The Federal Reserve’s quarter point interest rate increase late last year was a small step at the time, but is expected to produce a ripple effect. Your Strategic Link partner CSCU provides insight to help credit unions manage their products in a rising interest market.
The NCUA has $2 million to give to low-income credit unions looking to launch new products, grow capacity, develop a digital presence, or invest in cyber-security infrastructure. Applications are being accepted through June 30.
CO-OP shares the inside scoop on how to launch new products with buzz and success.
Consumer finance think tank Filene released eight new concepts and called for credit unions to help them further test the programs in the marketplace.
The Consumer Financial Protection Bureau (CFPB) released proposed amendments to the ability-to-repay rule. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “When advertising a loan product, if I want to disclose the APR, what else am I required to disclose?”
Recent settlements involving unfair and deceptive marketing practices should serve as reminders that credit unions need to pay close attention to complying with the Unfair, Deceptive or Abusive Acts or Practices rules.
Credit unions looking for ways to remain viable and competitive can no longer rely on conducting business as usual. As the opportunities to generate fees from traditional services are reduced, many are concerned with how to maintain a level of income that allows them to offer the services that keep them competitive. It’s a challenging balancing act at best.
One in twenty Americans—12.6 million people—was victimized by ID theft last year, with fraud losses of nearly $10 billion reported. Our Strategic Link question of the week addresses possible solutions.
ICUL Service Corporation, a Strategic Link business partner, will begin offering mobile banking solutions for credit unions through a recent partnership with CU Mobile Apps, a rapidly growing provider of progressive mobile technology.
The height of last year’s Bank Transfer Season had many credit unions scrambling to keep up with demand from consumers wanting to switch from a big bank to a local credit union. A new program from BancVue called Kasasa has made it easier for consumers to switch while helping smaller institutions match the scale of the national banks.
A white paper from Strategic Link business partner Catalyst Corporate reveals that most credit unions offer mobile banking or plan to introduce it within the next year. Catalyst recently unveiled a mobile banking product to help credit unions keep pace.
The CFPB has issued an advance notice of proposed rulemaking and is now seeking comment, data and information about general purpose reloadable prepaid cards. The bureau intends to issue a proposal to extend Reg E protections to cover GPR cards.
Diebold, a new Strategic Link business partner, is introducing an exclusive, interactive online forum that incorporates credit union feedback into its product development efforts.
Strategic Link business partner MAP outlines a series of best practices in a new document to help credit unions achieve a boost in Visa debit profitability through their individual branches.
LoveMyCreditUnion.org leverages membership numbers to offer a well-rounded consumer purchasing program to credit union members. Credit unions can then earn non-interest income for marketing the programs.
Rich Trace, CUNA Mutual Group’s Director of Product Management for Credit Insurance, says that cross-selling is a useful tool in educating members about valuable, under-utilized products such as credit insurance and debt protection.
A CUNA Mutual Risk Consultant says fraud management needs to reach across the entire business enterprise, not just silo monitoring.
Whether one enters the Spectrum Marketing and Communications Awards for the evaluation or the exaltation, the June 17 early deadline is nearing. It’s time to choose what your credit union will enter.