An Internet trailblazer and former banking executive are the unusual pair behind the chartering and eventual launch of the newest federal credit union.
Time is money, and entrepreneurs never seem to have enough of both. This is particularly true for small business owners who can spend hours filling out a tsunami of documents to apply for government-backed loans. And when the exhaustive paperwork finally plods through an esoteric loan processing system, all small business...
Big data may be the phrase of the moment in marketing but, for some credit unions, it is already plumping up the bottom line.
The puzzlement on the part of some experts is thick. At the very time when some companies and community banks are rushing to put more of their data and applications into the cloud, some experts have noticed that, for the most part, credit unions are staying on the sidelines of...
Using two separate platforms for online banking and electronic bill pay services led to unnecessary hassles for the $1.3 billion American Eagle Federal Credit Union.
Financial institutions around the world were recently frightened again by news of a massive attack that siphoned nearly $2.5 billion from commercial accounts held at multiple financial institutions in the U.S., Europe and Latin America.
CU*Answers said it has finished converting the $43 million, 5,800-member Greensboro Municipal Federal Credit Union to its CU*BASE core processing system.
A radical culture change in the workplace and a shift in how collection efforts are carried out have helped two credit unions in the Midwest grow their loan portfolios well above the industry’s national average.
Already noted for using novel arguments in favor of moving from a credit union to bank charter, the 69,000- member $1.6 billion Technology Credit Union has also introduced a new approach into the question of how member communications in converting credit union should be handled.
Web seminar with Editor-In-Chief Sarah Snell Cooke and credit union executives reveals how a change in collection efforts led to a surge in loan portfolios.