Credit Union Times Magazine May 8, 2013
Somebody is winning. Somebody is losing. Just don’t expect an easy to decipher who will win the battle in this update on the credit union core systems war.
Although there are more than 93 million credit union members, only 40 million use a credit union as their primary financial institution. So is there any way to convince the remaining 53 million members to bank at a credit union for their day-to-day financial needs?
If it’s all about location, location, location when opening a business, credit unions may want to pay attention to several cities in Florida, California and Texas.
Front Page News
The Consumer Financial Protection Bureau released its final remittance rule April 28 and gave providers six months to comply, setting an Oct. 28 effective date. The bureau had originally proposed a 90-day compliance window following its release of the final rule.
CHICAGO — Both the need to innovate and the possible pitfalls of doing so were on the minds of executives attending CO-OP Financial Services THINK 2013 conference last week.
CHICAGO – Two speakers from the worlds of politics and music inspired credit union executives attending CO-OP Financial Services THINK 2013 conference.
Five of the eight winners of the Center for Financial Services Innovation second round of Financial Capability Innovation Fund awards are either offshoots of credit unions, have credit unions partners or have a history of working with credit unions.
I almost fell off my chair after reading the Editor’s Column, “Work Fundamentals until You Ache and Win” in the April 24 issue.
The audience at CO-OP’s THINK conference was enthralled with Newark Mayor Cory Booker’s story of working to clean up his city. They were entranced by the sprite-like singer Daria Musk’s atypical rise to stardom, not to mention her powerful voice. Both speakers brilliantly met the expectations set by theme of...
In a sweeping order that delays proceedings on eight pending NCUA lawsuits against Wall Street banks over mortgage backed securities sold to failed corporate credit unions, U.S. District Judge John W. Lungstrum said April 29 that he will wait for the result of a related appeals court ruling, citing concerns...
On-Site Conference Coverage
ST. PETERSBURG, Fla. — While the long-term payments future remains optimistic for credit unions, the 2013 annual conference of Card Services for Credit Unions revealed the immediate payment path continues murky and expensive as ever.
Letters to the editor
Regarding Editor-Chief Sarah Snell Cooke’s column in the May 1 issue: Attracting and retaining qualified board members are critical challenges for credit unions. Similarly, board members deserve recognition for their responsibilities and also for their time, work and contributions. There is no debate about these points.
As the number of members using online banking continues to grow, credit unions are capitalizing on that trend by investing in solutions that have expanded opportunities to cross-sell products, increase brand awareness and enhance services.
Credit union marketers searching for the best way to reach their members can dig into an overflowing toolbox today, ranging from traditional approaches such as direct mail to new options like Twitter and whatever else is currently “in.”
As a credit union leader, you understand the importance of providing members with an enjoyable and efficient online experience when they interact with you. A bad experience can drive away people and create a negative impression of your credit union quicker than a good experience will leave a positive impression.
Simply put, experts, consultants and closers reliably produce superior outcomes in sales.
Hirings, promotions, retirements among credit union people.
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