Fintech

Credit unions' quickest path to growth in 2013 begins at home.

Beating auto dealers and captive finance companies will be key to auto loan growth in 2013, and one vendor has introduced a solution to help CUs do just that.

One credit union sees no need in 2013 to alter a business model that led to 24% loan growth last year, boosted earnings 59% year over year, and has ROA above 2%.

Credit unions looking to continue growing in 2013 should look no further than the humble checking account, according to Dennis Dollar.

This year Shreveport FCU will focus on making more micro-loans to help small businesses in the Mississippi Delta and Shreveport areas.

To proceed with growth strategies to reach the Hispanic market, the CU must first understand the unique characteristics of the local Hispanic population.

Dollars invested into marketing this year should produce solid growth returns, observed one person who believes a great deal of the member growth CUs enjoyed last year can be credited to bank errors.

Credit unions can drive product growth in 2013 by going back and taking a fresh approach to an old standby: their websites.

For Jersey Shore FCU, much of its focus in 2013 will be on looking to rebuild its auto loan portfolio, as well as what is projected to be more than a year-long effort to recover from Hurricane Sandy.

At a time when a majority of credit unions are not growing at all, Glendale Area Schools FCU has had to put its emphasis on controlling growth.