CARLISLE, Penn.—A group that has been fighting the merger of Cornerstone FCU here and Belco Community CU still believes it has a chance to delay or prevent the combination.
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ONTARIO, Calif.—Don’t expect the captive finance companies to back off their incentive offers. In fact, expect them to soon step up cash-back deals to address the growing number of trade-ins with negative equity.
LIMA, Ohio—One of the “top-performing” CUs in the nation says the key now—and certainly down the road—is diversifying the revenue stream.
JACKSON, Mich.—Women drive most household financial decisions, according to American 1 CU, which is why it spends $28,000 each year on its Women’s Expo, a community event that has grown larger each of the last 15 years.
LAS VEGAS—What do dealers want from their indirect lending partners? Consistency in lending policies and loan decisions were common answers shared during CU Direct’s Drive ’17 Conference here.
PRINCETON JUNCTION, N.J.—Card not present (CNP) fraud has yet to become a major issue, but that could change in the next year or two depending on how crooks attack the payment channel and merchants deploy new defenses, says one expert.
BIRMINGHAM, Ala.—Look for the credit union community to have a larger number of CUSOs than credit unions by 2025.
SCOTTSDALE, Ariz.—NCUA’s increased scrutiny over vendor management is costing credit unions money and leading to the wrong outcomes.
CLARK, N.J.—One medallion lender fears that troubled taxi loans could hit those that bought participations harder than some of the credit unions that originated taxi loans, and as a result is asking NCUA to step in with guidance on how credit unions should manage this growing concern.
ORLANDO, Fla.–Three former CFOs who are now credit union CEOs shared the lessons they have learned in moving to the corner office with a group of former peers here who are interested in following their paths.