PALM COAST, Fla.—Should credit unions jump into the cryptocurrency space, or should they wait—possibly until more guidance is provided by regulators?
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PHOENIX—The rapidly rising price for new vehicles—now at $47,000—should have credit unions rethinking their lending processes, says one automotive expert.
PHILADELPHIA—Credit unions have invested in technology to speed up their front-end decisioning on auto loans, and now new data suggest they should doing the very same thing on the back-end dealer funding side to stay competitive.
AUSTIN, Texas—There’s more than $369 billion in savings waiting to be taken advantage of by members who take green loans, and all credit unions have to do to help their borrowers get their share is provide a little additional education about the more than a half-million incentives available, according to one company.
WASHINGTON—The percentage of women serving on credit union boards is increasing, as is the number of minorities, but a majority of boards have no minorities represented, according to a new study from CUCollaborate.
LAKE FOREST, Ill.—A new battle is being waged between financial institutions and payday lenders, and consumers who frequently overdraft are the market both sides are fighting for.
WASHINGTON—The director of the CFPB has offered direction to credit unions on what could land them in the Bureau’s crosshairs on overdrafts, thoughts on fintech regulation, his views on credit card fees, and more.
WASHINGTON–Your credit union has backed up its data, but who really has it? It may not be who you believe it is, credit union leaders here were warned during a sobering update on the cyber-threats they face.
WASHINGTON–Former New Jersey governor and presidential candidate Chris Christie (who indicated he may run again) offered his views here to credit unions on the state of politics in the U.S., the upcoming elections, the need in the country for “inspiration,” and why it should never forget the words of John Adams.
CHAPEL HILL, N.C.—The greater reliance on data in decision-making by credit union leaders is changing the industry’s professional education landscape, not only altering what is being taught, but how that information is passed on—while also changing how certain CU employees are managed.