Thanks to multiple stimulus payments and a sustained period of low interest rates that can be attributed to COVID-19-related policies, credit unions across the country have experienced unprecedented levels of deposits and growing balance sheets.
THE 'tude
The Third Industrial Revolution period of the 1950s through 1990s witnessed the beginning of the decline of the small credit unions.
I was channel-surfing and happened upon one of those Nat Geo shows about survival in the wild.
According to a recent Oracle study of 9,000 people in 14 countries, a majority of people trust technology and machines most with their money.
Much has been observed, stated, predicted and written during 2021, but the Most Insightful Observation of the Year Award goes to these:
The GAO released a report in October analyzing the causes of credit union failures from 2010-2020.
We wanted to write in response to your Nov. 16 article, providing an analysis of the latest credit union merger activity.
I read a book full of short, sad stories recently. Yes, on purpose. And all of the stories were authored by credit unions.
When was the last time you opened a new account at your credit union? How about applying for a consumer loan?
I have long believed that credit unions can solve most of the financial challenges that entangle our members.