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Some institutions have seen application volumes rise by more than 300% following the Fed's emergency rate cuts, but there are fears that CUs who bulk up on home loans now could pay the price later.
By Jessica QiaoApril 1 -
Member business loans have been on a roller coaster over the last year and as the pandemic impacts the economy, executives will need to closely monitor these portfolios to catch any problematic credits.
By Jessica QiaoMarch 24 -
Some institutions say the combination of chatbots and social media could entice new borrowers, but burdensome legacy systems may limit their effectiveness.
By Jessica QiaoFebruary 20 -
Slowing sales, decreasing market share and other factors could make it harder for credit unions to grow one of the industry's biggest products in the year ahead.
By Jessica QiaoJanuary 31 -
Consumers may be concerned about a possible economic downturn next year, but credit union marketers have no plans to curtail their spending in 2020.
By Jessica QiaoDecember 16 -
The Mechanicsburg, Pa.-based credit union has revamped its financial literacy offerings to align with in-school curricula on the topic developed by the Pennsylvania Department of Education.
By Jessica QiaoDecember 4 -
Credit unions in the Garden State are frequently at the bottom of national rankings for key financial metrics. Further consolidation is likely needed to help bolster these results.
By Jessica QiaoOctober 30 -
Even with fee revenue already down, Oregon-based Providence FCU has cut its overdraft fees by half. Some analysts say the move could pay off if the economy goes south.
By Jessica QiaoOctober 7 -
Patricia Husic, president and CEO of Centric Financial, had her bank start offering self-defense training sessions for her workforce, roughly 60% of whom are women.
By Jessica QiaoSeptember 22 -
During the past year, Dorothy Savarese has pushed her bank's employees to think more creatively, introducing an innovation contest to facilitate the sharing of fresh ideas within the institution.
By Jessica QiaoSeptember 22