ONTARIO, Calif.—The thinking that many Millennials and Gen Xer’s don’t want to own cars is flawed, says CU Direct, which says data show these younger consumers will soon pass Baby Boomers as the primary car-buying segment.
ATLANTA—While new car sales numbers continue to decline from the banner year 2016, lenders are seeing their overall auto lending dollars increase as a result of a decline in leasing and growing consumer interest in used cars, reports Equifax.
LOS ANGELES, Calif.—Wescom Credit Union says the $38 million it is spending on a 10-year deal to become the exclusive banking partner for UCLA—which includes putting the CU’s name on famed Pauley Pavilion and the iconic Rose Bowl—will drive many, young new members to the credit union in the coming years.
TUKWILA, Wash.—Documents provided to CUToday.info provide far more detail into what the $19-billion BECU envisions for a potential cooperative savings bank charter to which it and other CUs might someday convert.
OVERLAND PARK, Kans.—With credit unions closely focused on balance sheet risk, many are overlooking another risk that is equally important to their future, one analyst asserts.
ALEXANDRIA, Va.—NCUA is reporting its online diversity assessment initiative is promoting diversity and inclusion among the credit unions that participate in the annual program.
AUSTIN, Texas—While real estate remains all about location, location, location, a shrinking real estate market in the coming years is going to put an even greater emphasis on speed, speed, speed, according to one analyst.
ALBANY, N.Y.–Members are simply no longer willing to jump through hoops—in this case, apps–when it comes to using digital channels, according to one CU that has built out a one-stop, self-service channel for members.
ST. PETERSBURG, Fla.—Is “reverse loyalty” the way more issuers are going to drive greater card usage?