While some credit unions and banks in more than a dozen states are experiencing an increase in their average deposit rates, they may need to make some adjustments.
Here are a few areas where I think financial institutions could focus their IT dollars to achieve these objectives, while staying mindful of some obvious challenges in the current economy.
Credit union members who live in the picturesque and remote Alaskan city of Sitka have become embroiled in a controversy over how their credit should be run.
For the second year in a row, the $4.3 billion Alaska USA Federal Credit Union has been recognized as Alaska's 2010 SBA 504 Lender of the Year.
Last year turned out to be a good year for local charities thanks to Alaska USA Federal Credit Union.
Five more credit unions have signed up for the vendor management software and services from Quantivate LLC, the company said.
Quantivate LLC said it has signed five more credit unions as users of its vendor management software and services.
The $4.3 billion Alaska USA Federal Credit Union has been recognized as Alaska's 2010 SBA 504 Lender of the Year.
An executive with the $4.3 billion Alaska USA Federal Credit Union said the CU had long planned on returning to shared branching in the California branches it acquired from Arrowhead FCU.
The $4 billion Alaska USA Federal Credit Union is making good on its West Coast expansion strategy this month with the merger of a small but failed Seattle CU.