When it comes to lower income and underserved consumers, the chief challenge facing some mainstream credit unions and banks may not be how to serve them competitively but whether to serve them at all.
A few months after buying it, CO-OP Financial Services has rebranded the former Corporate Network eCom bill pay operation as CO-OP Bill Pay.
Big CUSO rebrands, relaunches former Corporate Network eCom operation bought earlier this year from U.S. Central Bridge.
The financial industry has become its own worst enemy where fees – even nominal ones charged for exceptional products and services – are concerned.
When Credit Union Times asked Fred Johnson, president/CEO for Credit Union Executives Society, what he sees as an emerging trend in the way credit unions are run, one of his responses was “collaboration.”
While the 550,000 policyholders of the newly restructured CMFG Life Insurance Co. may not see any substantial changes, the firm’s parent company is looking forward to how the move will help it diversify and expand beyond the credit union industry.
CUNA Mutual Insurance Society, CUMIS Insurance Society and MEMBERS Life Insurance Co., have filed suit against RBS Securities Inc. claiming that the firm made false representations of its offering documents at the time that more than a dozen residential mortgage-backed securities were purchased by the three plaintiffs.
Company accuses RBS Securities of "inducing" it to buy certificates through false representations.
Largest of credit unions says new account openings jumped 39% in October, 23% for the year.
The 204,000 members of the $3.2 billion Ent Federal Credit Union in Colorado Springs, Colo., can now deposit checks using the cameras on their iPhones and Droids.