Lending Perspectives: With credit unions’ mortgage success comes responsibility
In 2006, I attended a roundtable in Las Vegas to discuss how credit unions could build market share in mortgages. At the time, credit unions had about 2% of the ...
The latest from John Pettit
Congress, not regulators, must solve marijuana banking problem: Mnuchin
Congress, not federal regulators, must fix the marijuana banking conundrum, Treasury Secretary Steven Mnuchin told a House subcommittee last week. “I don’t believe that this is a failure of ...
Something borrowed. Something due: A VITA(L) service at tax time takes on new importance
The VITA volunteers at ACMG Federal Credit Union($62.1M, Solvay, NY) saw close up the angst that’s been reported around the country this year as some taxpayers realize ...
Minding your PAU: How 3 key metrics drive payments growth
Payments drive revenue, relationships, profitability and trust. Increasingly, they are the epicenter of your relationship with members as a key driver of preferred financial institution (PFI) status. But growing your ...
A shift in approach that actually results in… well, results
In an era of rapid change and marketplace disruption, we’re all challenged to help our customers/members identify and address a host of evolving needs. Realizing traditional methods – known ...
Financial marketers see pros and cons in marketing’s changed role
Banking is undergoing some of the most sweeping changes in its history and financial marketers are in the thick of it. The challenges their institutions face from fast-moving, tech-savvy competitors ...
Revised marijuana banking bill gains new support
U.S. senators have introduced a revised version of the Secure and Fair Enforcement (SAFE) Banking Act in an effort to connect legal marijuana companies to banking services, and the ...
Small CU committee shares merger, CECL concerns with NCUA
CUNA’s Small Credit Union Committee wrote to NCUA about merger trends, the current expected credit loss (CECL) standard and other issues this week. The letters follow a meeting between ...