COSTA MESA, Calif.—Experian early this year will introduce a new credit score product it says will help financial institutions make loans to more credit invisible and thin-file consumers—a huge market of more than 100-million people.
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MERIDIAN, Idaho—How important is it for a credit union to have access to “live” data from its core platform? One small CU used that information to first get out of the indirect auto lending business, and then get back in.
REDWOOD CITY, Calif.–A credit union employee picks up the phone. On the other end is the voice of the CEO requesting that money be transferred to a new vendor he says the credit union has just selected. The employee follows orders and makes the transfer. The funds go to a scammer. And the voice of the CEO? It wasn’t the CEO.
GAINESVILLE, Fla.–2020 has arrived and with it, fittingly, plenty of predictions and forecasts for “seeing” what’s ahead.
LAFAYETTE, La.—A contest hosted by tiny Maple FCU here that rewarded one winner from among those who posted pictures of their old auto wrecks has helped the credit union to take three big steps.
MOLINE, Ill.—In a move to bring in new members and deepen relationships with existing account holders, one credit union is paying 5% APY on checking.
THE NORTH POLE–The good news this holiday season? Paying for all the gifts included in the Christmas classic the Twelve Days of Christmas is nearly unchanged in 2019 from 2018.
ONTARIO, Calif.—Expect a steady economy in 2020 with little threat of recession, according to one economist who says the biggest concern for credit unions next year will be rising auto loan delinquencies and defaults.
OKLAHOMA CITY, Okla.—One credit union here has added Amazon Hub Lockers at a number of its branches as a means of driving additional traffic and providing a community service.
LAKE FOREST, Ill.—A new report reveals that since the Great Recession, it has been credit unions—not banks—that are generating more in fee income—and they are doing it by having lower charges.