In place at 624 credit unions is some form of remote deposit capture that allows members to deposit checks from any location using a desktop scanner, high-speed scanner or mobile smartphone camera.
PORTLAND, Ore. — When the business lending slump was at its peak a few years ago, entrepreneurs who were working with Redwood Credit Union and Orange County’s Credit Union were likely immune to the collapse.
PORTLAND, Ore. — During a recent afternoon session on working with government agency loan programs, as two speakers acknowledged that there can be a corn maze of forms, deadlines and updates, someone in the back of the room felt compelled to interrupt.
How do credit unions know how well their business deposit programs are doing? To offer a gauge, CU Business Group LLC’s new Business Deposit Benchmarking Survey collected data from 41 credit unions in asset sizes ranging from $100 million to $4.5 billion.