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Our whitepapers are written by the movement’s leaders, giving you insight into the hottest topics.
CUs need to make a good connection with members on the least expensive, most convenient channel for both: the smartphone. Plus: Is 2016 the tipping point for mobile payments?
Adapting a famous line from President John F. Kennedy, credit union service organizations ask not what their credit union owner-clients can do for them.
Updated accounting standards issued by FASB will impact credit union operations related to measurement and recognition of financial assets and liabilities.
Non-qualified deferred compensation plans allow credit unions to reward and retain key employees through specific compensation payments made in the future.
Bank Owned Life Insurance (BOLI) can help your credit union offset employee benefits expenses.
To achieve greater relevancy with young people, financial institutions will need to think beyond conventional approaches while demonstrating a broader interest in millennials’ overall well-being. A potential way forward for banks would be to offer products and services more directly targeted to the needs of millennials and by communicating with them in a manner that better reflects their habits and preferences.
Check writing isn’t what it used to be. Check volumes continue to drop,and that’s good news for banks and credit unions, because checks are expensive to process, and they still generate a higher fraud rate than any other payment types, except debit cards, by a narrow margin. So can financial institutions relax, and cross check fraud prevention off their lists?
In about the time you've already devoted to reading this article, another Baby Boomer will have turned 65. Assuming he or she is retired, as the majority are at that age, earned income has taken a big fall. Maybe they're already drawing Social Security or maybe not. Would your credit union offer a mortgage to this rapidly swelling cohort?
CUES, in partnership with Decision Strategies International, Inc. (DSI), one of the world’s leading companies in the area of scenario planning, brings you Scenarios for Credit Unions 2020: Striving to Stay Relevant in a Rapidly Changing World. The study focuses on four distinct future scenarios, and challenges credit union leaders to question their assumptions and to develop a more flexible, multi-faceted view of the future.