TAMPA—Suncoast CU has a new “food truck,” but instead of offering sandwiches and snacks, the lunch wagon serves up financial education.
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LAKE FOREST, Ill.—An independent review of CFPB consumer complaint data reveals that when it comes to service, credit unions are looking much better than big banks in the eyes of consumers.
TAMPA, Fla.—Tom Dorety, head of the former CUNA System Structure and Government Task Force, is disappointed in the trade association’s decision not to accept the group’s principal recommendations, but hopes that the findings presented will eventually drive some change within CUNA and the leagues.
WASHINGTON–Freddie Mac has now been in government conservatorship for seven years, even though it has returned to profitability. With its CEO observing that no “big, bang bill is coming to change that” in Congress, the company has been working on considerably improving its service while further reducing risk to taxpayers.
WASHINGTON–There is one clearly bipartisan agreement in Congress: it’s never been more partisan. Beyond that, credit unions at NAFCU’s Congressional Caucus here heard from a half-dozen representatives and senators with just as many views on the upside/downside of gridlock; a 60-foot-high pile of regulations; why community banks and CUs should stop fighting each other; the perspective that being 75-years old brings, and all about a “holy writ” and she who must not be named.
WASHINGTON–Why has Washington become such a nonproductive, gridlocked mess? Two former congressman from opposite sides of the aisle are offering three reasons for the sad state of affairs–as well as some solutions for making things better–although neither expects anything to change anytime soon.
LAKE FOREST, Ill.—Although it seems counterintuitive, one well-respected analyst is urging credit unions to reduce fee prices, especially on overdrafts, and loan rates in order to boost profitability. It may be CUs’ only “ticket to success.”
DES MOINES Iowa—Credit unions may sign on with Samsung Pay and Android Pay faster than they enrolled with Apple Pay, predict several analysts about the new mobile payments solutions launching soon.
ST. PETERSBURG, Fla.–More than 25 teams will be presenting to judges today the ideas they have been working on for the past 24 straight hours.
SCOTTS VALLEY, Calif.—Four credit unions that use the CU Direct platform have signed on with Intuvo in an effort to deepen relationships with members who have joined via an indirect auto loan.