Shifting consumer attitudes, compressed margins, new competitors and everchanging technology provide impetus for credit unions to drive their assets. Such as with TMG Financial Services’ innovative credit card portfolio investment opportunity. Des Moines,...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
New Jersey, Massachusetts Mourn the Loss of 2 CU Leaders
The New Jersey Credit Union League said Glenn South, president/CEO of the $99.3 million County Educators Federal Credit Union passed away Thursday while waiting for a liver and kidney transplant at the NYU Langone Medical Center in New York City. He was 58. The $583...
CU Compliance Rules Need Clarification
The U.S. Government Accountability Office (GAO) released a report this week showing that, for the most part, privately insured credit unions are doing an excellent job keeping up with regulations. But, according to the GAO report, there appears to be some confusion...
Wells Fargo Brand Still Tainted, Hurting Reps & Recruiting
Wells Fargo has reached a $110 million settlement with its bank clients tied to as many as 2 million fake accounts. This news comes about six months after the bank agreed to pay $185 million in fines and penalties to federal regulators and the Los Angeles city...
Video Banking Produces Benefits, Customer Adoption Rate Lacking
A new survey shows financial institutions are seeing benefits from video banking but only a small percentage of their customers are using the service. The joint report, coauthored by CUNA Strategic Services, Vidyo, a video communications technology provider and Efma,...
Temporary Discomfort Opens Doors to Success
“The introduction of something new,” or, “a new idea, method or advice.” According to m-w.com, that’s the definition of innovation – a word that’s as prevalent in the credit union industry as deposits or members. It often...