LAS VEGAS–Many credit union leaders are letting their joy over interchange income cloud their thinking when it comes to a tipping point in payments, one analyst is cautioning.
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LAS VEGAS–Credit unions focused on Millennials and mobile services as the source of future growth and direction are making a mistake, says one expert. Where they really need to be looking is at eight-year-olds.
SOLON, Ohio—Can what happened at Wells Fargo—where employee misconduct led to enormous fines and harm to account holders—occur at credit unions?
MERRITT ISLAND, Fla.—To help prevent threats to the country’s infrastructure, Information Sharing and Analysis Centers (ISACs) have been in place since the terror attacks of Sept. 11, 2001. But not until recently has there been an organization focused on the specific cyber intelligence needs of credit unions.
LAKE FOREST, Ill.—Service charge revenue—what FIs make from overdrafts and debit and credit card interchange—reached a record-high $84.3 billion in the second quarter of 2016, according to a new study.
ST. PETERSBURG, Fla.—A move by a number of merchants nationally in the wake of the EMV liability shift deadline to accept only PIN debit will likely force some CUs to make difficult decisions next year regarding pricing and fees, suggests one analyst.
LAKE FOREST, Ill.—Checking accounts: they remain a traditional, core offering—for now. The market and competition is evolving, with the number of financial institutions offering free checking declining, overdraft revenue rising and community banks making inroads on credit unions in both areas.
RANCHO CUCAMONGA, Calif.—Credit unions that waited to convert their card base to EMV until after October 2015, choosing to reissue as cards expire, appear not to be suffering greater fraud losses, according to one report.
WASHINGTON–Jokes about Wells Fargo. Serious observations about the bank. Criticisms of the CFPB, including that it’s an insult to the Founding Fathers. Discussion of the NCUSIF. Threats to the tax exemption. Credit unions heard all that and more here during Congressional Caucus.
WASHINGTON—With the two most unpopular candidates for the presidency neck and neck for the Oval Office, one political analyst offered a sobering and even troubling assessment of politics in the U.S.—but also offered a ray of light that brighter days could be ahead for the country.