ST. PETERSBURG, Fla.—A good deal on cards? That’s not enough anymore, according to one person, who said payments programs must be diversified and targeted with multiple value propositions.
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WASHINGTON—In a city in which competition for financial services is high, Navy FCU claims the largest market share of any FI, according to a new study that reveals branch efficiency is the key to the $73-billion CU’s lead.
ONTARIO, Calif.—New car lending will remain strong for the next 12 months, but by mid-2017 expect a slowdown that should continue due to market forces reducing consumer demand—one of those being regulation—according to one analyst.
FOLSOM, Calif.—Membership choice will clearly place more pressure on CUNA and state leagues to perform, say several credit union executives—including one who plans to ask the national trade association and the California/Nevada Leagues to sign performance agreements.
NEW YORK—At 40.91% capital, Progressive CU is easily in the best position of any credit union specializing in taxi medallion loans to ride out the assault by Uber and Lyft on medallion values and the resulting loan defaults.
FOLSOM, Calif.—If given the option to join CUNA or the state league, a number of credit union leaders say their credit union will stay with dual membership—primarily to give CUs more clout in Washington.
ALEXANDRIA, Va.—NCUA’s field of membership proposal has drawn more than 5,000 comments as of Friday evening, already shattering the previous record high of 3,100 comments for the Member Business Lending rule last year.
ATLANTA—Expect credit unions this year to make greater use of two-way video to get members together with subject matter experts quckly and cost effectlvley.
EASTLAKE, Ohio–The spectacular, 2010 collapse of St. Paul Croatian FCU, the largest-ever loss to credit unions by a natural-person CU at more than $170-million, was supposed to have served as a loud-and-clear wake-up call to regulators and auditors of the risk of embezzlement and internal fraud by employees. But apparently not.
RANCHO, CUCAMONGA, Calif.—When it comes to marketing to members in 2016, credit unions need to pay attention to two important trends, insists CO-OP Financial Services.