With economic uncertainty on the horizon, credit union members are moving money into lower-term deposits and paying down debt, helping to boost margins and lower delinquency across the industry.
With shares outpacing loans and indirect lending bringing in fewer members, credit unions focused on what they do best in the fourth quarter: serving core members.
Member-first strategies come to the forefront in a changing rate environment.
The Wisconsin credit union is responding to falling deposit rates while girding its balance sheet for loan growth.
With the Fed poised to continue cutting interest rates, the near-term outlook for the credit union earnings model is much more promising.
After adjusting to a new normal following a slew of rate increases, repricing opportunities could be on the horizon.
Credit union performance in the third quarter echoed that of the second, with continued tightening of liquidity, diminishing ROA, and deteriorating asset quality.
Cooperatives would do well to educate and support their members through budgeting and savings plans to foster financial stability throughout the community.
As credit unions repriced their asset portfolios, higher loan and investment yields bolstered margins and revenue. However, stiff competition for liquidity increased the cost of funds.
The Tennessee cooperative uses a “balanced balance sheet approach” to ensure steady growth in lending and deposits.
PSECU doubles down on culture with an approach to recruitment and training that emphasizes growing talent as well as hiring it.
Internal NPS scores and employee experience surveys help the San Antonio cooperative measure worker sentiment.
Why institutions are turning to personal loans for yield and diversification.
With recession fears on the rise, industry leaders are hoping for the best but preparing for the worst.
Americans increasingly value security over showy when it comes to financial happiness.
The West Coast cooperative supports local education through a summer internship program, and alumni have left their mark on the credit union’s operations.
Need to optimize service delivery and member experience across branches and digital services? Maybe it’s time for a chief delivery officer.
Credit unions are leaning into their values and fine-tuning outreach strategies to meet the emotional and financial needs of worried members.
The credit union integrates financial education with products tailored to young people to help these members build confidence and independence.
Boost loyalty with lifestyle checking accounts that offer perks like telehealth, ID protection, and travel discounts.