Credit Union Savers Favor Flexibility Over Returns
Members are changing the way they deposit their money, saving more and opting for lower-yielding, more liquid account types.
Members are changing the way they deposit their money, saving more and opting for lower-yielding, more liquid account types.
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.
Join TRK Advisors and Elan Credit Card as they explore how credit unions are performing against dominant credit card issuers and what to expect in 2025.
Key areas to strengthen a seamless banking experience across all deposit channels.
Credit unions serving sectors impacted by work stoppages are rolling out offers to assist members facing economic hardship.
Early adopters of FedNow embrace the Federal Reserve’s answer to fintechs like Venmo and Paypal.
A shift toward a purpose-driven mindset has helped the Illinois cooperative drive sustainable growth while expanding operations.
Macroeconomic shifts drove changes in member demand, which impacted top-level credit union metrics.
The right partnership not only delivers high levels of member satisfaction, but strengthens relationships with the credit union.
The New York credit union has lowered punitive fees and added an array of benefits to spread the gain while easing the pain.
Consumers are adjusting their financing habits to the new economy, and as economic realities shift, members are rethinking how — and where — they access credit.
Six data points showcase key dynamics shaping the U.S. economy that could direct credit union decision-making in the year to come.
Risk might or might not impact your organization, but you must be ready regardless.
Delinquency and charge-offs have largely plateaued from last year. Encouragingly, many products improved compared to the previous quarter.
Members are changing the way they deposit their money, saving more and opting for lower-yielding, more liquid account types.
Quarterly performance reports from Callahan & Associates highlight important metrics from across the credit union industry. Comparing top-level performance and digging into the financial statement has never been easier.
The community development manager at Alltru FCU turned in her barbells for bank accounts and is building access one account at a time.
With the academic year over, students across the country are moving into internships — some of those young workers will be the future of the industry.
Rising costs, limited staffing and evolving compliance expectations are pushing leaders to reevaluate how and who should handle collections.
Credit union internship programs address equity and access, offering the extra credit students need as they prepare to enter the workforce.