Welcome to the disruption. But is it the one credit unions think it is––or perhaps something much more troubling?
THE 'tude
Over the past few years, there have been big conversations in credit union land about a “full-scale branding/awareness campaign” that will help our movement solve an issue that has seemingly lasted since our inception: Why don’t more people know about and do business with credit unions?
LendEDU recently surveyed 1,000 adult Americans to better understand how the average consumer budgets his or her monthly income.
The recently-introduced legislation to cap interest rates charged on most loans looks like a promising approach to combating predatory lending practices.
Recently, the White House posted a video of NCUA Chairman Hood praising President Trump’s economic program for benefiting African-America
Raise your hand if you enjoy surprises from NCUA. A surprise exam. A surprise “finding” in an exam report. Heck, even a surprise call with birthday well wishes (which only makes you suspicious, right?). And yet the agency delivered a rather pleasant surprise last week in several ways.
Within the not-too-distant past, consumers were primarily paying each other with cash and checks and paying merchants with cash, checks and cards.
SHADY ACRES, USA–Unlike other credit unions, Co-opKiller CU has been growing.
Today’s credit unions should be prepared to provide members with access to options when it comes to payments.
A million years ago when a mobile banking problem meant a car broken down in the branch drive-through and “engagement” meant a young bride’s parents might be meeting with a loan officer, I very much recall being part of a conversation among some CU folk about how powerful it could be if every credit union in the country could get out into its communities all on the same day.