As a deposit strategy, ‘new money only’ rate offers are a poison pill
There’s a lot of irony in banking institutions’ deposit strategy right now. Some are using what one banker called a “delay and decay” approach. The idea is to hold ...
The latest from John Pettit
In conversation: Elan Credit Card and Matadors Community Credit Union
Elan Credit Card and Matadors Community Credit Union began their partnership in 2009. Over the last 14 years, Elan has provided Matadors’ 20,000+ members with credit card products, the ...
What is credit union marketing’s REAL job?
What are your expectations for your credit union marketing team? If your credit union is like most organizations, marketing is taking on a more strategic role, moving from traditional roles ...
Embrace the game changer: Transform wealth management operations with AI-driven process automations
Recent advancements in artificial intelligence, or AI, have captured attention and imagination around the world. In fact, AI and its enabling technology, machine learning, have been around long enough to ...
As credit card debt hits new high, PALs reassert their value for credit union members
Monthly bills, unexpected emergencies, and the subsequent credit card debt have been known to surprise. Rent due, and your credit union member found themselves with more month than money; tire ...
Adams: Individuals must possess financial literacy understanding
Young adults should go into college or the workforce with a “baseline understanding of how money works,” Credit Union League of Connecticut President/CEO Bruce Adams wrote in The Hartford ...
NAFCU Chief Economist on CNBC: Consumer spending is enough to prevent a recession
NAFCU Chief Economist and Vice President of Research Curt Long appeared on CNBC to discuss how consumer spending makes up nearly 70% of the economy and if that remains high, ...
Lending Perspectives: The easiest and the hardest thing to do right now both have consequences
As promised last month, I’ll mix in a little bit of storytelling to my articles for a while. I’ll be celebrating 40 years in lending in September and ...