Consultancy says it's advising credit unions to hold off as big banks test the post-Durbin waters.
With today’s economy still sputtering, credit unions–and just about any other organization across the nation–remain vigilant about cutting costs to survive and hopefully thrive when the economy returns to good health.
Two Florida credit unions, Pen Air FCU and Gulf Winds FCU, both of Pensacola, are on opposite sides when it comes to grappling with card rewards in the face of the coming cap on interchange fees and the impact of overdraft regulation.
Florida Panhandle institution cites impact of overdraft regulation last year and coming cap on interchange fees, pledges to work to keep free checking.
The initial predictions that branches would no longer be relevant surfaced around the time ATMs were first deployed in the early 1970s. Despite numerous predictions since then, branches continue to be an essential element of delivery strategy.
Pen Air FCU is adding to its rewards programs instead of taking away, bucking the current trend.
Allied Solutions, Carmel, Ind., representative Amy Skeptaris received a "Special Teams Player" award from Credit Union West of St. Paul, Minn. The award
Small businesses with less than $10 million in annual sales are using loans more than any other size firms, according to Raddon Financial Group.
Commissioned by more than 200 financial institution clients of the Raddon Financial Group, a syndicated research study explored consumer demand for and usage of financial products and delivery channels.