News

GrooveCar has launched a $500 Internet coupon incentive program intended to help facilitate the buying of new and pre-owned vehicles by credit union members in the metro New York region.

The notion of combining regulatory agencies covering credit unions, banks and insurance firms may be a pet project of New York's new governor, Andrew Cuomo, but so far it has won only preliminary CU approval.

You're likely to see auto lending pick up in 2011. Many of those loans will be for practical rather than high-end vehicles.

CU Xpress Lease Inc. is on a record-setting pace in auto leasing activity with 2010 up 100% on year-over-year numbers from 2009.

While it may be unclear if the two are connected, 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.

In the digital age, with more and more members contacting their credit unions through the Internet or a mobile device, traditional branches can seem a bit quaint and old-fashioned.