Growth strategies

There are a variety of opinions on how CUs can best position themselves to capitalize on the Wells Fargo scandal, but one thing is clear: the time to do so is now.

Bank Transfer Day is set for a comeback following the Wells Fargo cross-selling scandal, but credit unions are warned not to expect the same type of mass consumer migration they saw five years ago.

More CDCUs received grant funding this year, but the overall total awarded to credit unions was down slightly from 2015.

NCUA’s quarterly map of state-by-state growth details overall gains for the industry but more of the usual bad news for smaller CUs.

CUs in Wisconsin and Alabama sign on with CUSO's NPS technology

More than 50% of millennials can't distinguish between CUs and banks, indicating that credit unions still face a significant awareness gap with younger consumers.

Latah FCU has converted to a state charter with private share insurance, citing NCUA's potential for interference in the credit union's operations through its management of the share insurance fund.

Financial institutions may have a reputation for being old-school, but their rapidly growing digital-ad budgets are in step with the rest of the business world. Credit unions and banks can both gather valuable demographic data from who clicks on their ads and better measure returns on their investments.

Pentagon Federal Credit Union in Alexandria, Va., has agreed to acquire Clovis, N.M.-based High Plains Federal Credit Union.

Strategic Resource Management (SRM) said it has launched a consulting focus area dedicated to helping credit unions and banks capture maximum benefit from vendor contracts during and after a merger or acquisition.