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.
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.
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.
Reports out of Southern California credit unions and from CUNA point to a successful Bank Transfer Day in that state.
One of the first things many credit unions may need to do when collecting on delinquent credit card accounts might be to resolve to simply start doing it.
Nov. 5 has been proclaimed Bank Transfer Day. This public groundswell against Bank of America’s $5 debit fee is a true national movement that aligns well with the credit union mission and credit unions need to hitch themselves to that wagon. Is your credit union prepared?
If a new report is any indication, online banking adoption appears to have reached its limit.
Is your credit union prepared for Bank Transfer Day?