From providing a micro loan to get a food truck up and running to approving capital for a disabled member’s rehabilitation startup, credit unions helped.
It started simply enough. Bank of America announced, and later reversed, a decision to charge debit card users a $5 fee.
More and more credit union marketers have been taking a second look at their existing membership to find ways to deepen those relationships.
Is Bank Transfer Day more hype than consumer revolution?
Bank Transfer Day was lauded for helping to nudge consumers toward credit unions. It was belittled as mere media hype. It was feared it would only bring in deposits and not loans, which would tip delicately balanced capital ratios.
TMG Financial Services, the card portfolio purchasing and agent issuing arm of the The Members Group, said it grew from both additional card portfolio purchases and from card use last year.
Iowa company Troy Elevator is familiar with starting a business during uncertain times, having gotten its start on the eve of the Great Depression
TMG Card Services, the card portfolio purchasing and management arm of The Members Group, has announced the purchase its 39th and 40th CU credit card portfolio.
Shunned by its bank, an 82-year old Iowa grain elevator company was saved from closing its doors for good thanks to a loan from a credit union.