Fintech

GCS FCU is continuously moving along with the economy. The credit union has implemented strategies to help deal with these ever-changing times and to better serve its members.

Living through the recession has taught credit unions the importance of liquidity management.

Lesson number one: just because Fed Funds is at zero it doesn't mean rates can't fall further.

During the recent recession we have observed members have taken a more conservative attitude regarding debt and have increased their savings. As a result, our assets have grown tremendously and our loan-to-share ratio has decreased.

Credit unions across Ohio have learned since the economy collapsed in 2008 that it's not a bad thing to be called conservative, said Becky Hart, SVP of advocacy for the Ohio CU League.

The concept of saving money and driving revenue has become part of the fabric of ArrowPointe FCU since the recession.

Steven Sobotta, Director of Marketing at Actors FCU, said belt tightening and alternative income strategies were discussed right before the economy tanked, proving right the old adage that prevention is better than a cure.

In looking back over the last couple of years there have been a lot of things Xceed has learned as we have navigated through these turbulent economic times.

There are seven lessons we learned or re-learned as we have survived the worst state economy in the nation during the past five years, says Wayne Tew, president and CEO of Clark County CU.

NEW YORK – Target Corp., one of the biggest retailers in the country, joined groups including the National Association of Convenience Stores in opposing the proposed $7.25 billion settlement of a lawsuit brought by a group of retailers against Visa and MaserCard and a dozen large banks.