Fintech

MADISON, Wis.-Credit unions will continue to grow-but at a slower pace if they do not obtain continuing education for directors, and lending staff when the CU seeks to enter into or expand business lending.

BIRMINGHAM, Ala.-Credit unions this year may find overall growth a challenge, but targeted growth can be accomplished even in tough times, insists Dennis Dollar.

BROOKFIELD, Wis.-This is the year in which if credit unions are to grow, they will need to find that growth internally, predicts Fiserv, which recommends stronger data-mining and relationship-building tools to get the job done.

PLEASANTON, Calif.-With shrinking capital a concern for many credit unions, growth opportunities should also drive greater efficiency to preserve the bottom line, stressed Sam Kilmer.

LINDEN, N.J. — Budget constraints dictate that CU expansion will shift toward online channels as opposed to branches, but one person is emphasizing CUs must also budget for marketing and training resources in order for those electronic services to pack a real punch.

SCOTTSDALE, Ariz.-Credit unions will have to fine tune risk-based lending in 2011, because loan growth opportunity is with less-than-perfect paper.

REDWOOD CITY, Calif.-In the automotive remarketing and recovery sectors, there are a number of new opportunities for credit unions to grow beyond the traditional methods CUs have deployed for selling and marketing used vehicles.

SHELTON, Conn.-With 10,000 Baby Boomers turning 65 every day, CUs can drive growth by becoming the trusted financial partner for individuals heading into retirement.

LOMBARD, Ill.-In the "post-free" era, credit unions will have to institute relationship pricing to substantially grow in 2011, according to one analyst.

HOUSTON-From one analyst's perspecitve, 2011 is the year in which CUs must accept the fact they will have to start charging more fees to remain profitable and grow-but they must do so while also giving members something in return for the extra costs.