Banking
How a Mississippi credit union attracted $8 million in new deposits
[ad_1] Combining the August 2023 launch of Statewide Federal Credit Union’s new savings account with aggressive marketing efforts proved fruitful for the credit union,…
Tag: CUJ feature
Banking
Digital Federal Credit Union debuts self-service mortgage portal
[ad_1] With the addition of the self-service portal, DCU was able to boost lending from roughly $1 billion in mortgage loans when talks began…
Banking
Banking on AI: How financial institutions are deploying new tech
[ad_1] Lack of understanding remains a key hurdle for adopting traditional and generative artificial intelligence-powered tools, but banks and credit unions are still eager…
Banking
California AG warns smaller banks, credit unions on penalty fees
[ad_1] “The consumer typically would not know if the check originator had sufficient funds in their bank account, whether the account was closed, or…
Banking
Ent Credit Union's new approach to training: virtual reality
[ad_1] The Colorado-based institution is overhauling its training procedures by using simulated VR experiences to prepare new member service representatives for their roles without…
Banking
How a Wyoming credit union is doing more lending despite lower demand
[ad_1] Jim Handley (left), chief credit officer for Sunlight Federal Credit Union and Shivan Perera (right), senior vice president of participations and debt for…
Banking
Navy Federal, NCUA deadlocked over Department of Defense contract
[ad_1] Under the contract with the Department of Defense, Navy Federal would operate 60 banking facilities and 275 ATMs throughout Europe and the Pacific.billtster/Adobe…
Banking
Navy Federal encounters rough seas after winning military contract
[ad_1] Navy Federal Credit Union won a contract from the Department of Defense to operate the Overseas Military Banking Program. Bank of America had…
Banking
Best Credit Unions to Work For, ranked 1-35
[ad_1] Staffing issues remained a chief concern for organizations of all sizes, as the “great resignation” stretches into its second year. But the honorees…
Banking
A credit union buying First Sound Bank after prior sale was canceled
[ad_1] Harborstone Credit Union in Washington will add $175 million of assets through its planned deal for First Sound Bank in Seattle. First Sound…
Banking
Fintechs expand AI auto-lending tool for credit unions
[ad_1] From left: Tony Boutelle, president and chief executive of Origence, Mike de Vere, CEO of Zest, and Brian Hendricks, chief product officer for…
Banking
Lenders find more uses for alternative credit data
[ad_1] From left: Ambika Sharma, creator of Fintech Cafe, Kareem Saleh, founder and chief executive of FairPlay, Dave Hoare, chief technology officer and co-founder…
Banking
Why don’t midsize credit unions want to grow through mergers?
[ad_1] Pinnacle Credit Union in Atlanta is working on a merger that would bring it to $250 million of assets — halfway to where…
Banking
Credit union branches welcome a surprising demographic: millennials
[ad_1] Pennsylvania-based Members 1st Federal Credit Union has 60 branches but plans to add at least five more in the next couple of years.…
Banking
A credit union teams with HGTV house flippers to revitalize Detroit
[ad_1] Keith Bynum, left, and Evan Thomas, co-hosts of HGTV’s “Bargain Block”, are partnering with Community Financial Credit Union. “Anything that can encourage more…
Banking
A year in diversity: Credit union leaders fight for change
[ad_1] Financial institutions competing for talent and new markets of consumers have expanded suites of services and adapted hiring practices to reach underrepresented demographics.…
Banking
Credit unions put training over hiring to boost loan results
[ad_1] Though they face serious challenges in bringing in business-lending experts, U.S. credit unions continue to fill their portfolios with commercial loans. Historically, one…