Limits on credit union CEO compensation present a recruiting disadvantage as the industry braces for massive turnover.
Credit unions seeing 9% to 10% monthly growth rates, compared to 7% mobile growth for banks.
What are members doing on mobile? The data know.
Call CEO pay the credit union governance hot potato. “This is certainly an increasingly hot topic,” said attorney Michael Lozoff, chair of the credit union practice at Shutts and Bowen in Miami.
Trade publications are criticized by some as cheerleaders for their respective industries. They’re captives of the advertisers. Credit Union Times was founded in 1990 to provide unbiased news coverage the industry was lacking. We work incredibly hard to keep it that way, reporting the good and the bad.
Print advertisement next to article about same company in May 23 edition was unintentional but opportunity to explain how things work at Credit Union Times.
A new analysis by Sandler O’Neill underscores how critical the sheer size of financial institutions has become to their surviving and thriving. Yet top performing credit unions are being held back by a systemic lack of accountability.
Despite having a small percentage of business members, some credit unions believe they are now better positioned to grow their penetration in the small business market than they were prior to the start of the financial crisis a few years ago.
The latest, shiniest innovation can be all the rage among credit unions, but the proof ultimately lies in actual member usage.