WILMINGTON, N.C.—Credit unions in some of the areas hit hardest by Hurricane Florence likely won’t be able to assess actual damages for days, due the inability to get to affected offices.
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BETHPAGE, N.Y.—Collaboration among CUs only works when all the parts fit, says one CUSO that believes the secret to its longstanding success is the ability for the three partnering credit unions to share a common vision and goals.
ALEXANDRIA, Va.—NCUA has changed its approach to supporting small credit unions that need assistance to grow and survive.
LAKE FOREST, Ill.—Another new study indicates that if credit unions don’t start increasing deposit rates soon they could see money head out the door to higher-priced offers available online.
AUSTIN, Texas–The second full day of the CUTomorrow Conference packed in even more practical information on everything from the lessons learned by a CEO who has led CU turnarounds to ways to avoid overpaying vendors to the “moms market” and more, before wrapping up with a special session at which attendees helped each other to respond to the day-to-day challenges they are facing.
AUSTIN, Texas–Credit unions focused on growing and seeing tomorrow got “onboard” here with a full day of strategies shared by some of the best CUs in the country as part of the unique CUTomorrow Conference.
AUSTIN, Texas–Credit unions gathered here as part of a unique get-together were given a foundation in how to create effective changes in credit unions of all sizes—and then make it stick.
ARLINGTON, Va.—Many credit unions are responding in the face of growing deposit competition from fintechs and online banks in the rising-rate environment, at the same time a significant number also say they haven’t budged much.
WASHINGTON—It’s the most vexing Catch-22 of all for smaller credit unions: they will grow when they have more time and resources available, and they will have more time and resources after they grow. So, how to overcome that huge issue?
SCOTTSDALE, Ariz.—Credit unions must go “digital first” now or prepare to merge later, according to one expert, who says brand alone no longer cuts it and that CUs must be careful of partnering with fintechs “without the fin.”