Attrition in the space will drive demand to traditional deposit-backed institutions. In turn, colleges and universities will seek stable, community-focused institutions that can support families.
A look back at recent stories of how credit unions are making a difference in the communities they serve.
A one-day-only promotion that mixes financial counseling with loan growth opportunities has been a roaring success since it was introduced two years ago.
A look back at stories from the last month showcasing how credit unions are making a difference in ways that go way beyond just banking.
Top-Level Takeaways First Financial created its own AI/machine learning short-term loan system in three steps that involved extensive cross-enterprise commitment. Application abandonment has dropped along with the number of apps that have to go to manual underwriting. The system will be expanded to other loan products soon. First Financial of Maryland FCU ($1.3B, Sparks, MD)
Summer may only be at its midway point, but that’s not stopping credit unions from back-to-school planning. Many institutions all over the country kick off their back-to-school campaigns well ahead of the new academic year. Parents and students often need help to buy new backpacks, clothing, laptops and a host of other classroom supplies. Many
Think there’s no room for creativity in banking? Think again. These stories from the last month reveal a host of new ways credit unions are finding to serve members and make a difference in their communities.
Special loan programs at cooperatives across the country address equity, financial deserts, emergency aid, and climate change.
Financing alternatives for electric vehicles make mission sense for two cooperatives in Denver and Seattle.
New loan products from DCU and Service Credit Union could help provide a wider range of mobility options for disabled consumers.
Attrition in the space will drive demand to traditional deposit-backed institutions. In turn, colleges and universities will seek stable, community-focused institutions that can support families.
A look back at recent stories of how credit unions are making a difference in the communities they serve.
A one-day-only promotion that mixes financial counseling with loan growth opportunities has been a roaring success since it was introduced two years ago.
A look back at stories from the last month showcasing how credit unions are making a difference in ways that go way beyond just banking.
Top-Level Takeaways First Financial created its own AI/machine learning short-term loan system in three steps that involved extensive cross-enterprise commitment. Application abandonment has dropped along with the number of apps that have to go to manual underwriting. The system will be expanded to other loan products soon. First Financial of Maryland FCU ($1.3B, Sparks, MD)
Summer may only be at its midway point, but that’s not stopping credit unions from back-to-school planning. Many institutions all over the country kick off their back-to-school campaigns well ahead of the new academic year. Parents and students often need help to buy new backpacks, clothing, laptops and a host of other classroom supplies. Many
Think there’s no room for creativity in banking? Think again. These stories from the last month reveal a host of new ways credit unions are finding to serve members and make a difference in their communities.
Special loan programs at cooperatives across the country address equity, financial deserts, emergency aid, and climate change.
Financing alternatives for electric vehicles make mission sense for two cooperatives in Denver and Seattle.
New loan products from DCU and Service Credit Union could help provide a wider range of mobility options for disabled consumers.