LAKE FOREST, Ill.—Credit unions and banks are moving in different directions when it comes to service charges on deposits, a new report reveals–and it may be costing credit unions when it comes to Millennials.
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MOLINE, Ill.—One credit union invited the local community out for an evening to have a few drinks, some food and learn about the CU’s mortgage offerings.
NASHVILLE, Tenn.–Seth Mattison acknowledged from the outset it’s a topic that makes CU audiences want to “puke.” But it’s also a topic CUs must rethink if they wish to “future-proof” their own organizations, he said. The topic: Millennials, Gen Z and youth. The why: Relevance.
PETERBOROUGH, N.H.—The credit card war is getting even hotter, but this time the price to play is being driven higher by consumers rather than the big banks, says one analyst.
WASHINGTON–A new analysis has identified what it says are the 10 “most outstanding” credit unions in the United States that nearly anyone can join.
BIRMINGHAM, Ala.—Used car demand could go up and loan terms might go down—along with loan rates—asserts one automotive industry analyst, who believes the Financial Accounting Standards Board’s (FASB) current expected credit loss model (CECL) could have a significant impact on auto lending.
ATLANTA—New pricing structures and new approaches to lending will likely result from the Financial Accounting Standards Board’s (FASB) new Current Expected Credit Loss model (CECL), predicts one analyst, who acknowledges many lenders are still trying to fully understand the new rules.
BROOKFIELD, Wis.–Just how long can a piece of malware sit on an employee’s workstation? Usually, as long as it takes before a human being notices the threat is there. But what if security software could immediately find it and either kill it or take the station off the credit union’s network?
MADISON, Wis.—Serving the underserved can benefit the credit union’s bottom line as well as the community–but only if the offerings to low-income members are managed correctly, says the Filene Research Institute.
TEXARKANA, Ark.—When the November elections are held, Allen Brown will be elected mayor of this city, and in the process become the first credit union CEO to hold the position.