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Data on the financial performance of federally insured credit unions for the quarter ending Dec. 31, 2019, is now available from the National Credit Union Administration.
Fight For Deposits Eases Up But Just Barely
The pressure for credit unions to shore up funding has eased – but just barely and probably only temporarily, according to a Credit Union Journal…
CUs Outpace Banks in 2019 Loan Growth
Credit unions again increased their loan portfolios at a higher rate than banks in 2019, but banks raced ahead in automobile lending.
Seven Share-Worthy Facts About Credit Unions
We know credit unions are the best option for consumers, but is your credit union effectively communicating the credit union difference? To help, we are…
Callahan Projects Healthy 4Q Gains for Credit Unions
Credit unions increased their loan originations and net income in the three months ending Dec. 31, 2019, capping off a decade that analysts at Callahan…
Credit Unions Still Aren’t Prepared for an Active-Shooter Incident
According to an article in this week’s Credit Union Journal, many credit unions aren’t moving quickly enough to prepare for the risk of an active-shooter.
Can CUs Help Narrow the Skilled Trades Gap?
Credit unions across the country put millions of dollars toward helping graduating students pursue secondary education after high school. A small number of credit unions…
Six Creative Gen Z Marketing Strategies for Financial Institutions
Gen Zers are beginning to surpass Millennials as the most-studied generation. The Financial Brand explores how these insights are assisting credit unions in shaping their…
CUNA Mutual Group Issues Winter Report
The Winter CUNA Mutual Group Report is now available. This update can serve as a helpful resource at credit union chapter and business meetings and features…
Honda Opens Breach Lane; Facebook Reveals More Names
Honda and Facebook identified new security breaches prior to the holidays. Exposures like these can impact your credit union and members.
Q3 2019 Performance Report for Maine CUs
Callahan & Associates released its third quarter 2019 Performance Comparison Report for Maine credit unions. According to the analysis, Maine credit unions had strong gains…
Eight Takeaways from NCUA’s Q3 State-Level Data
CU Journal analyzes NCUA’s recently released Quarterly State Map Review. In the report, Maine CUs perform well with ROA and growth in shares and deposits.
Mortgage Risk Study Seeks Input From Lenders
The Wharton Risk Management and Decision Processes Center at the University of Pennsylvania is undertaking a study to better understand the impact of natural disaster risks…
Can CUs Keep Up with the Changing Social Media Landscape?
Big Tech’s entry into the financial services space and changes in consumer behavior patterns could push credit unions away from some of the world’s largest…
ATM Attacks on the Rise as Fraudsters Head Back to the Branch
With so many data breaches targeting merchants, banks and credit unions should not assume they are in the clear. Visa reported that it has notified…
More Can Be Done to Feed Hungry Children After School
More than 1.3 million children benefited from afterschool suppers according to the Food Research & Action Center. Four states, including Maine, increased the number of…
Three Ways to Stay Ahead of the Retirement Technology Curve
Leveraging new technologies can take your employee retirement program to the next level according to a new article provided by CUNA Mutual Group.
Loyalty Programs Becoming Prime Targets for Payments Fraud
Payments fraud is getting more sophisticated, and criminals are increasingly turning away from high-volume, indiscriminate attacks, according to new research from e-commerce fraud-prevention company Forter.
Credit Union Leaders Can Mitigate Risk with Big Data and Machine Learning
Mitigating risk and serving your members starts with determining how sophisticated machine learning and data analytics tools can be used to identify fraud.
Millennials Opening More Credit Card Accounts, CO-OP Financial Services Says
Millennials are flocking to credit cards, according to a new white paper from CO-OP Financial Services.
Financial Institutions Must Prepare for a Gen Z Workforce Now
Generation Z, roughly defined as people born during or after 1997, represents a very significant workforce change. As this group matures, a flood of technology-savvy…
BOLI: An Alternative Way to Fund Benefits
CUNA Mutual Group’s Fred Palmer explains how business-owned life insurance (BOLI) can help your credit union offer the compensation and benefits it needs to attract…
Evolve to Satisfy Changing Consumer Tastes
CUNA Mutual Group’s Susan Sachatello discusses how credit unions should evolve to engage consumers and meet their ever-changing behaviors by sharing four key themes to…
NCUA Q2 State Credit Union Data Report Now Available
On Wednesday, NCUA issued its Q2 2019 State Credit Union Data Report. The analysis tracks performance indicators for federally insured credit unions in all 50…
ABA Revealed as Owner of Secretive Anti-Credit Union Website
(From Credit Union Times) – A website devoted to highly charged allegations against the credit union industry was operated by the American Bankers Association, although…