The dinosaurs didn’t have the brains or the tools to see it coming, but credit unions do.
Annual report shows agency closed or merged 245 credit unions, while overall membership, savings and lending grew.
Key numbers reported by Fiserv in its latest Consumer Trends Survey include that online bill payments account for 50& of all bill payments made by U.S. households with Internet access.
The free service allows consumers to transfer pre-authorized payments and deposits from their old bank account to their new Texas Trust account.
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.
Some people just don’t get it. The Filene Research Institute released a new report, “Finding Sustainable Profits: Green Lending in Credit Unions.”
As we emerge from turbulent economic times, the desire to return to sustained portfolio growth has been a clear trend in mature credit markets.
Credit unions in California and Oregon enjoyed a surge of new members on Bank Transfer Day, as well as on the days leading up to Nov. 5. To encourage new member signings, some CUs kept branches open during extended hours while others marketed Bank Transfer Day promotions.
If the marketing call to action for 2011 has been loans, then looking at common challenges through a new lens will be equally important in 2012.
Reports out of Southern California credit unions and from CUNA point to a successful Bank Transfer Day in that state.