Bonus dividend payouts are a true differentiator for credit unions as they compete against banks, and in a year when big banks made headlines for proposing unwanted fees, year-end member cash rewards carry even more weight for CUs looking to stand out in the marketplace.
Fresh out of college a few years ago, Tyler Leonhardt accepted a position at Bank of America.
Eleven credit unions in the past 16 months have been added to the client list of approximately 160 financial institutions served by Financial Services Inc. of Glen Rock, N.J., the company said.
A new e-statement module is saving the $116 million North Shore Federal Credit Union in Grand Marais, Minn., about $900 a month, said the credit union’s online banking vendor, AgilityFour of Dandridge, Tenn.
Account opening, online banking vendor sees new members signing up by droves at customer credit unions.
After seven months in operation, Chippewa Eagle Federal Credit Union in Mount Pleasant, Mich., has reached the $2 million mark and is nearing a thousand members, the credit union and its core processor said.
Philadelphia credit union's CEO puts bank bashing aside, tweaks marketing budget and focuses on expansion.
Minnesota CU says $900 a month in savings so far.
Chippewa Eagle FCU in Mount Pleasant, Mich., has reached the $2 million mark in assets in its first seven months of operation.
What might look like a typical thumb drive to members of Northern Lights Federal Credit Union may actually be what regulators consider a top-tier secure and compliant way to access the Internet for online banking and shopping.