Deposits

The Best Way to Grow Members in 2009

Bank mergers and acquisitions, both large and small, provide a crucial opportunity for increasing membership and deposits in credit unions, as typically twenty percent of the disappearing bank’s deposits will change financial institutions within a year.

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Three Credit Union’s Approaches to Account-to-Account Transfers

Credit unions are taking more interest in Account-to-Account (A2A) transfers, also commonly referred to as Member Directed ACH or inter-institutional transfers. This technology enables members to move their money freely from one institution to another over the Internet. This service transforms the member’s share draft account into an e-checking account.

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Industry Insights

Share Draft Penetration (4Q 2015)

Which credit unions are members choosing to make their primary financial institution?
Features

One Year Later — 24,000 Active RDC Users at DCU

In March 2008, Digital Federal Credit Union ($4.5B, Marlborough, MA) launched a remote deposit capture service for members which has significantly increased their number of ...
Features

The Best Way to Grow Members in 2009

Bank mergers and acquisitions, both large and small, provide a crucial opportunity for increasing membership and deposits in credit unions, as typically twenty percent of ...
Features

Housing Bubble Affecting National Savings Rate

Americans are now collectively a nation of spenders, not savers. Learn how First Entertainment Credit Union has bucked this trend and grown shares.
Features

Three Credit Union’s Approaches to Account-to-Account Transfers

Credit unions are taking more interest in Account-to-Account (A2A) transfers, also commonly referred to as Member Directed ACH or inter-institutional transfers. This technology enables members ...
Features

Using Referrals Effectively to Gain Wallet Share

Patelco Credit Union tracks referrals from front line staff to their investment program. Doing so has lead to increased wallet share.
Features

People Before Profits Turning a Normal Banking Process Upside Down

You shouldn't have to wait for your first million to see a decent return on your money, was the message of BECU's ($7.6B, Seattle, WA) ...
Features

UnitedOne Has Gone the Whole Nine with Youth

In its ninth year of operating an in-school branch at Monroe Elementary School, UnitedOne has surpassed both its initial and revised goals for deposits.
Features

How To Make Outbound Calls Part Of A Call Center Strategy

Aptitude, attitude, and opportunity have helped Leaders Credit Union develop a team of call center cross-sell superstars.
Features

The Patelco HSA Story: Onward and Upward

Patelco's HSA service has grown into a thriving program: deepening relationships with their SEGs, and increasing member penetration at those SEGs.
Membership And Annual Member Growth, 06.30.25

2 Hot Takes On Member Growth

Member growth is slowing. What can credit unions do about it? Callahan experts explore how purpose and financial wellbeing might be the key to sustainable member growth.

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