News

Its no surprise that lending has been in the doldrums for many CUs the past few years but there could be an unexpected jolt triggered by fervor surrounding Bank Transfer Day Nov. 5.

When Rep. Tim Scott (R-S.C.) was a board member at Heritage Trust FCU, he and his colleagues were focused on expanding the reach of the credit union and seeing how it could best serve its members.

There are lots of ways for credit unions to go about improving member experiences, growing member referrals and increasing their average number of products per member.

As the new president/CEO of the World Council of Credit Unions Brian Branch has hit the ground running since stepping into the role following Pete Crears retirement.

Picture an online community where credit unions and banks peacefully coexist. Users from each type of institution can log in and share useful banking-related information, such as written policies and training materials, which other users download and review completely free of charge.

The sweet spots nestled in some credit union business lending portfolios may be turning sour.