How are credit unions using digital signs? Anywhere and everywhere! In their branches, in conjunction with community partners, on external signs and other stand-alone locations. But digital signage does not have to cost a lot [...]
U.S. branch closings are increasing in record numbers according to 2013 research performed by SNL Financial. This means that the number of communications financial institutions are having to send out are increasing as well, [...]
In this corner… the Contender, Fixed Limits, challenging the formidable upstart, Dynamic Overdraft Limits…. Indeed it may seem like you’re in a boxing match when deciding what type of overdraft limits you will offer [...]
There is a high likelihood another large data breach will occur in 2016, so it is essential your financial institution is armed with a written data breach action plan that includes steps to prepare for, [...]
As many of us know, the daily life of the average person has changed drastically over the years. People are spending more time on their mobile devices and online than ever before. Sure, people still [...]
In one of my recent blog posts, I discussed the growing popularity of peer-to-peer (P2P) transactions in the U.S. Some experts predict that 2016 could be the year P2P payments go mainstream. For P2P [...]
First mortgages currently make up the largest segment of credit union loan portfolios, and have experienced consistent growth over the last three years. This growth has been spurred by low interest rates and exceptional [...]
Growth within any organization can be a benefit and a curse. As a company grows, it faces the challenge of on-boarding new employees while rising to the increased demands of a growing customer base. In [...]
New thinking is scary, but old thinking is truly dangerous. Old thinking is safe; grounded in sensible logic that advises you to stick with what’s worked in the past. Historic business paradigms and pricing [...]
Regulatory reform is like the weather: everyone talks about it, but no one really does anything about it. So, even as you rail against the CFPB remember that, unless you think Tinker Bell is going [...]
What makes a financial institution’s branching strategy successful? Many experts point to “more locations and branding.” Agreed; however, what if the target community doesn’t have any suitably sized site options within the desired [...]
EMV chip cards have long been the standard for global electronic payment anti-fraud technology in just about every developed country in the world except the United States — until now. An Executive Order issued by the [...]
Businesses are always looking for ways to improve efficiencies and processes, and more often than not, this means implementing a new system or tool throughout their organization or customer base. Of course, these opportunities come [...]
“[CUSOs] provide a means to an end – allowing credit unions the capability to fulfill the financial needs of their members in a cost effective environment through efficient delivery channels. Plus, they attract the brightest and [...]
One of my colleagues in the northeast purchases his snow blowers from a dealership. I asked him if he could get that piece of equipment cheaper from one of the super retailer stores. He said [...]
