Investing and stock trading isn’t typically at the top of members’ to-do lists, especially young members’ lists. And it’s not a priority for most credit unions either. In fact, according to Hendrix Niemann, managing director of practice and wealth management services for CUNA Brokerage Services Inc., about 1,000 credit unions...
A trusted disaster recovery plan not only ensures credit unions that their data will be safe should a system failure occur, Federal Financial Institutions Examination Council examination guidelines require financial institutions to have one in place.
Doubt has been swirling around the potential widespread use of near field communication, or NFC, a technology that links consumers’ mobile phones to merchants’ point-of-sale terminals, enabling instant mobile payments. Apple released the iPhone 5 without an NFC chip, leaving millions of consumers out of the NFC equation.
Helping members manage their money with personal financial management tools is a win-win move for credit unions and members. Add a mobile alert feature that keeps members on top of their spending 24/7, and they may be even more likely to improve their habits.
A new report from FICO Labs states U.S. student loan delinquency rates climbed by nearly 22% in the past five years.
Repetitive yet necessary tasks such as counting cash and scanning checks steal away precious time that branch employees could be devoting to servicing their members.
As many credit unions learned recently during Hurricane Sandy, disasters can happen. Especially in storm-prone coastal areas, it’s important for credit unions to have reliable back-up plans for their data should a weather-related catastrophe strike.
Reducing deposit fraud cases is an important goal at any credit union. At University Federal Credit Union, one incident in particular triggered the need for a new solution that would allow it to take a preventative approach against this common form of fraud.
Change expands variety of loans available.
The 2013 payout — ESL FCU’s 17th annual — brought the New York credit union’s total to more than $94 million since 1996.