Is small business risky business? Without comprehensive credit data to demonstrate whether small and medium businesses (SMBs) are reliable, some companies hesitate to engage their…
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Sharonview Federal Credit Union Announces Chief Financial Officer
by Tim O'Hara on September 10, 2019Sharonview Federal Credit Union, one of the nation’s top 200 credit unions, is pleased to announce its new Chief Financial Officer – Jim Edwards, who…
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Three Ways Credit Unions Can Fortify Their Cybersecurity Defense Plan
by Alex Hernandez on September 6, 2019The average cost of a data breach in the United States increased from $7.91 million in 2018 to $8.19 million in 2019, according to this…
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Cooperative Governance: Creating Meaningful and Constructive Comments
by Jerry P. Nelson on August 21, 2019In a previous article, my business partner, John Gregoire, wrote about BARS…. not the bars where you can get a drink, nor the bars that…
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MEMBERS Development Company Hosts FinTech Expo, Propelling Network of 60+ Credit Unions into the Fintech Space; Unveils New CUSO
by Cheryl Johnson on August 20, 2019Fresh off the success of its highest attended owner meeting since inception, MEMBERS Development Company (MDC) hosted a dynamic and successful FinTech Expo on August…
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Free, Rewards-Based Checking Accounts Level the Playing Field for Local Credit Unions Competing with Megabanks
by Greg Wempe on August 20, 2019According to a recent Kasasa/Harris Poll study1, more than half of Americans (55%) would be most likely to consider opening a new checking account at…
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Amplify Credit Union CEO Paul Trylko to retire; Board of Directors names EVP Kendall Garrison successor
by Hunter Dodson on August 19, 2019AUSTIN, Texas – August 13, 2019 – As Amplify Credit Union enters its 53rd year in 2020, it will do so with a new Chief Executive…
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Hyperconverged Infrastructure (HCI) – The Key for Driving Digital Transformation Across Credit Unions (Part 1)
by Alan Conboy on August 2, 2019Hyperconverged infrastructure (HCI) is a software-defined solution that is gaining rapid interest across the financial services industry due to its ability to enable seamless connection…
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How a Midsize Credit Union Delivered the Digital Benefits of Apple Watch
by Brad Clutter on August 1, 2019When you begin life as the credit union for IBM employees, you quickly learn that your members are always going to be early adopters. This…
In our experience nearly all CEO evaluation surveys fall short of their intended objective. Board members want to fulfill their obligation to provide candid and…
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CU Solutions Group calls the T-Mobile and Sprint merger a membership enhancement opportunity for credit unions
by Daniel Curren on July 29, 2019Livonia, Mich. – July 29, 2019 – Following the announcement from T-Mobile and Sprint confirming approval from the Department of Justice of the merger between these…
Nation’s Largest Ethnic Credit Union Surpasses Asset Milestone NEW YORK, NY (July 2, 2019) – It took the Polish & Slavic Federal Credit Union 28…
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‘Go Time’ Is ‘Good Time’ with Solid Support During New Product Launch
by Terry Young on July 1, 2019Launching a new credit union service to thousands of members can be a nerve-wracking experience. But the “unmatched” support provided by Catalyst Corporate Federal Credit…
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The Challenges and Opportunities of Peer-to-peer Lending
by Lin Grensing-Pophal on June 27, 2019As peer-to-peer lending grows in popularity and consumers increasingly have access to lenders outside of their local communities, what can community banks do to strengthen…
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Within the Financial Services Industry, even high wage-earners are often financially fragile
by Michael Miller on June 25, 2019This is worrying in many respects, but particularly so in the context of disability. When a household’s breadwinner can’t earn a paycheck, it may be…
The Federal Reserve Board’s Survey of Household Economics and Decisionmaking (SHED) from 2017 revealed that about half of U.S. adults with bank accounts had used…
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Three Ways Finance Executives Can Drive Better Decision-making for Their Institutions
by Kermit Randa and Ken Levey on June 20, 2019Institutions insured by the NCUSIF reported rising net income year-over-year, yet it would behoove credit unions to remain cautious. Abundant risks, such as exposure to…
VyStar Credit Union Acquires Citizens State Bank
by Judy Walz on September 3, 2019Jacksonville, Florida – VyStar Credit Union (VyStar) announced today that it has successfully acquired Citizens State Bank (CSB), a Florida state-chartered bank headquartered in Perry, Florida…
Learning the 1-2-3s of Money Management While Having Fun
by Jeffrey Benson on August 20, 2019CASE Credit Union provides financial literacy lessons to a young audience We all want our children to be successful. That’s why we teach them the…
BECU Trust Services: A Blueprint for Success
by Andrea Brandon on August 15, 2019Members Trust Company merged with BECU Trust Company, a wholly owned subsidiary of BECU, on July 1, 2013 resulting in MTC, DBA BECU Trust Services.…
Wescom’s New Quick Assist Loan Program
by Adriana Welch on August 13, 2019An alternative to high-interest loans to support members in ne According to a 2018 Federal Reserve Survey, 40 percent of Americans cannot financially withstand an…
SAFE Credit Union invests in success of downtown Sacramento
by Carole Ferguson on August 13, 2019SAFE Credit Union recently announced that it is investing in the reinvention of Downtown Sacramento by making a 25-year commitment to an arts and entertainment…