• More aggregation alliances shakeout; early adopting CUs seeing mixed results

    INDIANAPOLIS - As another Internet solutions provider popular in the credit union space makes a deal to offer account aggregation to its clients, the question of member interest in the product remains. At press time,VIFI, Indianapolis, has partnered with aggregation firm uMonitor to offer aggregation to its 160 financial clients,...

  • Online investing: Internet availability, member demand may make it an inevitability

    COLUMBIA, S. C. - The Internet has made inexpensive investing available to anyone with a computer and modem, and numerous competitors, new and old, are now vying for the business of increasingly Web-savvy credit union members. Retaining those members, their loyalty, and their assets may be increasingly challenging in such...

  • Fed's definition of "electronic address" would require credit unions to send disclosures to members via traditional e-mail

    WASHINGTON - Credit unions should not be limited in how they electronically communicate with their members for delivery of online financial services, say CUNA and NAFCU. In comment letters to the Fed, the two trades pounded home this point. Gramm-Leach-Bliley required that the Fed undergo a study and prepare a...

  • Credit union conferences: Creative packaging or something more?

    WEST PALM BEACH, Fla. - Outwit, Outplay and Outlast could soon become the motto of credit union conference planners. With hundreds of credit union conferences available, it's possible to toss a dart on almost any day of a calendar and find a conference. Given the questionable state of the economy...

  • The number of women CEOs shouldn't make news

    It seems a shame that the number of women in CEO positions still makes news. Case in point: the leading daily newspaper in Utah recently reported on the number of women serving as CEOs of credit unions in that state. In case the editors of the Salt Lake Tribune haven't...

  • Study finds SEG approvals speeding up

    ARLINGTON, Va.-In the latest NAFCU Flash Report, NAFCU Economist Jeff Taylor found some surprisingly good news for credit unions on the approvals of select employee groups (SEGs). "Overall, it appears that the majority of SEG applications, regardless of size, are being approved when the appropriate details are provided and regulations...

  • XP's coming, but reception may have to wait among credit unions

    COLUMBIA, S.C. - Will Windows XP be greeted with a yell or a yelp, or maybe just a yawn, when the next generation of the world's dominant computer-operating system rolls out later this year? While the new generation of Windows promises to be the most evolutionary since Windows 95, veterans...

  • The new agenda-image, service and consumer perception

    WEST PALM BEACH - This year, the big summer slashes have been job cuts. Union Planters Corp. has announced it's cutting an unspecified number of jobs and American Express will also be eliminating up to 5,000 jobs this quarter. J.P. Morgan Chase & Co. is projecting that job cuts would...

  • Gaining permission: A look at e-mail address collection methodologies

    There are many reasons why e-mail marketing can be an effective channel for credit union marketers. Some of the benefits include: reduced cost (as low as pennies per message); the ability to target by segment; the ability to quickly test, measure and modify campaigns; and real-time response (e-mail programs generate...