When it comes to buying a car, many members of Communicating Arts Credit Union face choices limited to buy-here-pay-here lots with some rates as high as 20% or more.
Would you apply for a car loan using an iPhone? Or a home mortgage?
Some people just don’t get it. The Filene Research Institute released a new report, “Finding Sustainable Profits: Green Lending in Credit Unions.”
Jeff Russell may have started working with credit unions as a college freshman simply because the position at The Members Group paid better than food service, but the president/CEO of TMG Financial Services has since become credit unions' biggest advocate.
A Tampa Bay teacher has sued the 511,000-member $4.9 billion Suncoast Schools Federal Credit Union in Florida court, charging the CU repossessed her car after she fell behind on her mortgage payments.
While credit insurance and debt protection have been long-time staples for credit unions as part of their loan add-on product suites, some experts noticed that they are becoming more of a priority as the industry continues to seek new noninterest income streams.
There’s a special kind of member we’ve heard a lot about recently. They’re the types who come in for a car loan or a credit card or, more recently, move their money from a big bank to a credit union. And after that initial transaction, they go quiet.
Is Bank Transfer Day more hype than consumer revolution?
Fourteen new members in past hour. CEO says, "It's amazing, the flow of traffic in our lobby."
More people still likely to switch, experts say.