OAK HARBOR, Ohio—Commodore Perry FCU has introduced two new loans designed to help students pay for trade school. It believes it is one of the first lenders in the country to offer such a lending program.
CHICAGO—One credit union is expecting to reach $100 million in commercial loan participations this year contends the deals not only help hedge commercial lending risk, but also allow small CUs to easily enter the business loan space.
WASHINGTON—Geoff Bacino recalls staring at a three-by-five index card on which were printed the signs of an impending financial crisis.
PORTLAND, Maine–At its newest branch downtown here, cPort Credit Union features something unlike any other CU branch in the country–a luxury, $2-million condominium that occupies the two floors above it.
NEW YORK—While secondary capital is seen by many low-income designated credit unions (LICUs) as a lifeline to grow and serve the underserved, a number of sources have told CUToday.info NCUA is slowing the flow of these funds even as demand is expected to increase.
SPOKANE VALLEY, Wash.–One-year terms for board members? It’s just not long enough—even when those board members are in college, which is why Numerica Credit Union is making a change in its unique program.
MADISON, Wis.—After a decade of working to become an incubator of innovative products and solutions for credit unions, Filene’s i3 program is making a change—and it’s partly due to the effect fintechs have had on the time to get ideas to market.
ORLANDO—Robotic process automation (RPA) is being credited with helping some financial institutions grow without having to add more staff and is increasing accuracy of work performed, according to some experts.
MADISON, Wis.—How do CUs get their directors to openly discuss an issue not easily raised in the boardroom, such as lack of diversity and the growing age among directors? Get them to play a board game modeled on one for children.
ST. PAUL, Minn.—Last year marked the end of an extensive three-year “journey” for one credit union that completely overhauled its systems, including its core. The CU believes it’s a journey other credit unions are going to need to travel to in the future.