Category: Credit unions
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Why People Are Switching to Their Hometown Banks
Community banks and credit unions are outperforming the banking industry as customers push back against consolidation By Imani Moise, Wall Street Journal – March 5, 2024 Jana Dalton used the same bank for 40 years, depositing checks and withdrawing cash from the account she first opened at age 16. Now, she’s switching…
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Text-Generative AI and the Future for Credit Unions
Published by Filene Institute – February 5, 2024 Ignacio Luri, Assistant Professor of Marketing at DePaul University Noël Manushi, Finance and Marketing Student, DePaul University This report examines TextGen AI technologies to separate fact from fiction amid the hype in such a way that allows credit unions to analyze the…
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What is CUEvangelism?
By CUEvangelist – March 4, 2024 Credit union evangelism promotes and educates the general public, stakeholders, legislators, employees, and volunteers about the credit union difference. CUEvangelism also advocates on behalf of credit unions by raising awareness of the history, “people helping people” philosophy, and credit union motto of “Not for…
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Credit Unions In The Metaverse
By CUEvangelist – Originally published on CUInsight.com- February 28, 2024 Imagine a world where traditional banks never existed and where credit unions were the only financial institutions. A reality where the word “banking” was never in the American lexicon and the acronym FDIC stood for the Fire Department Instructors Conference.…
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Merrimack Valley Credit Union holds annual Credit for Life Fair
Published by Merrimack Valley Credit Union – February 2024 The event prepares graduating seniors for adulthood by simulating important financial decisions. Methuen, Mass. – On Friday, Feb. 16, Merrimack Valley Credit Union (MVCU) and Methuen High School (MHS) teamed up for the fifth year to present the Credit for Life Fair…
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Bethpage Offers Qualifying Taxpayers Four Different Free Tax Filing Options for 2024
Press Release by Bethpage Federal Credit Union – February 22, 2024 Bethpage, NY – February 22, 2024 – Qualifying taxpayers will have four different ways to file their taxes for free this year, thanks to Bethpage Federal Credit Union, the only financial institution to offer the IRS’ Volunteer Income Tax…
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LAFCU’s new $10K grant to provide funds for needed school improvements, upgrades
Press Release Published by LAFCU – January 31, 2024 LAFCU’s Innovation For Education LANSING, Mich. — LAFCU is encouraging all K-12 schools in Michigan to submit a video application by April 30 for a chance to win $10K to make necessary improvements to their school. As part of its newly…
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Small Credit Unions: Be Fruitful and Multiply
According to the agency’s reports, NCUA approved 487 mergers from 2021 – 2023. In addition, as of September 2023, NCUA listed a little more than 3,500 federally insured, “small credit unions” with assets less than $250 million. If the current merger trend continues for the next three years, roughlyspeaking, there…
