We consistently hear from our credit union partners that they continue to focus on ways to differentiate themselves in a commoditized market. This is a challenge.
In their quest to comfortably cover operating expenses with help from noninterest income, several credit unions said this year, they’ll mostly rely on NSF fees and interchange income, followed by income from insurance products and monthly service fees.
WASHINGTON — At GAC, TruStage released a survey of more than 1,600 credit union members that found many are waiting longer for major purchases.
Risk evaluation, insurance and bond solutions for directors and officers among services offered.
When CUNA Mutual Group set out to shake up a program that had grown a bit disjointed, the company went straight to members and credit unions to gather feedback on what changes needed to be made.
What is competition? According to the Business Dictionary it is, “a rivalry in which every seller tries to get what other sellers are seeking at the same time; sales, profit and market share by offering the best practicable combination of price, quality and service.”
Connex Insurance Services, a division of Connex Credit Union, announced it recently purchased CPM Insurance Services.
Matching contributions to employee 401(k) plans had either been scaled way back or completely eliminated as firms looked for ways to rehydrate dry revenue streams to weather the Great Recession years of 2008 and 2009.
Some companies are matching contributions again. Find out more in this print preview from next week's Credit Union Times.