It used to be that credit unions were only trying to compete with traditional banks, which was competition enough. In today’s mobile and digital world, they are now up against nontraditional players such as Amazon and Walmart vying to sell financial services to consumers in a quick and easy format.
More than 50% of participants have successfully leveraged social media for business wins and outreach.
When it comes to which social media channels have the most potential to help small businesses, respondents to a recent survey said LinkedIn topped the list.
QUEsocial’s solution translates Filene’s research on social media into actionable results, provides ROI tools, organizations say.
Louis Hernandez watches people using a dongle switch on their iPad to pay their restaurant tab online through Square and knows the future is now.
While there are multiple viewpoints on the federal credit union industry’s new efforts for directors to smarten up as mandated by the NCUA rule on director financial literacy, an upshot opportunity presents itself in the form of enhanced governance by directors.
Thirty-two organizations have signed on as users of portal solutions from Passageways LLC so far this year, including 12 new portal customers in June, the best first half showing since it was created as a CUSO of Purdue FCU (then Purdue Employees FCU) in 2003, the company said.
Improved market conditions, interest in vendor management cited.
The $781 million Altura Credit Union is now offering users of iPhones, Androids, BlackBerrys and other Internet-enabled devices free downloadable mobile banking applications.
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.