ROANOKE, Va.–One small credit union that’s enjoying two very successful lending years—and impressive net income growth—attributes much of that to a change in mindset, something the organization says can be difficult for small CUs to do.
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ST. PETERSBURG, Fla.—It's been eight months since the two long-time CUSOs—PSCU and Co-op Solutions—officially combined and almost four months since the new organization unveiled a new name and branding—Velera. Now, the company is sharing more about what’s ahead.
WASHINGTON—Law firms are moving quickly to file class-action lawsuits against financial institutions victimized by the growing number of ransomware attacks, according to one attorney, who is sharing strategies CUs should be considering before and after an attack occurs.
CHICAGO—As analysts dive deeper into buy now, pay later (BNPL) repayment data, they are going to find the fast-growing payments alternative is actually helping many consumers’ better manage their finances, which runs counter to the concerns expressed by many, according to one analyst.
ROME, N.Y.—One credit union seeking to rebalance deposits from certificates toward core deposits has revamped its checking line, but instead of just dangling a high-rate account, it is also offering a rewards option—and more members have been choosing the latter.
CHICAGO—A record number of consumers enrolling in credit monitoring services signals an opportunity for credit unions to more closely engage with their membership, according to TransUnion.
DETROIT—Credit unions that buy banks tend to be “different” organizations from their peers that choose instead to either grow organically or via mergers, says Michael Bell, who adds a new study from S&P Global supports his perspective.
SAN FRANCISCO—More than ever, credit unions need to be carefully reviewing the auto loan contracts they receive from dealers as the CFPB will hold the lender responsible for any “junk” fee that’s charged.
TAMPA, Fla.—One credit union that has developed a customized buy now, pay later (BNPL) solution believes the path to real success is through attaching the program to debit.
ST. PETERSBURG, Fla.–Speaking on the third anniversary of the “chaotic” final day of the U.S. pullout from Afghanistan, the man who oversaw the jam-packed flights out of the Kabul airport is sharing what he learned that day when it comes to leadership, how to view “rules,” and more.