Personal loans still offer niche, participants say, and a way to serve members while competing with payday lenders.
This preview from our Aug. 28 print edition looks at what may be a shrinking credit union market for $600 and under loans.
Despite the apparent financial pain to cover the underwriting costs of small loans under $600, some credit unions still feel there is a segment of their membership that rely on this type of financing. Others don't.
An important skill for an agile credit union is the ability to be decisive in indecisive times.
There has been a lot of talk and discussion lately about one cloud and server virtualization capabilities. If you are like most people, you’re probably wondering what all the fuss is about.
Virtualization allows credit unions – along with any organization that requires the use of multiple servers – to save money, time and space to reallocate to other pressing areas.
Despite rough economic times, half of the nation's largest financial institutions expect a budget increase of more than 15% in 2010 for online banking initiatives, according to a new report.