Posts Tagged ‘Checking Accounts’

Only 1 in 5 CUs offer free checking

Only 1 in 5 CUs offer free checking

Moebs Services is reporting that credit unions have dramatically reduced their offerings of free checking. Free checking has declined by 59.2 percent so far this year at credit unions. According to Moebs Services, only [...]

Checking – Dead or alive?

Checking – Dead or alive?

The lowly checking account. Once the primary vehicle for member transactions, but now second fiddle to an assortment of payment alternatives. At least that is what many postulate and pronounce. Recently, we reported on the [...]

A shake-up in checking is underway

A shake-up in checking is underway

The word “checking” is “going the way of the word “slide rule,” according to a new analysis that offers a number of “startling” insights into how the checking account market is changing in the U.[...]

An ‘early warning’ about big name players

An ‘early warning’ about big name players

Is it time for credit unions to be more concerned about checking competition from some big-name, big-budget brands that also own fintechs? Despite the record level of deposits in checking accounts, the number of depository [...]

Are checking accounts financial services ‘film’?

Are checking accounts financial services ‘film’?

In the past, photography relied on film and printed photographs. Today, it relies on electrons to capture and distribute images to our family members and friends. The tools we once associated with photography became obsolete [...]

The role played by one credit union’s ‘best’ account

The role played by one credit union’s ‘best’ account

The nation’s “best” online checking account is doing a lot more than driving new accounts–it’s doing what all good checking products should do—building deeper relationships. Consumers Credit Union’s Free Rewards [...]

Credit unions more likely to offer only one checking account

Credit unions more likely to offer only one checking account

A Moebs $ervices Study on Checking Account Types & Features found that credit unions in comparison to other depository institutions tend to offer a single checking account option to consumers. The study noted that 11.[...]

Feeling good about checking

Feeling good about checking

A novel checking account introduced back in 2008 that gives members the opportunity to earn extra interest and support a favorite cause has become a staple product for Seattle Metropolitan Credit Union. When members open [...]

The future of overdraft

The future of overdraft

Compliance risk has become one of the most significant ongoing concerns for financial institutions. Staying compliant is a constant battle and expense for everyone, and as the scope of regulatory focus continues to expand, it’[...]

Do your checking accounts undermine your marketing strategy?

Do your checking accounts undermine your marketing strategy?

Most financial marketers view checking as a series of individual accounts rather than a holistic entity with the capability of advancing broad corporate objectives. As a critical element in an institution’s marketing arsenal, it’[...]

Attrition, and how to curb it

Attrition, and how to curb it

The War of Attrition Any activity, any game, any bit of work, is a numbers game. If you look at any objective that needs reached in any field, you’ll find that you need to [...]

6 perks you can get at a credit union

6 perks you can get at a credit union

by: Gerri Detweiler If you’re not a member of a credit union, you may wonder why anyone is. You don’t see their ATMs all over town, nor do you hear much about their [...]

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