Credit unions and social media seem to be made for each other, which is both a good thing and maybe not so much.
While it may be unclear if the two are connected, some financial advisers that use social media professionally are seeing higher revenue growth and larger client bases compared to advisers that do not use the network channels.
The very things that make social media so popular also make them a potential problem for credit unions, their members and those in charge of fighting fraud.
LAS VEGAS -- Fifth Third Bank's cool new ad campaign had gone viral, generating hundreds of thousands of views across the country by people amused by the antics of Kyle the clueless college kid.
Social media isn't just for kids anymore. It has become mainstream and we receive more questions about it from our advisers each year.
"What are credit unions doing to attract, retain and reward the future leaders of the industry?" Guest Blogger Tim McAlpine asks.
Last night I was chatting with an old high school friend on Facebook who I hadn't spoken to in years. With the expansion of social media we were able to reconnect.
MBA students at Pepperdine University had long been offered courses working with local banks, but a case study program launched in the first quarter of 2010 introduced the school to the credit union industry.
YouTube, Facebook, LinkedIn and other social media forums are likely to be used by investors to gather information on new products and services, according to a Spectrem Group Report.
Northwest Community Credit Union members can now use their favorite social networking sites to share such nuggets of information as financial advice and what's up with the credit union's bicycle-powered blenders.