FARMERS BRANCH, Texas–As Dick Ensweiler retires from the Cornerstone Credit Union League, he does so having traveled one of the greatest distances of anyone ever associated with the movement.
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LAKE FOREST, Ill.—The bigger the institution the better it is at cross selling—and banks, overall, do a much better job of cross sales than CUs.
OLYMPIA, Wash.–If there is a problem issue in the mergers taking place among credit unions, it’s when one small CU merges with another small CU for the wrong reasons, according to one person.
PALM DESERT, Calif.–Capt. (Ret.) Chesley “Sully” Sullenberger’s famous exploits in safely landing a passenger jet on the Hudson River are well known—but in remarks unlike those he has given to credit unions previously, he also made several veiled references to today’s political landscape and asked CU execs how they will be remembered.
SCOTTSDALE, Ariz.—Are credit unions ready for the future of digital banking? While most credit unions will respond that they are, close analysis of a new study from Cornerstone Advisors—combined with the firm’s own dealings with credit unions—indicates many CUs are not prepared.
SAN ANTONIO–Putting credit union onboarding initiatives in the context of dating, the big question for many is, “Why do so few CUs ever get a second date with members?”
WASHINGTON –With great weather on both coasts, Credit Union Miracle Day presented a $580,485 donation to Children’s Miracle Network yesterday from the Credit Union Cherry Blossom Ten Mile Run and the Credit Union SacTown Run in Sacramento Calif.
SAN ANTONIO–Ultimately it comes down to, “Can you close the deal?” The challenges in business development at credit unions are can be formidable, including lack of internal support, an unfocused strategy, and outright rejections on a daily basis. But one person with extensive experience in the field said there are effective ways to overcome those challenges, most especially in credit unions.
SAN ANTONIO–As seen on TV? Not any more. Instead, an original member of the Shark Tank offered credit unions 10 strategies for building a much more effective digital strategy, including leveraging an advantage competitors do not have.
PHOENIX—Skills acquired while working as an NCUA consultant who worked with troubled credit unions have helped Jane Dobbs turn things around at the formerly troubled CU where she is now CEO.