What better way to get a gauge on how deft members are with their financial planning and investment goals than to test the employees at their credit unions.
Filene Research Institute expert panelists agreed that credit unions need to do more than just pay lip service to the digital revolution when it comes to marketing.
Come 2030, credit unions will be in business serving up some kind of financial services, essentially one generation removed from today. However, getting there will be as wrenching—as full of dislocations and pains—as was the shift from 1950s-style credit unions with no share drafts into today’s full-service financial supermarkets.
In this print preview from next week's edition, experts look at what the industry may look like a generation from now.
Check out this article and the slide show that follows to see how some credit unions are getting creative to help build young adult membership.
Despite a lingering lending slump, several credit unions managed to grow their loan portfolios by more than 5% during the Great Recession.
Is Bank Transfer Day more hype than consumer revolution?
More people still likely to switch, experts say.
Researchers find some increased cost efficiencies, lower loan rates and higher deposit rates.
A new study conducted by Lake Bluff, Ill.-based economic research firm Moebs Services reveals that since the Federal Reserve’s August 2010 implementation of Regulation E, which requires financial institutions to receive consumer approval prior to cover debit card and ATM overdrafts, CU overdraft transaction prices have remained flat at $25.