CINCINNATI—President Trump’s proposed tariffs on the auto industry, specifically on foreign vehicles and parts, would likely reduce the size of auto lenders’ portfolios if they are passed, analysts told CUToday.info.
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SEATAC, Wash.—Credit unions in the Pacific Northwest have been consistently leading all other CUs in the nation in lending growth, and one expert says the reason is cooperatives here do a great job of consistently explaining their value to consumers.
ARLINGTON, Va.—The recent court decision in Michigan allowing a non-member to move forward with a lawsuit against a credit union over alleged violations of the Americans With Disabilities Act (ADA) likely means CUs will continue to have to spend more time and money addressing these cases, experts say.
RANCHO CUCAMONGA, Calif.—A new technology is being tested to battle counterfeit cards at the point of sale–it detects fake cards by how they are encoded.
WILKES-BARRE, Penn.—Joseph Gimble recalls the long work days, the weekly negative news stories about his credit union, and the members leaving in droves–including many who opted to leave and not pay on their loans.
WASHINGTON—Twenty credit unions have now acquired 22 banks, and the moves—says one expert who has written a paper on the growing trend—have proven to be sound as long as the credit union does its homework.
ST. PAUL, Minn.—When the Wells Fargo scandal made big news in 2016, Affinity Plus FCU immediately sent out to members the email and phone number of its CEO, Dave Larson.
CHICAGO—Need ideas on what to do with that extra money coming back from the National Credit Union Share Insurance Fund this week? The credit union community has shared numerous suggestions and ideas with CUToday.info.
LOUISVILLE, Ky.—Reaching out to members early and often when they first join the credit union is the key to driving long-term loyalty, says one marketing executive.
LAKE FOREST, Ill.—A new report reveals that retail CD deposits rose 16% in 2017 over 2016, a strong sign consumers are willing to once again to reinvest in certificates.