Growth Strategies

Illinois Credit Union Opens Library Branch

Peter Strozniak | May 25, 2018

Kane County Teachers Credit Union's opening of a branch in a local public library may be an industry first.

New Credit Union Members Ditching the Branch

Tina Orem | May 18, 2018

In today’s digital age, credit unions don’t necessarily have to meet new members face-to-face in order to thrive.

Northwestern Mutual Drops LearnVest’s Financial Planning Services

Emily Zulz | May 14, 2018

All of LearnVest's financial planners have been offered positions at Northwestern Mutual.

U.S. Consumer Prices Rise Less Than Forecast as Autos Decline

Shobhana Chandra | May 10, 2018

The Fed is projected to raise rates in June for the second time this year.

Small Credit Unions Ride Waves of Change

Jim DuPlessis | May 09, 2018

Credit unions with less then $50 million in assets are facing big challenges.

Credit Union ONE Agrees to Buy Hantz Bank

Peter Strozniak | May 08, 2018

If approved, the deal will expand the credit union’s commercial and mortgage lending markets.

Retiree Confidence Slips, Especially on Health Care: EBRI

Melanie Waddell | May 02, 2018

Employees, on the other hand, appear to be more confident than last year, EBRI reports.

Cooperativas Pushed to Be CDFI Certified

David Baumann | May 01, 2018

Officials say no cooperativa has ever applied for the CDFI program, which could provide them with technical and financial help.

U.S. Pending Home Sales Increase Less Than Forecast in March

Shobhana Chandra | April 30, 2018

“Prospective buyers are increasingly having difficulty finding an affordable home to buy.”

CUNA Mutual Economist: Expect Recession in 2020

Jim DuPlessis | April 27, 2018

Steven Rick predicts mild downturn as savings eclipses lending growth.

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Credit Unions Enjoy Early Spring in Loans

Jim DuPlessis | April 26, 2018

CUNA Mutual finds the January to February lending bounce is bigger than usual.

UNIFY FCU Inks Deal With Los Angeles Rams

Peter Strozniak | April 25, 2018

Players and employees for the NFL team become UNIFY’s newest SEG.

Why High-Flying U.S. Home Prices Are About to Get Another Jolt

Vince Golle | April 25, 2018

So far, neither higher home prices nor a four-year high in mortgage costs have been enough to dissuade buyers.

The Federal Savings Bank Reaches Out to Credit Unions

Jim DuPlessis | April 24, 2018

The bank seeks service agreements with innovative credit unions that want to provide a reverse mortgage option for members.

Exodus of Banks Is Threatening to Isolate Puerto Rico Even More

Jonathan Levin and Yalixa Rivera | April 23, 2018

As big banks continue to leave the island, local FIs are trying to find a way to fill the void.

PenFed, Foundation Launch Seed Fund for Vet Startups

Jim DuPlessis | April 23, 2018

PenFed CU to give up to $1 million in matching funds.

Public Service CU Signs Massive Naming Rights Deal

Tina Orem | April 20, 2018

This is part of a larger plan to change the credit union’s name and brand.

PenFed Expands Wealth Management Offerings

Jim DuPlessis | April 19, 2018

The second-largest credit union announces pact with CUNA Brokerage Services.

Women Still Trail Men in Financial Knowledge

Emily Zulz | April 19, 2018

The gap in financial literacy between boomer and Gen X men and women has not changed, but for millennials, that gap is narrowing.

U.S. Debt Load Seen Worse Than Italy's by 2023, IMF Predicts

Vincent Del Giudice and Alex Tanzi | April 18, 2018

New economic data points to a disturbing debt trend for the U.S.

U.S. Housing Starts Top Forecasts on Multifamily Construction

Shobhana Chandra | April 17, 2018

With borrowing costs rising, affordability is also becoming a hurdle.

Young Consumers Want Financial Advice

Allison Bell | April 13, 2018

Of those polled, 18% of millennials and 19% of Gen Xers say they would like to have advisors and are searching.

Favorable Views of Finances Drive U.S. Consumer Comfort Higher

Katia Dmitrieva | April 12, 2018

Sustained strength in the job market and more take-home pay following federal tax cuts continue to lift Americans’ spirits.

Mountain America Acquires Dugway FCU

Jim DuPlessis | April 09, 2018

Merger of Utah CUs allows one to gain 637 members from a CU that served an Army base.

Credit Unions Gain Bigger Hand in Credit Cards

Jim DuPlessis | April 09, 2018

Fed report shows higher credit union shares for revolving and non-revolving loans in February.

Maine CU League Joins New Cannabis Consortium

Peter Strozniak | April 09, 2018

Group requests a meeting with Attorney General Sessions to resolve the fed-state pot law conflict.

Smaller Subprime Auto Lenders Are Folding as Losses Pile Up

Claire Boston | April 06, 2018

Years of loose lending have resulted in growing numbers of subprime borrowers falling behind on their bills.

CUNA Adjusts Economic Outlook Due to Possible Trade War

Jim DuPlessis | April 06, 2018

“We have growing concerns over calls for trade tariffs and the increasing possibility of trade war.”

The 0% Auto Loan Era Is Fading Into America's Rearview Mirror

Gabrielle Coppola | April 05, 2018

The days of 0% financing appear to be over as interest rates slowly climb.

Credit Unions Follow Members as Life Happens

Jim DuPlessis | April 04, 2018

A life event approach helps credit unions translate products to meet members' needs.

3 Ways Credit Unions Block Noninterest Income Via Mobile

Tina Orem | April 04, 2018

Core providers, poor design and the wrong mindset are creating obstacles in making mobile generate more noninterest income.

S&P Ranks Fox Communities CU as 2017’s Best Performer

Jim DuPlessis | April 03, 2018

Appleton, Wis., credit union's incredible growth is boosted by two mergers.

Credit Unions Reinvent the Branch Experience

Peter Strozniak | April 03, 2018

While banks are closing branches at a record pace, CUs are reinventing them to show consumers how and why CUs are different.

Why Banking Is About to Get More Profitable For Suffering Savers

Jennifer Surane | April 03, 2018

Banks are moving to protect the consumer base they have as interest rates slowly climb.

Overdraft Revenue Rising at Credit Unions & Other FIs

Tina Orem | April 03, 2018

Total overdraft revenue among credit unions rises almost 5%.

Subprime New Car Buyers Suddenly Go Missing From U.S. Showrooms

Jamie Butters | April 02, 2018

Rising interest rates and new vehicle prices are squeezing shoppers with shaky credit.

Credit Unions Ride Growing Economy

Jim DuPlessis | March 29, 2018

Despite jolts from trade war threats, credit unions are "on a course of buoyant growth."

Consumer Sentiment in U.S. Surges to Highest Level Since 2004

Katia Dmitrieva | March 29, 2018

A solid labor market and growth expectations are offsetting concerns about tariffs and stock-market volatility.

PenFed Forges Tie With Splash for Student Loans

Jim DuPlessis | March 28, 2018

Private student loans at credit unions have more than doubled since 2012.

U.S. Economic Growth Revised Higher on Spending, Inventories

Shobhana Chandra | March 28, 2018

The expansion, now in its ninth year, is poised to become the second-longest on record later in 2018.

Home Prices in 20 U.S. Cities Advance More Than Forecast

Katia Dmitrieva | March 27, 2018

Home inventory remains lean and is allowing sellers to raise asking prices.

Watch These U.S. Home Prices Jump, and Exult - or Despair

Prashant Gopal | March 23, 2018

New data suggests the U.S. housing market is suffering from a supply crunch.

LGE Community Credit Union to Buy Georgia Heritage Bank

Peter Strozniak | March 22, 2018

The proposed acquisition is expected to close in the third quarter.

U.S. Starter Homes Are Pricier, Smaller, Older & Scarcer

Noah Buhayar | March 21, 2018

American homes are at their least affordable in a Trulia report’s history.

Multicultural Members Account for Majority of CU Growth: Study

Tina Orem | March 20, 2018

The study finds the spending power of multicultural consumers is growing faster than that of white consumers.

Champion Credit Union Expands as Members Move

Jim DuPlessis | March 19, 2018

One credit union is expanding as the membership base heads out of the city.

U.S. Housing Starts Cooled in February After Robust January

Katia Dmitrieva | March 16, 2018

Mortgage rates remain historically low despite recent increases and consumer confidence.

Falling ReFis Drag Down 4Q Mortgage Originations

Jim DuPlessis | March 16, 2018

New data shows purchase gains were too small to prevent another quarterly dip.

First Mortgages Fall, Second-Liens Rise

Jim DuPlessis | March 15, 2018

Fourth quarter shows an overall decline in real estate originations.

CU Membership Growth Largely Unchanged, Dropping at Small CUs: NCUA

David Baumann | March 14, 2018

A new NCUA report shows declining membership at smaller credit unions.

Resources

Monitoring and Record Keeping for Credit Unions in the Age of Electronic Business

From Smarsh

Learn how to keep your credit union prepared, resilient, and most importantly, compliant in the rapidly changing communication environment that credit union members demand today.

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A Practical CECL Action Plan for Credit Unions

From Sageworks, Inc.

Start preparing your credit union for the current expected credit loss (CECL) model today. Follow this practical CECL action plan to ensure effective implementation and get ahead of this major change.

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How to Develop a Strategic Approach to Incentive Compensation for Your Credit Union

From Kaufman Hall

Learn how to implement a strategic profitability-based incentive plan that rewards desired employee behavior(s) at your credit union.

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How to Become a Top Advisor at Your Credit Union

From Cetera Financial Group

Shorten your path to becoming a top advisor at your credit union by examining traits, processes and habits of those who are succeeding at the highest level.

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Reinventing Consumer Loans: How Community-Based FIs Can Win the Millennial Lending Market

From Kasasa

Consumer loans are rising among Millennials. Learn how your credit union can capture a larger share of the growing demand by reinventing your consumer loan offers.

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Infographic: Banking on Customer Service & Security

From March Networks

See how customer service and security perceptions are shaping member banking choices and where intelligent video solutions can help

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How a True Digital Mortgage Delivers an Experience Members Want

From Ellie Mae, Inc.

A true digital mortgage encompasses the entire loan lifecycle, only then does it pay off for both borrowers and your credit union.

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4 Proven Ways to Accelerate New Accounts

From Harland Clarke

The Smart Way to Acquire New Households and Members

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Accelerate Performance Improvement: Best Practices in Budgeting and Planning for Credit Unions

From Kaufman Hall

These best practices help you increase profitability by leveraging the appropriate financial and operational data, processes, and tools to improve planning, efficiency, and accuracy.

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Leaving Money on the Table: A Financial Institution's Opportunity in Investment Services

From Cetera Financial Group

By offering investment services, credit unions can add value for their members while generating revenue.

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2018 CFO Outlook: Performance Management Trends and Priorities

From Kaufman Hall

Learn what senior finance professionals detail as trends, implications and recommendations for 2018, including 12 key findings in this performance management survey report.

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5 Critical Aspects of Profitability Analysis

From Kaufman Hall

Discover five aspects of profitability analysis critical to creating and sustaining a profitability measurement program that can be used to drive decisions and improve financial performance.

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Profitability Measurement and Reporting: A Guide to Creating an Actionable Profitability Framework

From Kaufman Hall

With compressed margins and increasing competition, it is imperative for financial institutions to understand how customers, branches, channels, officers, and products contribute to the bottom line.

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Extracting More Value from Funds Transfer Pricing

From Kaufman Hall

Learn how your Credit Union can Extract More Value from Funds Transfer Pricing

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Credit Union Analytics - Using the Right Data to Support Decision Making

From Kaufman Hall

In order for Credit Unions to be successful, they need to focus on "how" and "why" they achieved results.

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Critical Steps to Successful Cash Flow Planning For Financial Institutions

From Kaufman Hall

Collaborative cash flow margin planning (CCFMP) is a marriage between ALM and traditional financial planning approaches. More institutions are turning to this approach because of its many benefits.

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Take Credit Union Planning to the Next Level: Cash Flow Based Budgeting & Forecasting

From Kaufman Hall

Collaborative Cash Flow Margin Planning (CCFMP) provides a more effective solution for balance sheet/margin planning. Discover what it is, its benefits and why it may be best for your organization.

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Browse More Resources →

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