5 Takeaways From Trendwatch 3Q 2024
Credit unions posted record revenue in the third quarter thanks to large gains in loan and investment income, yet asset quality worsened as the industry braced for interest rate cuts.
Credit unions posted record revenue in the third quarter thanks to large gains in loan and investment income, yet asset quality worsened as the industry braced for interest rate cuts.
Service, innovation, and data don’t just enhance the member experience — they ensure relevancy and success in the future.
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Three industry leaders talk shop about strategies to navigate dropping interest rates and economic uncertainty.
A mix of account features, parental involvement, and financial education are all helping the Kentucky cooperative narrow its generation gap.
With deposits per branch up 50% in the past five years, many credit unions are redeploying staff to provide more holistic offerings such as financial counseling.
The Virginia cooperative bucks the CD trend with a high-rate savings product aimed at members who need help building budgetary resiliency.
Emilio Cooper brings a comprehensive approach to deposit growth at Bethpage FCU, moving from a one-size-fits-all method to a more nuanced strategy.
Greenwood and Metro Credit Unions are both reporting deposit growth far above the industry average, thanks in part to a focus on commercial accounts.
Penetration growth is uneven across product lines, with share draft and auto loans blazing a trail in the past decade while other products remain stagnant.
The mortgage lender’s latest ad isn’t just smart marketing; it’s a challenge to credit unions to step up their storytelling game and connect with members on a deeper, more emotional level.
To celebrate Mortgage Week, CreditUnions.com revisits a curated selection of strategic blueprints, marketing inspiration, and operational playbooks that deserve another moment in the spotlight.
A blended breakthrough at the Washington credit union is a smart solution for stuck borrowers.
From rent-to-income ratios to indexed pricing, credit unions can use housing data to better understand how costs affect financial wellbeing and lending risk at the ground level.
How credit unions can leverage mortgage lending to deepen member engagement and drive long-term growth.
New tools can reduce friction and improve the loan process, making life easier for borrowers and improving member loyalty.
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.