DULUTH, Ga.—While Renee Sattiewhite has a great deal of hope for what the new DEI Collective can do to drive diversity, equity and inclusion the CU community, she also knows its success will largely depend on the degree to which CU leaders take an active role in change.
ST. AUGUSTINE, Trinidad and Tobago—A credit union board is not complete unless it has a young adult among its directors, says one executive who is trying to lead CU change in Trinidad-Tobago—and who became a CU member himself “unintentionally.”
SANTA ANA, Calif.–The president of the Orange County, Calif., branch of the NAACP is asking SchoolsFirst Credit Union to make changes to its board of directors and its board election processes.
PLANO, Texas–Negative interest rates are certainly something credit unions should be thinking about, according to one expert, who said the U.S. was actually “living in that environment” for a short period earlier this year.
LAKE FOREST, Ill.—New data from the first quarter of 2020 includes a surprise—overdraft transactions among all financial institutions increased 4.8% year over year to $34.5 billion, even though the coronavirus pandemic was already hitting the economy.
SCOTTSDALE, Ariz.—Gas stations never used to offer self-service, but today, with the exception of two states pumping fuel without an attendant has become the only way to fill the tank. Now, one analyst believes the pandemic is forcing a similar shift, and it’s imperative CUs understand how content delivery is replacing in-branch selling.
LA CROSSE, Wis.–One credit union cutting branches in favor of digital services says the pandemic was the “kick in the teeth” it needed to make the difficult decision to emphasize remote delivery over bricks and mortar.
CARMEL, Ind.—Credit unions could face large collateral losses—and unwanted car sales on their lots—in the coming year if their repossession processes are not in good working order and plans are weak, asserts Pete Hilger.
ATLANTA–Knowing who has a loan with the credit union now—and not just when the loan was made—has never been more important as the coronavirus crisis continues to take its toll, one expert is advising. It’s especially true with so many loans being made remotely.
NEW YORK—The credit union movement is losing too much of its diversity at a time when the nation is emphasizing a greater need for acceptance of minorities, says one small CU expert.
