LAKE FOREST, Ill—While overdraft revenue among all depositories grew to $34.4 billion (annualized) during the first half of the year, Moebs $ervices is cautioning that the same pace of growth may not be sustained in the year’s second half as the economy starts to falter.
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ARVADA, Colo.—For several years Partner Colorado CU has intended to sell its cannabis banking CUSO, Safe Harbor Financial. And when the $185-million sale for the CU’s division was announced early this week, Sundie Seefried said it could bring a big payday for the CU’s members.
NEW YORK—Credit unions face a payday alternative loan problem—their small-dollar products are not readily accepted by members who need them, according to Inclusiv, which is offering a solution.
TUKWILA, Wash.—The old-school savings model of stuffing cash into paper envelopes to budget for monthly needs is now being digitized by BECU, which says members are reacting well to the e-program that also is a means to retain core deposits.
MADISON, Wis.—Credit unions have always had an inherent focus on the financial health of their members, but now it’s time to make these efforts a central part of the business model, says one expert, who is citing examples of CUs that have done just that.
PALM COAST, Fla.—What can credit unions do to regain their service advantage over banks? It’s a question that has been regularly discussed among analysts after credit unions slipped in service rankings to banks for the third consecutive year in a well-respected national study.
EL PASO, Texas–One credit union that has begun paying an eye-popping 7% on checking deposits believes other credit unions will follow its lead if they are able to do a couple of things.
LAKE FOREST, Ill.—Walmart will achieve “market dominance” in checking in less than a decade, according to one economist who has been urging credit unions to protect their consumer checking business from a big assault by the giant retailer and the benefits it offers.
MADISON, Wis.—There are any number of economic issues affecting or with the potential to affect credit unions, but one economist is particularly concerned about one data point—although he also sees some positive trendlines, too.
AURORA, Colo.–A panel of car dealers shared their views with credit unions on everything from the future of auto retailing, what they are now looking for in financing partners, how electric vehicles are changing the market, and even whether cars prices will reach the point they become luxury items for a select few.