BOSTON—It's time credit unions focus on business payments to not only streamline operations but also retain business accounts that one analyst says are already leaving many credit unions because their business payments processes lag those of banks.
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LOMBARD, Ill.—The prospects for a liquidity crunch are “hit or miss” among credit unions across the nation, says Bill Handel, who adds those CUs now feeling a crunch can count on some relief within the next 12 months. But there are other balance sheet issues developing, he is cautioning
MADISON, Wis.—New research from Filene has found a correlation between credit unions that implement strong internal DEI practices and their bottom line results.
ANN ARBOR, Mich.—Credit union service has undergone a “precipitous decline,” according to one of the authors of a highly-respected national service study, who points to how big banks just keep getting better at digital delivery while “credit unions are headed in the wrong direction.”
RICHMOND, Va.—Three credit unions, based in three different states, have decided to merge, and the pandemic helped them make the decision.
LAKE FOREST, Ill.—With apologies to Bob Cratchit, credit unions should hope for a little more pre-ghost-visit Scrooge this holiday season than post-ghost-visit Scrooge, according to one economist.
ARLINGTON, Va.—It's never been more critical for credit union boards to have a “bench,” says one expert, who notes the strategy not only leads to stronger succession planning but also deepens board member experience and knowledge while helping to avoid reputation risk.
MADISON, Wis.—The quickly changing overdraft landscape requires credit unions to take action, as the service is increasingly out of step with the new financial landscape, new data from the Filene Research Institute reveal.
RANCHO-CUCAMONGA, Calif.—Expect consumers to spend less this holiday season, but when they do, more will be using credit, predicts Co-op Solutions, which also has some suggested strategies CUs can use to capture their share of the end-of-year dollars.
DENVER—The choice is clear for every credit union: Innovate, or go out of business, according to one person. And if the former is the CU’s choice, there are three things to do.