KENT, Wash.—It’s always been a point of pride when credit unions merge that there are no staff layoffs. But that may change, according to one expert, who said that as more large credit unions merge to gain market clout and efficiencies, moving forward not all the staff may make the transition.
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LIVE OAK, Texas—Simplicity in its offerings—especially in new accounts and lending—as well as high checking penetration are being cited as among the key reasons Randolph Brooks FCU has been recognized as outperforming peers in a new analysis.
As branches transition from transaction hubs to centers for sales and advice, it could make for some challenging HR issues as a similar transition needs to be taking place with the staff inside those facilities, according to Level 5.
ONTARIO, Calif.—The CFPB’s crackdown on the practice of dealer mark-up may lead to higher flat fees FIs pay to car stores, one expert suggests.
BIRMINGHAM, Ala.—Will EMV speed adoption of mobile payments? Several experts think so, especially during the holiday shopping rush.
SACRAMENTO, Calif.—The credit union that became the first CU to buy naming rights to a major professional sports team’s arena says it is already seeing results from the move.
LAKE FOREST, Ill.—A new study indicates that the optimal operating size for any FI is $5-$10 billion in assets, as that is the asset class achieving the greatest economies of scale.
GOSHEN, Ind.—Credit unions will be hopping aboard the Black Friday shopping rush later this week, joining retailers with deals that include 0.99% APR auto loans, double rewards points, and 5% APY checking.
ALEXANDRIA, Va.–During the board meeting here, NCUA Chairman Debbie Matz and Board Member Mark McWatters locked horns in sharp disagreement over the agency’s budgeting process, whether it has been manipulating the overhead transfer rate, and whether a separate regulator for credit unions is even needed anymore.
ONTARIO, Calif.—The CFPB’s focus on buy-rate financing won’t eliminate dealers’ ability to pass on higher loan rates to borrowers at their discretion, according to the National Auto Dealers Association.