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.
The crisis is still unfolding, but the latest high-profile bank failure has plenty of takeaways for credit unions around asset management, net worth, communication, and more.
A focus on reining in costs and changing organizational culture have transformed the Ohio-based institution.
Credit union success on the balance sheet and income statement in the third quarter is creating new opportunities for future impact.
The lasting effects of the COVID-19 pandemic — and the national economic response to it — linger on credit union financial statements.
Credit unions in the West reported the largest decline in ROA. See what else has happened across the United States.
Concerned with cooperative values and not stock prices, credit unions have sacrificed short-term earnings to bolster reserves and give members a break on fees.
Credit unions report improved earnings following 2018 rate cuts. However, increased expenses put downward pressure on margins.
The team at GTE FCU managed the credit union through home prices declines and high unemployment.
Five can’t-miss data points featured this week on CreditUnions.com.
How exiting non-core business lines has helped UFCU sharpen its edge in consumer banking and build a future-ready organization.
SF Fire Credit Union’s head of marketing shares how embracing the credit union’s history as a SEG for firefighters supports growth and brand awareness in a competitive market.
Ignoring the financial needs of small and medium-sized businesses could mean ignoring the needs of your communities
First Financial of Maryland is cultivating cross-functional leadership and breaking down silos through a hands-on experience designed to spark inspiration and unify culture around the member experience.
A longstanding program that spotlights small businesses and local organizations deepens ties and reinforces the credit union’s commitment to community prosperity.
Regardless of what’s going on politically, the needs for education financing won’t wait.
The Texas cooperative takes fun and philanthropy to the next level with a real-world business challenge that raised more than $57,000 for charity in one semester alone.
For the first time in 15 years, salary growth for loyal employees outpaces those who leap from job to job.
Data analytics help credit unions identify and serve unmet credit needs that result in enhanced member satisfaction and loyalty.
Intuitive design, advanced security, and ongoing innovation helps credit unions secure their future in a financial industry full of tech-savvy members.