Fintech

No doubt the recent economic challenges have offered many lessons to credit unions. For Louisiana Corporate, three stand out.

RAPID CITY, S.D.-The Credit Union Association of the Dakotas is hitting the road this summer to spread the word about credit unions.

SAN DIEGO-The message from David Polet sounds strikingly similar to an elementary science lesson: For every consumer intention there should be an equal and opposite credit union reaction.

Last fall, the Occupy movement encouraged frustrated customers to flee big banks in favor of credit unions and smaller banks. On the ground, it had mixed results. But large banks shouldn't get cocky. The perception that they are disconnected from their audience persists.

Patelco Credit Union identified a few strategies to better weather the economic hardships over the last few years.

The lesson learned is that with a clear vision the credit union pulled together to serve our members with what they really needed in lean times — a safe, and secure place to save, borrow, and plan for the future.

Russia's Neyva Bank has launched a virtual prepaid Visa card that is it issuing through its ATM network. And it completed the task in roughly two weeks.

LANCASTER, Penn. – Four local credit unions have signed on to a new city program aimed at outreach to the area’s unbanked population.

COLORADO SPRINGS, Colo. – Ent FCU, a community charter with several air force bases in its field of membership, has created a new position of Military Relationship Manager who will work closely with military base service centers at Peterson, Buckley and Schriever Air Force bases to expand the credit union’s relationship with military members.

VENTURA, Calif. -- Ventura County CU has a goal of saving its members a total $5 million in 2012 by helping members refinance their high-interest car, home, Visa or personal loans.