Advice on how to keep examiners happy while growing biz loans.
Credit unions have seen quite a bit of membership growth over the last year–much of it due to the consumers’ disdain over the poor reputation commercial banks have earned lately. Credit unions, to their credit, have profited from this consumer windfall and are now showing many of these new-found members...
First Catholic Federal Credit Union and Michigan Catholic Credit Union recently gained regulatory approval to merge. The merged credit unions will assume the new name of Alliance Catholic Credit Union.
Consolidation will produce Alliance Catholic Credit Union with $400 million in assets and more than 46,000 members.
Bluebird service will be available at 4,000 Walmart stores and online.
The numbers dazzle. There are 850,000 enrollees in online banking and in any given month, there are around 400,000 unique member visitors. That is why, for Pentagon Federal, the $15 billion Alexandria, Va.-based credit union, its newly revamped online banking site is a big deal.
It’s been nearly two years since the passage of the Dodd-Frank Wall Street Reform Act, which for the first time since the Great Depression allows interest to be paid on business checking accounts.
In the digital age, with more and more members contacting their credit unions through the Internet or a mobile device, traditional branches can seem a bit quaint and old-fashioned.
Expanding your financial education efforts beyond the classroom walls and drawing relevant parallels from life, including pop culture, may help the lessons sink in.
Competition to retain and win customers is stiff between banks and credit unions.