Banking

Change in strategy to lure new customers; new FHFA director wants to make Fannie, Freddie “stronger, healthier."

The information you need to start your day, from PaymentsSource and around the Web. Today: Sony's new ride sharing app; bitcoin advances for debit and e-commerce; eBay may invest in Paytm Mall; Washington Caps add Alipay.

Credit unions have measures in place to assist members hit by fraud but many smaller institutions are challenged when it comes to an effective response.

Leaders in bank innovation have ideas for improving financial services with high-speed, highly responsive 5G networks — ideas they say could be implemented relatively quickly.

The Salt Lake City bank saw growth across all lending categories and an improvement in credit quality. It also said it has finished the second of three stages in its multiyear conversion to new core-banking technology.

The acquisition also includes $525 million in deposits and $120 million in loans.

The bank is investing more in its digital capabilities, according to The Cincinnati Enquirer.

Credit union professionals offered insights into how technology is changing the collections process during the recent National Credit Union Collections Alliance conference in Las Vegas.

The settlement comes as Navy makes history by becoming the world’s first credit union to exceed $100 billion in assets.

The two banks, which plan to complete their merger by early fall, have little geographic overlap, so they can keep lending teams in place and push for immediate loan growth, according to Craig Dahl.

The bank is expecting to benefit from the discount airline's first flights to the Aloha State even as a white-hot local housing market starts to cool.

The Minneapolis bank will open about 10 branches in North Carolina's largest city by the end of next year, adding to already intensifying competition among big banks.

Spokane Teachers Credit Union will transfer the assets and liabilities to a nearby branch.

On Dec. 31, 2018. Dollars in thousands.

On Dec. 31, 2018. Dollars in thousands.

Columbia Banking CEO Hadley Robbins says he's confident the bank can grow on its own as the number of buyout targets in the Pacific Northwest dwindles.

With just $22 million in assets, Manchester Municipal Federal Credit Union has millions in student loans on its books and never recorded a charge-off.

Banks say easing rules on people with some criminal records will diversify the applicant pool; deal with Synchrony may be near.

The information you need to start your day, from PaymentsSource and around the Web. Today: Visa's new APIs; Coffee battle in China; PayPal wins a patent to battle ramsonware; Coinbase expands; India leaves crypto out of sandbox.

Getting consumers to switch to electronic statements is difficult but there are a few strategies credit unions can try to encourage them to go digital.