News

There a number of misconceptions surrounding the demographic of the average payday loan user that are probably standing in the way of credit unions being able to serve them.

Expressing "shock and surprise," the leadership of the Delaware Credit Union League Tuesday was coming to the defense of one of its former managers, Robert S. Walls, fired last month as president/CEO of the New Jersey Credit Union League.

With the average age of today's member now at 48 years coupled with increased consolidation in the industry, credit unions are at a crossroads when it comes to differentiation.

Innovation clearly involves risks and can be costly but knowing where to innovate is more important that figuring how to innovate, one expert said today during a keynote session at NACUSO's annual conference here.

The $1.6 billion State Employees Credit Union of Maryland has become the latest CU to join the CO-OP ATM and EFT Network, according to CO-OP Financial Services, the CUSO that owns the network.

Members of the Credit Union Economics Group met with top officials from the Dallas Federal Reserve Bank last week to share credit unions' view of things.