Blog
Stay up-to-date with the latest developments in credit unions and how they can impact your financial future.
Generational Banking: Credit Union Services for Millennials & Gen X
Are you a credit union looking to tap into the potential of millennials and Gen X? Look no further! In this article, we will explore how you can attract these prospective members while driving loyalty and increasing your bottom line. With their increasing purchasing...
Generational Banking: Marketing Credit Union Services for Gen Z & Baby Boomers
For financial institutions, understanding and catering to the preferences of various generations is essential. Credit unions must navigate the diverse expectations of baby boomers, Generation X, millennials, and even Generation Z to remain competitive. The...
Empowering Credit Unions: Winning Millennial and Gen Z Business
As inflation looms and costs rise, credit unions are strategically tapping into technology, data analytics, and better loan offerings to attract the attention of the younger generations, particularly millennials and Gen Z. These digitally inclined members...
Regulators Call for Credit Union Support in Commercial Real Estate Stress
The Federal Reserve, Federal Deposit Insurance Corp., Office of the Comptroller of the Currency, and National Credit Union Administration have issued new guidance urging financial institutions, including credit unions, to provide short-term accommodations for...
Navigating Rising Interest Rates: How Credit Unions Can Thrive
In the world of finance, we often get caught up in buzzwords and complicated theories. But at its core, the economy is straightforward: supply and demand determine prices, purchasing power drives demand, and technology shapes supply. When demand is higher than...
Deposit Flight: 5 Ways Credit Unions Can Seize the Opportunity
In recent months, the financial sector has been experiencing a significant shift known as deposit flight. Several banks (Silicon Valley Bank, Signature, and First Republic Bank) collapsed due to this phenomenon, where customers withdraw their deposits and move...
FedNow and Your Credit Union: Are You Ready?
In the rapidly evolving financial landscape, credit unions play a vital role in providing innovative solutions to their members. As the Federal Reserve prepares to launch the FedNow service this month, credit unions need to stay ahead of the curve and embrace...
How CUs Can Help Combat Financial Fragmentation
Financial fragmentation is a major issue facing many individuals and families today. It refers to the feeling of being overwhelmed by financial responsibilities, and struggling to keep up with bills, debts, and other financial obligations. This can lead to...
Financial Literacy and Cybersecurity: How They’re Linked
Financial literacy and cybersecurity are two critical topics often discussed separately, but they are more closely linked than you might think. In today's digital age, it's vital to recognize the connection between these two areas and understand why it matters....
5 Ways to Fix Your Credit Union Strategic Plan
A strategic plan is an important tool for any financial institution. It helps to ensure that all staff members are on the same page and provides a roadmap for reaching desired goals. Unfortunately, even with careful planning, there can be issues or problems with a...