Come 2030, credit unions will be in business serving up some kind of financial services, essentially one generation removed from today. However, getting there will be as wrenching—as full of dislocations and pains—as was the shift from 1950s-style credit unions with no share drafts into today’s full-service financial supermarkets.
In this print preview from next week's edition, experts look at what the industry may look like a generation from now.
Speaking recently at the New Jersey Credit Union League’s Reality Check conference, John Lass put it bluntly on the direction of mobile banking.
The $600 million Michigan First Credit Union has kicked off its search for the next Young & Free Michigan Spokester.
Program aims at easing interest rate, down payment barriers.
Listen hard and it as though you can hear the rush of credit unions to adopt mobile banking. It is coming that fast.
Wincor Nixdorf says Michigan First Credit Union has grown by 35,000 members since 2004.
A jury has ruled that Michigan First Credit Union was entitled to $5 million in damages from CUMIS Insurance Society Inc. in a case involving a wrongful denial of a fidelity bond claim.
After a seven-year legal battle, Michigan First CU is pleased with a court’s decision to uphold a 2009 verdict in a fidelity bond denial case.
Detroit court rules credit union is entitled to $5 million in damages and another $2.7 million in interest.