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Since March, when the U.S. government’s across-the-board budget cuts began taking effect, credit unions in communities filled with federal employees have stepped up to help members cope with the consequences of sequestration, especially income loss.
Department of Defense downsizing and other federal payroll cuts are creating financial hardship for many credit union members, especially military families, according to a recent survey by First Command Financial Services Inc. in Fort Worth, Texas.
“The uncertainty surrounding sequestration and military retirement benefits is fueling concerns in many military families,” said Scott Spiker, CEO of First Command Financial Services.
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CO-OP Financial Services says now is the time to ramp up marketing.
Survey finds employers overwhelmingly view financial stability as part of an overall whole-person approach to well-being.
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Credit Union Round Table: The Future of Faster Payments
In order to provide the best member experience, understanding and leveraging what your members need from the payments process your CU offers is key. Watch this round table webinar of fresh findings on how to bring RTP online in 2021 with easier integrations.
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Strategies to Increase Your CU's Revenue and Add Value for Members
Discover actionable strategies to reduce your CU’s expenses and increase revenue.
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Transformational Banking: A New Model
The era of digitalization and multi-channel experience has truly begun and the stage for new rules of banking has been set - is your financial institution ready?
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