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.
Newly merged corporate planning economic forum in Atlanta.
Many small on-campus credit unions are particularly feeling the squeeze of product growth demands and face merger pressure.
By most accounts, 2010 should have been a barn burner in the number of credit union mergers, based on rising assessments, the corporate crisis and a bad economy hitting a large part of the country.
Ask senior executives and board members what their greatest challenges are and the responses continue to range from recruitment to board education, and that doesn't seem to be changing anytime soon.