TACOMA, Wash.—Should a credit union seek a community development financial institution (CDFI) designation?
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GRAND BLANC, Mich.—One credit union ranked highly for performance and which has an eye-opening 1.89% ROAA, says its formula for success can survive even if some deep fee income cuts should lie ahead courtesy of the CFPB.
PHILADELPHIA—The need to cut costs as fee revenue declines is leading an increasing number of credit unions to focus more on back-end auto lending solutions, including digitizing workflows, according to one new analysis that also found CUs expressing greater interest in auto loan securitizations.
CHICAGO—Consumers want to be involved in the fraud fight, but financial institutions are doing a poor job of helping them by providing only the lowest levels of education and then expecting people to be effective, according to TransUnion.
ST. PETERSBURG, Fla.—That Uber Eats food delivery that arrived quickly after being ordered on a convenient and simple app has changed what members expect from their credit unions, even if those same members don’t realize it.
SEATTLE—Sure, it’s an eye-grabbing rate, but Express Credit Union’s 9% one-year CD has turned out to be a lot more popular than the cooperative ever expected.
TACOMA, Wash.—The Environmental Protection Agency’s $27-billion Greenhouse Gas Reduction Fund is the largest climate investment in U.S. history--and it’s also the largest grant opportunity ever presented to credit unions, according to one firm that is sharing advice on when and how CDFIs—and all credit unions—can apply for the dollars.
DES MOINES, Iowa—One credit union that has received a national award for performance contends the success and honors are about much more than just financial data.
HARAHAN, La.—The leader of an organization that has opened a “No Credit Union Left Behind Store” is suggesting CUs perhaps look to the Peace Corps for answers to the challenges facing small credit unions, among other ideas.
URBANA, Ill.— There’s a growing homeowner market in this country—younger, successful consumers with high-paying jobs—who need a little help to get into their first home, according to University of Illinois Community Credit Union.