LOS ANGELES, Calif.—Wescom Credit Union says the $38 million it is spending on a 10-year deal to become the exclusive banking partner for UCLA—which includes putting the CU’s name on famed Pauley Pavilion and the iconic Rose Bowl—will drive many, young new members to the credit union in the coming years.
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TUKWILA, Wash.—Documents provided to CUToday.info provide far more detail into what the $19-billion BECU envisions for a potential cooperative savings bank charter to which it and other CUs might someday convert.
OVERLAND PARK, Kans.—With credit unions closely focused on balance sheet risk, many are overlooking another risk that is equally important to their future, one analyst asserts.
ALEXANDRIA, Va.—NCUA is reporting its online diversity assessment initiative is promoting diversity and inclusion among the credit unions that participate in the annual program.
AUSTIN, Texas—While real estate remains all about location, location, location, a shrinking real estate market in the coming years is going to put an even greater emphasis on speed, speed, speed, according to one analyst.
ONTARIO, Calif.—The rapid growth in credit union indirect lending programs has triggered more examiner scrutiny and additional emphasis on the performance of CU indirect lending programs by regulators, as CUToday.info reported earlier here.
ALBANY, N.Y.–Members are simply no longer willing to jump through hoops—in this case, apps–when it comes to using digital channels, according to one CU that has built out a one-stop, self-service channel for members.
ST. PETERSBURG, Fla.—Is “reverse loyalty” the way more issuers are going to drive greater card usage?
AUSTIN, Texas–State regulators are turning a watchful eye on indirect lending at credit unions, where volume growth remains on the accelerator, with special attention on CUs moving into the channel for the first time.
SCOTTSDALE, Ariz.—The need to partner with fintechs is being recognized by more financial institutions, but one expert insists that organizations should not rush to a decision, and instead step back and make some important strategic decisions first.