Aaron Passman is editor of Credit Union Journal, the nation’s leading credit union news resource. He was appointed editor in 2018 after two years as an assistant editor at CUJ and nearly five years as a reporter there. He has worked as a staff writer or freelancer for a variety of publications across the country and is a graduate of the University of Kansas.
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Summit CU has opened what it is calling an "Inspiration Branch".
February 18 -
With multiple loan categories growing more than 10%, 2012 was another solid year at Randolph-Brooks FCU.
February 18 -
A lawsuit involving more than a dozen Wisconsin CUs has gained an additional element with a new suit alleging accounting malpractice.
February 18 -
Surprised at the absence of such solutions to date, one analyst anticipates more CUs-especially smaller credit unions-will have to find partners to deliver on social media in 2013.
February 18 -
It can be easy to show good numbers following a merger, especially if absorbing a small credit union. What takes more work is creating a culture to hit those numbers organically.
February 11 -
Credit union members pay hefty fees at foreign ATMs, so why aren't CUs making non-members do the same when using credit union ATMs?
February 11 -
Credit unions still have plenty of opportunity to boost their non-interest income streams through interchange revenue, but they need to take action now if they don't want to lose that business once mobile and EMV become major players.
February 11 -
A stronger housing market means its time to consider adding realty services.
February 11 -
At least one analyst is concerned credit unions are reversing their own bottom lines when it comes to fee reversals.
February 11 -
Not only should credit unions be making loan applications available online, but they can boost their non-interest income revenue by adding an option for insurance quotes at the end of those applications.
February 11 -
Charlotte Metro CU here saw a nearly 50% increase in product openings after launching a direct mail campaign targeting specific demographics in its membership area.
February 11 -
Thinner margins and decreased separation of duties at credit unions has made the board's role in fighting internal fraud that much more crucial-particularly at smaller credit unions.
February 4 -
evolve FCU here is creating a group of young adult "brand ambassadors" to help increase awareness of the credit union in the community.
January 28 -
Whether it's illegally accessing member accounts, approving fraudulent loans and diverting the proceeds, or just plain stealing cash, internal fraud continues to be an issue for credit unions; in fact, the average claim has increased fourfold in recent years.
January 28 -
Experts interviewed about strategies for preventing internal fraud recommended a number of steps-some more commonly used than others-to augment fraud protection procedures at credit unions.
January 28 -
One person believes that home equity lending could be a major boon for credit union growth in the new year.
January 28 -
It's going to take better onboarding in 2013 for CUs to grow walletshare. That's the word from Sean McDonald, director of business development at Mid-State FCU and chair of the CUNA Marketing Council.
January 21 -
Looking back at 2012, there's a key differentiator between those CUs that made money and those that didn't: expense management.
January 14 -
Expense management is often a key factor in why small credit unions continue to struggle.
January 14 -
As credit unions enter 2013, they are faced with some sobering facts: A small percentage of institutions continue to drive most of the industry's growth, thousands of credit unions' earnings remain flat or in the red, and many analysts are forecasting the situation is not going to be getting better anytime soon.
January 14