MADISON, Wis.—Two credit unions that collaborated with each other by forming small teams to foster reliable, internal innovations are reporting that two new ideas are being taken to market as a result.
THE boost
LANSING, Mich.—Six members of Michigan credit unions have each won $10,000 as part of the statewide Save to Win program.
BEAVERCREEK, Ohio—After seven successful years, Wright-Patt CU is retiring its annual Savings Race campaign, which has had a huge impact on the community and on the credit union.
NEWPORT BEACH, Calif.—Among those keeping a keen eye on NCUA’s revised risk-based capital rule are credit unions with investments in CUSOs and CUSOs themselves.
LIHUE, Kauai—That there has been an “urge to merge” among credit unions over the past decade is no secret, as the numbers make clear.
LIHUE, Hawaii—An overlooked driver of why some credit unions are more successful than others is the role their boards of directors play. In short, some boards are simply more effective than others.
LIHUE, Hawaii—Most credit unions could double loan volume with existing membership. That startling observation was offered to credit union board members as part of an effort to re-think the strategic initiatives of their credit unions and to recognize that marketing dollars might be better targeted at current members (including those with loans elsewhere), rather than looking to new members for new loans.
LIHUE, Kauai—Just about every credit union talks about the need to innovate. But many are confused about how to innovate, what the process means exactly, and what steps can be taken to spark real innovation, according to one person, who has offered some strategies for changing all that.
LIHUE, Kauai—Credit union volunteers have been give a couple of updated checklists of questions to be asking management as part of their responsibility as the “first line of defense of potential losses.”
LOS ANGELES—“Something transformative” could be in store for underbanked immigrants, according to a discussion among credit unions and other experts here.