Traditional demographic data no longer provides enough insights about today's members. Psychographics might work better.
Data breaches and reduced interchange income renew interest in cash.
While financial trends are positive overall for credit unions, small shops aren't very optimistic.
A credit union books $290K in holiday loans and brings in another $309K by cross-selling other loans.
With autumn nipping at the heels of the last days of summer, credit unions are already gearing up to roll out their holiday loan programs.
The increase in loan volume results in two consecutive quarters of total revenue growth, the industry's best numbers in five years.
Attorney Michael Bell predicts potentially a hundred such transactions.
The $350M Neighborhood Credit Union's Prize Savings Account benefits both the cooperative and members.
While all asset classes are now reporting loan growth, disparity exists between large and small credit unions, CUNA Mutual says.
Learn how two credit unions recently hit the assets milestone.