Growth strategies

Two Utah credit unions – Ogden-based Goldenwest CU and Health Care CU in Salt Lake City – on Thursday announced their intent to merge.

In its biennial survey, the Federal Deposit Insurance Corp. found that in 2015, 7% of U.S. households were unbanked, marking a 0.7% drop from 2013.

For all the talk of various generations defined by birth year – baby boomers, Gens X and Y, and millennials – Brian Solis says there is a new generation for businesses of all types to focus on: Generation C, the Connected Customer.

With older Americans living longer and many younger folks saddled with crushing student loan debt by the time they finish college, adults caught in the middle are being referred to as the “sandwich generation” because they are supporting both younger and older family members.

Psychological studies have found if people are given too many choices, they either do not make a choice, or they take a really long time to decide.

CUNA Mutual Group Chief Economist Steve Rick said in the firm’s annual online Discovery Conference that most credit union growth metrics should continue to improve in 2017, though membership growth may begin to slow down.

In honor of International Credit Union Day, Credit Union Journal offers its annual Day in the Life of Credit Unions project in which CUs are invited to take photos throughout the day on the same day to illustrate the typical—and sometimes not-so-typical—day at a credit union. Because no matter what day it is, credit unions are living out the mission helping to improve the lives of their members and the communities they serve.

The first-ever week-long celebration of credit unions in the Nutmeg State is timed to coincide with International Credit Union Day.

Credit unions in Maine surpassed $7 billion in assets for the first time ever and reported membership gains even as the state’s population levels off.

The latest Filene study is the first research report to emerge from the "think and do" tank's Center for Consumer Decision Making.