In another effort to drive in more business, some auto lenders, including credit unions, may be more willing to be flexible with credit-challenged consumers.
Around 10% of credit unions looked to upgrade their core banking systems last year, marking a significant increase from the historical percentage average of 4% to 5%, according to two new reports from Boston-based financial research and consulting firm Celent.
Credit bureau suggests more consumers taking out auto loans and paying them on time
In the mobile retail banking vendor race, some runners are way ahead of the pack, while others lag far behind.
Throughout the past 10 years, many vendors and CUSOs have witnessed credit unions convert from SEG-based charters to community-charters.
CUSOs and vendors agree that mergers in the credit union industry continue to have an impact on their business models, but it's not necessarily a negative one.
The Members Group has introduced a tool that its client credit unions can use to analyze their card data at the level of the individual card holder and integrate it into other member data.