The recent criticism by the CFPB of credit unions using credit reporting agencies to screen for checking accounts, along with the press reports on the potential impact of Walmart’s GoBank account program on credit unions, clearly highlights the two major issues credit unions now face—regulation and competition.
Stuff found while rummaging through the reporter’s notebook and trying to find the Christmas lights…
Effectively managing cash is not so different conceptually than managing any other type of inventory, so it makes sense that credit unions implement standard inventory management practices into their cash management processes.
During my 30+ year credit union career I constantly heard the lament from many credit unions about the impossibility of getting loaned out. The excuses were myriad. The NCUA won’t let us make loans. The economy is bad. The auto dealers take our members. There is no demand. Excuses, excuses.
It’s not talk the talk and walk the walk—unless someone balks. If credit unions aren’t going to stick up for credit unions, who, exactly, is going t
Achieving meaningful revenue growth is the definition of success. In pursuit of program success, consider these six key steps in your program management plan.
CUToday.info ran an article recently that focused on reasons why some credit unions aren’t growing. The piece cited a CUNA Mutual report which found that credit unions with assets greater than $1-billion reported membership growth of 6.3%, while credit unions with assets less than $20 million showed membership declining by 1.6%.
Home banking integration (HBI) shows all of a financial institution’s consumers’ financial assets, including investments, to the client on one page, accessible via a single login.
There are a lot more of you reading this. And for that we say thank you. Let me explain.
Last week CUToday.info reported the Q3 numbers for credit unions, which showed strong growth across all loan categories. But it isn’t just credit unions where the numbers are robust; CUToday.info is seeing more traffic than a mall parking lot this holiday season.
The evolution of the Internet and the rise of mobile devices such as smartphones and tablets have placed information in the palms of our hands in unprecedented ways.