PALO ALTO, Calif.—Artificial intelligence (AI) may someday make mobile banking one of the most secure means for consumers to manage their accounts, asserts one analyst.
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WASHINGTON—Credit unions that serve large Hispanic populations are concerned over President Trump’s talk about mass deportation of undocumented immigrants and, like many, playing it day by day as they try to understand what the final policy might be.
LAKE FOREST, Ill.—A new study shows that among all financial institutions, only one in nine offer a single checking account—but among those that don’t offer multiple accounts, more than 70% are credit unions.
LOMBARD, Ill.—Credit unions have been bracing for hot money in liquid accounts to move since rates started to rise—but are they prepared for longer-term CDs leaving as well?
ARLINGTON, Va.—A new study by NAFCU shows the benefit to U.S. consumers from the credit union federal income tax exemption is $16 billion per year—but it is projecting that annual total to climb as interest rates rise, the trade association says.
SUNNYSIDE, Wash.—One small CU almost doubled its assets in the last three years thanks to a program that grants auto and mortgage loans to the underbanked.
BOSTON—One analyst believes the new Trump administration will boost the economy and bring an unexpected benefit to lenders this year—greater growth in new car sales.
SEATTLE—Inspirus CU is working to ensure it does not lose in the growing battle over credit card rewards by introducing new plastic that offers perks and a rate that are top-of-market nationally.
LAWRENCEVILLE, Ga.—Moves by the Fed to increase rates as often as four times in 2017, as some analysts are projecting, could slow down new car purchases among subprime borrowers, asserts Black Book.
HARRISBURG, Penn.—One CU recently found a way to stop a card cracking ring from targeting its members—it engaged in a sting operation with local police to capture two of the crooks.