MOHEGAN LAKE, N.Y.—As analysts advise credit unions to either innovate or partner with fintechs to keep the loan portfolio growing, one small CU is working with a startup that has helped boost the loan portfolio by 4% in three months.
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PONTIAC, Mich.—One credit union believes there is no better place to raise awareness of the CU and pass along information about the credit union difference than in the back seat of a cab.
LAKE FOREST, Ill.—When it comes to offering prepaid cards, credit unions are ahead of banks. A new study from Moebs $ervices shows that 29.6% of CUs offer reloadable prepaid, compared with only 18.2% of banks.
SAN FRANCISCO–The $185 million in fines Wells Fargo is paying for a massive, company-wide scam that involved opening accounts never requested by customers may pale compared to other developments that have followed, not to mention damage to its brand.
MOLINE, Ill.—Today is Positive Thinking Day, a time Americans are urged to set aside each year to concentrate on all things positive. For one CU, that's not just reserved for today.
ST. PETERSBURG, Fla.–A 24-hour competition that began its life based on the “hackathon” concept has named its first group of finalists.
VIENNA, Va.—When Cutler Dawson took over as CEO of Navy FCU 12 years ago, it was experiencing service issues that can often plague large credit unions. He recalled that at some branches teller lines stretched out the doors, and call center wait times often approached 45 minutes.
BOULDER, Colo.—A small credit union here that serves the Buddhist community has such a tight-knit, loyal membership that only two borrowers have defaulted on loans in 40-plus years.
LAKE FOREST, Ill.–In a significant portion of the market, credit unions have lost their fee advantage on overdrafts.
DALEVILLE, Ala.—Believing there’s far too little collaboration within the movement, execs from four credit unions recently went on a “Learning Journey”—a two-day visit to three progressive credit unions in Georgia to learn how they run their businesses.