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 [...]
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 [...]
In our work with credit unions across the United States, we experience a variety of perspectives about checking. For most, it is part of doing business, but not necessarily a concerted point of focus. Who [...]
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.[...]
The number of checking accounts has fallen by almost 100 million in the last six years, thanks to competition from fintech products and companies such as Walmart, Starbucks and Apple, according to new research from [...]
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 [...]
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 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 [...]
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.[...]
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 [...]
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’[...]
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’[...]
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 [...]
So, you want to do business-to-business selling. So, you have a limited budget. So, you are expected to positively differentiate your institution when you are going up against large banks with large ad budgets and [...]
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 [...]
