Posts Tagged ‘Small Credit Unions’

I wish I thought of this tag line

I wish I thought of this tag line

“When we lose small, we lose big” This phrase is not about the continual decline of smaller credit unions via merger and the lack of new charters. Rather it is the advertising lead for Goldman [...]

The secret for small undesirable credit unions

The secret for small undesirable credit unions

We all know many small and mid-sized credit unions find it hard to stay ahead of the curve when it comes to facilitating tech. So, when it comes to talking branding and marketing strategy, quite [...]

Small credit unions an endangered species?

Small credit unions an endangered species?

A hot topic for 2018 has been the struggles of small credit unions compared to their larger peers. 2018 economic developments are broadly supportive of favorable credit union operating results and the first quarter was [...]

CFPB should increase relief in ‘rural’ definition rule

CFPB should increase relief in ‘rural’ definition rule

The Consumer Financial Protection Bureau's (CFPB) proposal regarding rural and underserved areas is a positive step, but CUNA urged the agency to take further regulatory relief steps, in a comment letter filed Monday. The CFPB [...]

The big squeeze on small credit unions

They may be on the verge of extinction. On a hot, sunny morning last fall, 69-year-old retiree Pamela Chappell of Citrus Heights hit rock bottom. She was scraping by on Social Security checks and a [...]

CFPB chart maps QMs for small credit unions

The CFPB put out a reference chart to show small creditors, including credit unions, what types of mortgages will meet the bureau’s “qualified mortgage” standard that takes effect in January. “These charts offer an [...]

Small Credit Unions Turn to Hosted Cores

BY ROBERT MCGARVEY The Rundown About 30% of CUs use a hosted core. Small credit unions particularly find many benefits besides cost savings. If CU regulators push for off-site cores, the rush will be on. [...]

Mergers Will Continue to Cull the Credit Union Herd

Mergers Will Continue to Cull the Credit Union Herd

BY ROBERT MCGARVEY The Rundown By 2025, the United States will have around 4,500 credit unions. Many smaller credit unions don’t have the wherewithal to compete with banks. The cost of technology and [...]

Stay connected to the credit union community with our free newsletter!

Delivered to the inboxes of thousands of credit union leaders daily.

You have Successfully Subscribed!