WAKEFIELD, Mass.—Credit unions will need to face down the challenges over the next five of more years of non-traditional and “less personal” financial digital choices by staying strong and close to their members, according to Brad Singer of Primax.
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SAN DIEGO–Financial services providers are making significant investments in an “omnichannel” strategy even if, as one expert observed, many are finding themselves back where they were five years ago.
SAN DIEGO–If a group of credit unions and banks who were meeting here are a representative sample, then most financial institutions are making investments in an omnichannel banking strategy, but none feel they are anywhere close to reaching their objectives.
TAMPA, Fla.—With just under 30 days remaining until the Oct. 1 liability shift deadline, card processors are reminding credit unions about the importance of starting member education now.
ARLINGTON, Va.—Uncertainty around when the Fed will raise rates—and more so around what it will do afterward—are signals to CUs to not base their pricing strategies moving forward on how rising rates were addressed following the last economic downturn.
MADISON, Wis.—An interesting “phenomenon” is occurring now with the average asset yields trendline at credit unions—they are flat during a period in which credit unions are replacing low-paying investment dollars with new loans, noted one economist.
CHICAGO—Credit unions should prepare for what could be a big outflow of deposits when rates begin to rise, according to one CEO who says the biggest movement may occur when short-term deposit rates approach 1.5%.
LOMBARD, Ill.–American consumers are sharing their thoughts on what they believe the financial industry landscape will look like five years from now, as well as who they believe will be affecting that landscape.
JOHN DAY, Ore.–Ken Olson, the CEO of Old West FCU, who is also a reserve patrol deputy with the Grant County Sheriff’s Office, shares a first-person account of what it's like living in and near the wildfires, as well as information on how credit unions can help
BROOKFIELD, Wis.—Sound strategic planning and rapid innovation are needed from CUs as the industry moves quickly toward a radically different way of doing business in the year 2020, according to Fiserv.