Many smaller financial institutions have become increasingly disconnected from the way people live today because they continue to operate on outdated technology that hasn’t kept pace with what consumers need.
With increasing regulation, economic pitfalls, commoditization of financial services, and foreseeable competition from the likes of Google, Amazon, Apple, and cell phone service providers, CUSOs that continue to offer products and services in a traditional business model could become a liability to their credit union clients.
First Tech Federal Credit Union announced the appointment of Gregory Mitchell as its new president/CEO, effective immediately. Mitchell previously served as CEO of Irvine, Calif.-based First PacTrust Bancorp and PacTrust Bank.
Here's an audio-visual roundup of some of the best speakers and ideas shared at the CU Water Cooler Symposium held Oct. 4-5 in Nashville, Tenn.
WASHINGTON —The mobile wallet wars will be over inside two years.
Whether Amazon.com’s commercial lending pilot program succeeds will be determined over time and how its underwriting terms stack up against banks, credit unions and others.
Jeff Marshall typically starts his days early at the Mystic Shipyard, a 169-year old marina with a history steeped in the construction of schooners and iron-clad ships to sail the waterways of New England.
NASHVILLE, Tenn. — Make IT real and make it matter.
A Connecticut credit union won the business of historic Mystic Shipyard. Get the story in this preview from next week's print edition.
Matt Gerber said he’s gotten a lot of calls lately from credit unions with an immediate need they haven’t had before. The examiners are coming and his clients need to prove they have their heads in the clouds.