According to new research, those credit unions that provided investment services to their members in 2013 experienced a 9% increase in penetration, beating out banks.
Financial advisers bring in $7.7 million of new investment assets in 2013 and produce $246,325 in investment services revenue.
Snubbed by lenders, entrepreneurs are taking their pitches to the people.
They improve member service, speed up the loan process and comply with open-ended lending regulations.
International consulting and software firm buys Mortgage Cadence a year after it bought Prime Alliance Solutions.
Depending on who you talk to, the credit union business lending landscape could easily be a mix of record loan growth peppered with a drop in delinquent debt to an environment that is thriving better than what bank competitors are experiencing.
Bank Transfer Day, the November 2011 consumer driven effort to move money from large banks to credit unions or community banks, inspired the three finalists for this year’s CO-OP Financial Services THINK prize.
mFoundry, the mobile banking app specialist founded in 2004 that grew as rapidly as its space, has been sold to FIS.
Why mobile banking now is a “must have” for credit unions.
Cloud-based computing and e-signatures are the aspirin to the multi-featured open ended lending headache credit unions have been suffering from since the NCUA first issued the rules back in 2009, said John Levy, executive vice president and co-founder for Integrated Media Management, a Linden, N.J.-based technology vendor.