TAMPA, Fla.—When it comes to leveraging member data, 2020 needs to be the year credit unions do things they’ve never done before, says Tom Davis, making clear those efforts are not limited to just large CUs.
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KOLOA, Hawaii–Ann Davidson said she recalls her early days in investigating theft from credit unions and it typically involved something simple, such as an employee taking something from another’s desk. Now, it’s not so simple. Last year, theft cost credit unions more than $40 million—which is why she spent time here offering strategies for stopping fraud, making it clear a lack of simple internal controls is often the expensive culprit.
ROYAL OAK, Mich.—NCUA’s new proposed rule related to credit union acquisitions of banks should not impact the future of these deals, says Michael Bell, who emphasizes it’s time to “put on paper” the process for completing these transactions.
UNITY, Maine–Nearly every credit union in the country is striving to be members’ primary financial institution. But one startup CU here has no interest in being a PFI.
KOLOA, Kauai–Nothing evolves in a vacuum, and that includes credit unions, which must understand how a multitude of changes interact, amplify and dampen each other. But even if they understand much of that, they’ll never accurately predict the future, according to one expert—but they can improve their forecasting.
CHARELSTON, W.Va.—Element FCU expects to become the first credit union in this state to serve the medical marijuana business. And, it expects to be the key to the growth of medical marijuana businesses here.
TAMPA, Fla.—What will really drive card loyalty in the not-too-distant future? The experience, and not so much the offer, sources are predicting.
ROYAL OAK, Mich.—What will the decision by a regulator in Colorado to block a credit union’s planned acquisition of a bank mean moving forward? Several analysts are weighing in.
AUSTIN, Texas–Credit union members who don’t like the auto loan offer handed to them by the dealership’s F&I department can now tap a button on their phone to get another deal.
MADISON, Wis.—Home prices are rising quickly, and one economist is concerned a calamity still prominent in the rear view mirror might again be on the horizon.