Fintech

Leaders of eleven American Catholic credit unions announced today the formation of a collaborative association, Catholic Credit Unions of America (CCUA).

Financial institutions have a hard time figuring out millennials, those born between the early 1980s and 2000. Many millennials don’t remember a world without the Internet, plenty entered adulthood during the thick of the financial crisis and the generation is broadly considered one willing to vote with its feet. Several firms have tried to demystify millennials for credit unions and banks. The following is a look at some of the data.

For the next three years Scott Credit Union will sponsor Major League Baseball's St. Louis Cardinals franchise, winners of 11 World Series.

Two California credit unions, Eagle CU in Lodi and UNIFY Financial CU in Torrance, plan to merge.

Green Dot Corp., the prepaid debit-card company, agreed to split the roles of chairman and chief executive officer.

The University of Hawaii Federal Credit Union reported $1.3 million on assets of $583 million for the first quarter.

RushCard has agreed to a preliminary settlement of $20.5 million to resolve thousands of customer claims that their accounts were frozen last year.

Like any long-term relationship, Walmart and Visa have had their ups and downs. Sometimes these interactions were solely between the two companies; but many times, Walmart and Visa's conflicts gave a voice to the entire retail and payments industries.

Philosophically speaking, credit unions are member-centric, but in order to stay in business so they can keep helping those members, here are some expert strategies for boosting profitability.

Despite recent major gains in loans and membership, CUs have seen costs rise while other key ratios — such as ROAA and net interest margin — have slipped, calling for a focus on cutting costs.