Category: Credit unions
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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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Attention Credit Unions!
By CUEvangelist (Originally published in CUInsight – August 16, 2024) In today’s marketplace, attention has become the ultimate commodity. Gone are the days of traditional media when newspapers, magazines, radio, and even television were at the forefront of gaining customer attention. At little to no cost, social media platforms are…
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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…
