Category: Banking
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No Credit Union Left Behind! – 5 Reasons
Published By CUEvangelist – September 10, 2024 The credit union movement originated from humble beginnings. Over time,credit unions have flourished to hold a combined $2.23 trillion in assets at the end of the 3rd Quarter of 2023. As member-owned financial institutions, credit unions have assetsizes that primarily fit into three…
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PFI or Die?
Published By CUEvangelist – August 26, 2024 The survival of credit unions will depend on the movement’s ability to adapt and become their members’ primary financial institution or PFI. This means that credit unions cannot just offer members a place to park their savings and checking accounts. Instead, credit unions…
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Small Credit Union Profile: Alhambra Credit Union
Embracing Technology: E-branch, Texting, and Google Reviews Credit union name: Alhambra CU Location: Phoenix, AZ Asset size: $32 Million Field of membership: Community President/CEO: Eddie Moraga Alhambra Credit Union located in Phoenix, AZ, has set itself apart as a pioneer in utilizing technology to enhance member experience. With $32 million…
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SRM Releases Report: Examining the First Year of FedNow & the State of Instant Payments
Published by SRM – August 6, 2024 “With the launch of FedNow instant payment rails, the Federal Reserve set in motion a wave of bank and credit union activity, empowering financial institutions to better understand their options and explore potential use cases for business and consumer clients. As we mark…
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Small Credit Union Profile: Family Focus FCU
RE: Young People As Successors Credit Union: Family Focus Federal Credit Union Location: Omaha, NE Asset size: $43 Million Field of membership: SEG Based-Gas and Water Company in Omaha, NE CEO: Amy Brodersen Family Focus Federal Credit Union located in Omaha, NE, has implemented a transformative plan to cultivate leadership…
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Six imperatives for credit unions to secure their future
Published by McKinsey and Company – June 17, 2024 Credit union members are aging, and young people tend to see these institutions less favorably than their elders do. Here are six strategies for bringing in younger members to weather the years ahead.
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Small Credit Union Profile: LOCO Credit Union
RE: Innovative Car Sales Strategy Credit Union Name: LOCO CU Location: Alamogordo, NM Asset Size: $66 Million Field of Membership: Community Charter CEO: Deanna Schlensing LOCO Credit Union located in Alamogordo, New Mexico has developed an innovative and effective car sales strategy that benefits local car dealerships, the credit union,…
