GLENDALE, Calif.—As credit unions carefully watch for threats from outside the movement, one CEO asserts that the biggest risk to the future of the industry is coming from inside CUs as some leaders are “pimping” out their credit unions for personal gain.
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KENT, Wash.—When it comes to mergers, the real risk to the credit union community is from CEOs holding on and not merging out the institution when it is time to do so, according to one analyst.
DES MOINES, Iowa—Will digital wallet “clutter” hurt adoption of mobile payments? It could, according to TMG.
LAKE FOREST, Ill.— Since 2000, overdraft prices at banks and credit unions have adjusted upward at a pace higher than the rate of inflation—and CUs are the biggest drivers—according to a new report.
FRANKENMUTH, Mich.–Count Frankenmuth Credit Union here among those that have been paying close attention to the Federal Reserve’s movement on rates, including introducing a new product.
TAMPA, Fla.—Last week’s quarter-point hike in the federal funds target rate still has many credit unions waiting to see what competitors will do before increasing deposit rates—but loans are a different story.
PRINCETON JUNCTION, N.J.—Merchants are working diligently today to address U.S. card not present (CNP) fraud, a crime that has grown faster than many experts expected due to consumers’ interest in online shopping taking off this past year.
EL SEGUNDO, Calif.–A third of the U.S. population belongs to a credit union, although many have only a vague or no idea what a CU is. For non-members, the lack of awareness is even worse. A new initiative is getting closer to attempting to change that.
LAKE FOREST, Ill—Credit union annual overdraft revenue hit an all-time high of $6.2 billion last year, surpassing the movement’s previous high ($5.9 billion) in 2015 total by 5.1%, according to a new study.
RANCHO CUCAMONGA, Calif.—When a member has a legitimate card transaction declined due to fraud detection rules incorrectly flagging it, the CU’s plastic often heads right to the bottom of the wallet.