NEW YORK—Amid concerns over ridesharing services hurting cab companies and possibly the value of taxi medallions—and collateral on CU loans—credit unions that serve the taxi industry say their biggest worry right now is, in fact, a different challenge: NCUA.
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ORLANDO, Fla.—Financial services and the golf industry have more in common than just league events and fundraisers. Both are also struggling to respond to an enormous and influential millennial generation that isn’t particularly fond of either.
CHICAGO—Whole Foods has grown from a single store for “hippies” into one of the most successful businesses in the U.S., with more than 400 stores. At its heart is a culture of “higher purpose” and “ethical responsibility,” and its CEO shared a message of how the company has grown and the lessons for financial services that will resonate with credit union leaders.
MOUNTAIN VIEW, Calif.—One credit union has turned to a cash bonus instead of raising rates to attract deposits and fuel 21% loan growth.
Part 5 in CUToday.info series on deposits.
ROCKY HILL, Conn.—Paying almost 5% on checking is helping one credit union overcome consumer misperceptions that CUs are difficult to join and that they offer fewer services than banks.
Part 4 in CUToday.info series on deposits.
LOMBARD, Ill.—Credit unions need a two-part strategy to manage through the rising rate environment that’s coming, according to Bill Handel.
Part 3 in CUToday.info series on deposits.
SCOTTSDALE, Ariz.—One ALM expert is encouraging credit unions to gain a sound understanding of long-term member deposit behavior to gauge their sensitivity to rate movement.
Part 2 in CUToday.info series on deposits.
LOMBARD, Ill.—Credit unions could face significant core deposit runoff once interest rates begin to rise, experts are warning.
Part 1 in CUToday.info series on deposits.
RANCHO, CUCAMONGA, Calif.—More so than banks, credit unions have rushed to sign on with Apple Pay. However, there are issues ahead.
WASHINGTON--Ten of 15 candidates for Congress with whom CUNA was directly involved won their races, but among the five losses were several strong supporters of credit unions, such as Colorado Sen. Mark Udall. CUNA and credit unions sent more than 2.1-million pieces of direct mail to 400,000 registered voters who are also credit union members in support of Udall.