EPS growth of 20% in the fourth quarter helped propel the year-end figure to the new record, the company said.
Credit unions confront a very challenging operating environment today. They face strong member demand for many cutting-edge financial products and intense competition from other financial institutions.
The 159,000 members of the $1.7 billion NEFCU in Westbury, N.Y., can now choose to protect their online banking presence with the use of Trusteer Rapport cybercrime prevention software, the company and credit union said.
Long Island credit union will offer free browser-based protection to members.
Customers of big British bank roiled at required use of new online "secure keys."
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.
The plight and protection of small U.S. credit unions came in for new scrutiny last week following a controversial think tank study by Celent, the Boston research firm, finding that CUs under $50 million are fast disappearing under the weight of tech products, competition, compliance and their own “inefficiencies.”
Study saw demise of small CUs approaching.
Think firm finds technology, competition working to shrink population of smaller credit unions.
The $1.6 billion Lansing-based credit union merging with $7 million Father Kramer Credit Union of Center Line.