Inflation, high consumer prices, rising interest rates, and more prompted a slowdown in deposits for many credit unions in recent months. However, offering high-rate certificate specials isn’t the only way cooperatives are rebuilding their liquidity cushion.
During this webinar, Manuel Aguilar, senior vice president, commercial and advisory services, Lynn Nottingham, manager of product development, and Gerhard Toth, vice president of business banking at GTE Financial Federal Credit Union ($2.9B, Tampa, FL) will share why the credit union launched a new business nonprofit checking account to help nonprofits do more for the community while building liquidity for the cooperative.
Webinar attendees will learn:
- Which key challenges and opportunities are being addressed through this new product
- How the credit union quickly moved from idea stage to product launch
- What early results the cooperative has seen to date
- Why other credit unions may want to consider nonprofit banking relationships
