Social media has become a lightning rod for debate. While its detractors say it's all hype and its evangelists tout social media as marketing's great panacea, the reality of its merits lies somewhere in the middle.
The Filene Research Institute in Madison, Wis., is offering a new report aimed at helping credit unions get the biggest bang for the buck in information technology.
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.
Marc Rapport has been Credit Union Times' technology correspondent for more than a decade.
There's little choice about whether to pay bills but lots on how to pay them. And while the mobile channel gets the hype, the leader is still snail mail.
Personal financial management is hot.
Credit unions that have a culture of cooperation between information technology and business managers generally outperform their peers that tend to work in silos and reach out only on a case-by-case basis.
The nation's financial crisis has created perhaps unprecedented opportunity for credit unions
Despite rough economic times, half of the nation's largest financial institutions expect a budget increase of more than 15% in 2010 for online banking initiatives, according to a new report.