PURCHASE, N.Y.–Thanks in part to social media, evolving traditions could mean future lending opportunities for credit unions around Valentine’s Day (even if the Cost of Loving Index shows a slight decrease in related costs this year).
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SOUTH BURLINGTON, Vt.—NorthCountry FCU has 65% of its members using one of its three checking accounts, and the CEO attributes the high penetration to a simple philosophy.
RANCHO CUCAMONGA, Calif.—It’s been more than seven years since the Durbin Amendment was passed by Congress, and it’s never been more important for credit unions to continue to focus driving transaction volume to keep debit interchange revenue at current levels, asserts one analyst.
DOTHAN, Ala.—What began as a simple means to address a call center problem has become one credit union’s most popular loan product.
DALLLAS—Every time Neighborhood Credit Union hands out a big check for its annual savings program winner, it also experiences a big bump in membership.
MUSKEGO, Wis.–One analyst is urging credit unions to do more than just simply structure the balance sheet for a rising-rate environment, saying lessons from the recent past indicate it’s imperative to prepare for many different rate scenarios.
RANCHO CUCAMONGA, Calif.—CO-OP Financial Services just concluded its first round of meetings for its new Co-creation Councils, teams organized to help shape the future of CO-OP and the entire CU movement as a more competitive and highly digital financial services marketplace emerges.
SCOTTSDALE, Ariz.—Is “Carmageddon” on the horizon? For some lenders it is, asserts one analyst, who believes credit unions won’t feel the impact as much as others from rising delinquencies and a marked slowdown in new car sales during 2018 and beyond.
WASHINGTON—The banking industry is stepping up its attacks on the credit union tax exemption in both state legislatures and in Washington, and analysts believe the heavy assault will only continue, especially at the state level.
AUSTIN, Texas–Registration is now open for the CU Tomorrow Conference, the affordably priced meeting requested by the readers of CUToday.info that focuses on real-life, peer-group leading credit unions sharing the secrets to their successes with other CUs.