With a field of membership steeped deeply in the heart of Silicon Valley, Stanford Federal Credit Union knew that it was sitting on a bevy of untapped opportunities to provide more investment services.
The hot must-have technology in banking today has to be mobile remote-deposit capture, software that lets members take a photo of a check with a smartphone camera and, presto, it’s deposited into their account.
It’s been nearly two months since Paul Sheahan was hired to oversee the business lending department at Anheuser-Busch Employees’ Credit Union and its division, American Eagle Credit Union.
Bluebird, the new prepaid card product being rolled out by Walmart and American Express, will provide banks and credit unions with additional competition in transaction accounts and technology.
Under the leadership of a new chief executive, the National Federation of Community Development Credit Unions has set its sights on helping the 623 credit unions that have accepted NCUA's offer for a low-income designation take advantage of their new status.
NCUA Chairman Debbie Matz and Board Member Michael Fryzel stuck to a controversy-free agenda during the agency’s October board meeting last week.
The buzz phrase in marketing circles these days is big data and, lately, just about every business is scurrying to harness techniques for better analyzing the mounds of information they have to make more money.
Michigan State University Federal Credit Union in East Lansing has upgraded its mobile banking presence.
Ten more credit unions signed with Lending Solutions Inc. in the third quarter as users of its contact center services and consulting programs, the Elgin, Ill., company said.
The 117,100 members of the $1.1 billion Idaho Central Credit Union can now use mobile check deposit on their smartphones and tablets.
Three more Southern California credit unions will be moving to the CU*BASE core processing platform through CU*NorthWest, the company said.
More than a third of Dow Chemical Employees’ Credit Union’s membership signed up for mobile banking in the first two months since it launched this summer, the $1.4 billion Michigan credit union said.
CU*Answers said the $48 million Greater Niles Community Federal Credit Union in Niles, Mich., is now running on technology from the Grand Rapids, Mich., CUSO.
More than 900 applications have now been downloaded from Open Solutions Inc.’s software application store since the service launched in May 2011, the company said.
Doug Petersen, president/CEO of the $880 million Workers’ Credit Union in Fitchburg, Mass., recalls asking the president/CEO of a small credit union why he chose Workers’ to consider a merger deal.
Various segments of credit unions are in great denial regarding the world around them.
International Credit Union Day is a celebration held around the globe on Oct. 18. and more than 196 million credit union members belonging to over 51,000 credit unions in 100 countries worldwide will be invited to celebrate International Credit Union Week with their credit unions.
Connex Credit Union, a $376.9 million credit union in North Haven, Conn. is generating chatter among local young adults through a special marketing internship position for college students: the vice president of unbanking.
A new report released last week by the Filene Research Institute indicates that SaveUp, the first free nationwide rewards program that encourages Americans to save money and pay down debt, had a positive impact on savings behavior among those who participated in a six-month pilot study.
The 4,700-members of Stamford Federal Credit Union in Stamford, Conn., are now being offered the triple play in mobile banking.
The Credit Union Executives Society has named Martin D. Gillis, board chairman at Windsor Family Credit Union, Windsor, Ontario, as the 2012 CUES director of the year.
Rep. William Lacy Clay (D-Mo.) is a co-sponsor of H.R. 1418, the Small Business Lending Enhancement Act, and H.R. 3993, which would allow credit unions access to supplemental capital.
Has the entire State Employees’ Credit Union, North Carolina Credit Union Department and NCUA situation become irritating, tedious and disappointing to anyone other than me?
Patrick La Pine, president/CEO of the League of Southeastern Credit Unions, said he is looking forward to working with Florida’s new commissioner of the Office of Financial Regulation, Drew Breakspear.
A combination of less-generous rate incentives from new vehicle sellers and aggressive rate pricing is accelerating the growth of new car loans at credit unions.
According to comment letters regarding the Consumer Financial Protection Bureau’s proposed mortgage servicing rules, credit unions are strongly opposed to changes in disclosed annual percentage rates, and are also asking for more time to implement the final rules.
Tax increases? No. Spending cuts? No. Vote for the incumbent? No. Trust our leadership? No. Merge my credit union? No!
Pick up any current best-selling marketing book, and you’ll find a section on product differentiation.
In today’s competitive marketplace, businesses find themselves constantly challenged to grow and evolve if they want to succeed and not be deemed old fashion or out-of-date in meeting the demands of customers.
Whether we want to admit it, teens are intimidated by all financial institutions whether it is a bank or a credit Union. But why?