Fintech

When $984-million First Entertainment Credit Union was seeking to generate $5 million in auto loans and to raise its awareness among potential members within the local community, it decided to face the music.

Spire FCU has found a way to lift attendance at its annual meeting from 150 people to more than 1,000.

Diamond CU developed a “lending roadmap” that it credits for 9% loan growth the first half of the year–without any rate promotion.

An investment in marketing by Upper Cumberland CU has jolted lending and led to a tripling of ROA in one year.

Brewery CU has shifted its efforts from serving the Brewery Workers Union to finding creative ways to bring financial services to poor and underbanked communities, earning it a Best Practices award from Credit Union Journal.

Spotting a need in its market for a no closing cost mortgage, Associated CU here launched its own, netting nearly 300 loans, more than 85% of which were new to the CU.

GFA FCU has seen increased efficiencies and savings of more than $54,000 since shifting to a “Lean” culture.

First Data and Fexco Merchant Services, an Irish-based transaction processor, have expanded First Data's GlobalChoice dynamic currency conversion into Canada.

WYOMISSING, Penn.--Utilities Employees Credit Union, a virtual credit union serving the U.S. utility and energy industry nationally, has rolled out a new product for members who have had difficulty obtaining a checking account at other institutions.

CO-OP Financial Services has released a white paper that focuses on definitions P2P/digital wallets and enabling technologies, a review of key industry developments, and CO-OP's own recommendations for credit unions considering P2P/digital wallets adoption.