THE boost

Credit Union Growth Strategies
 

You know the saying: “Grow or…!” If you can’t complete that sentence, well, we’ll try to remember to send flowers. CUToday.info is dedicated to helping CUs grow by providing a little “mulch” in the form of reporting on successful growth strategies. This section will be a growing depository of such reporting on a variety of topics. Have an idea to share? Drop an email to Frank@CUToday.info.

MADISON, Wis.–If the increasingly competitive battle for talent is demonstrating anything, it’s that career development can no longer be limited to just a credit union’s top executives.

ONTARIO, Calif.—Although it can be tempting to chase the next new shiny object, in 2019 credit unions should focus on a trio of core issues, and “forget” about one other, according to CU Direct. 

HOLLYWOOD, Calif.–There is a centrifuge now rapidly spinning and separating the companies—and people—who will survive in the future, and it’s being powered by the six R’s, according to one person

ANAHEIM, Calif.–Forty-four percent of consumers say they are more likely to be  a repeat customer/member if they experience a “personalized” relationship. And therein lies the rub...

LOMBARD, Ill.—A major topic of conversation among financial institutions now with rates rising is how to keep deposits, according to Raddon, which has outlined seven steps to help FIs do just that.

ORLANDO, Fla.–Forget about fintech. Ditch those “clichés” otherwise known as best practices. And realize what you strongly believe doesn’t apply to what you or your organization actually likely does. 

STAMFORD, Conn.—Should credit unions outsource their data analytics to a third party?

RICHARDSON, Texas—One company said it is offering credit unions a new way to extend another value-added service to members to drive revenue and the CU’s brand.

HOUSTON—The growing demands from regulatory compliance and technology upgrades are making ATMs a “money pit,” says one cash machine expert.