ONTARIO, Calif.—The auto buying model is transforming, not only in the migration to online shopping and purchases, but in how dealers and automakers are integrating their offerings, and credit unions that don’t recognize and respond to the shift are going to lose loans, asserts one automotive industry expert.
WASHINGTON–The Federal Credit Union Act turns 85 today–but only thanks to a late reprieve. And while much has changed from the days when loans were capped at $50 and regulatory oversight was provided by the Department of Agriculture, other things have remained remarkably consistent, including opposition from bank groups.
LAKE FOREST, Ill.—As expected, overall financial services overdraft revenue ($32.9 billion) was down in the first quarter of 2018. But what was not predicted is the size of the drop, says one economist, who notes credit unions experienced their first Q1 OD revenue decline in five years.
ATLANTA—CFOs inexperienced in managing through a rising rate environment could make the kind of mistakes that are the differences between growing and being forced to merge, according to one expert.
SAN DIEGO—It’s time C-Suite executives give up some of the keys to their company’s data systems, as crooks are going after those at the top–or more specifically, their broad administration rights.
NEW ORLEANS—It was the tragic death of a long-time member that sent the clearest signal to CEO Chris Call and his credit union that it needed to begin serving the legitimate marijuana business.
ORLANDO, Fla.–Girls and women who are raised to be “perfect” and who are being held back in their lives and careers as a result, must learn to instead be “brave,” according to one person whose own life and accomplishments are a metaphor for the success to be had in taking on that difficult transition.
LAKE FOREST, Ill.—Will the Federal Reserve adjust rates during its two-day meeting that begins today? One person says the “Fed gap” offers a strong signal.
BOULDER, Colo.—One credit union hopes that by tying support for its foundation to debit card usage, more members will support the CU’s charitable arm.
ARVADA, Colo.—With many credit unions chasing funds, one CU’s recently completed CD promotion exceeded its new deposits goal by 200%–thanks to a unique business relationship and steps taken to protect against deposit cannibalization.