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Star One Credit Union and Dow Chemical Employees Credit Union posted impressive dividend numbers in the second quarter of 2017.
Strategies to reward loyal patrons differ among financial institutions as well as from region to region.
Besting national averages across various penetration and efficiency rates, financial cooperatives in the Keystone State are efficiently serving members and expanding books of business with their current staffing models.
This quarter, Credit Union Strategy & Performance is all about showing off successes and looking forward to the future.
The Loan Star State has the highest number of credit unions at 475, and its stellar growth and member metrics evokes the saying “Don’t mess with Texas.”
A Colorado credit union’s popular CD special drew in $80 million as well as rate chasers looking for a good deal during bad times.
CoVantage Credit Union’s $1.7 million patronage payout in 2014 marked the 33rd consecutive year the Wisconsin credit union has returned extra value to its loyal member-owners.
Workers’ Credit Union started its patronage dividend in 2013. In 2015, it wants to give back $3 million to its membership. Here’s how.
A 2015 Callahan & Associates survey finds capital is a key reason to pay out to members. Yet despite the fact everyone likes to get money back, financial cooperatives don’t appear concerned about reaping the positive publicity.
Paying a patronage dividend helps engender loyalty among a credit union's membership and strengthens its brand in the community.
The benefits are endless!
Bonus dividends help credit unions stand out from banks and increase their member rosters.
Introducing monthly dues was a risky move for Arizona Federal. Yet one year later, the credit union has a more engaged membership as a result.
Credit unions have much to celebrate when they visit their legislators during this year's GAC. Here are five significant ways credit unions impacted their communities and members in 2013.
With dividend bonuses, credit unions drive home the message that their members are appreciated by timing the payouts with a holiday.
Distributing patronage dividends is a great way to educate members about the benefits of credit unions and encourage them to use more services.
The ability to create shared member value differentiates credit unions from other financial services providers.
Turn to a model of thinking that embraces consumer ownership and member’s economic participation.
For more than 30 years, MECU of Baltimore has offered a year-end dividend to reward loyal members. Now, the Maryland credit union provides a summertime boost as well.
A post-merger financial analysis of United Federal Credit Union.
Green Bay's PCMCU uses generous member rebates to turn its hefty capital ratiointo a member benefit.
Patronage dividends enhance relationships and the bottom line, but they demand a thorough cost-benefit analysis.
Positive indicators abound for credit unions, and it’s never too soon to start lifting expectations.
In challenging market and regulatory environment, building member loyalty is one way to foster future success.
A message from the banking sector provides a ray of light contrary to gloom and doom forecasting.
In a time of industry-wide reduced patronage dividend payouts, Doug Fecher offers his thoughts on how Wright-Patt Credit Union returns value to its members.
The economic strength of CUSOs, signified by large yearly dividends and the success of the CUSO-centric services such as shared branching, boost the finances of participating credit unions and create a healthier bottom line for the industry.
With over 7,500 credit unions reporting March data in our FirstLook program, the industry as a whole remains in the black for the fourth consecutive quarter.
Three mutually reinforcing relationships at the core of the virtuous cycle promote credit union growth, even during times of economic fluctuation.
One of the most important issues facing credit unions today is capital options. San Francisco Fire CU has developed an innovative solution in the form of their Member Capital Account.
While the average credit union ROA may have slipped in the first quarter of 2008, a little perspective can go a long way.
As earnings have been a major focus in the credit union media, the cause for the decline in net income may not be what you think. Two CUs also share their thoughts on the current environment.
Interest refunds and bonus dividends offer members additional value, extend the cooperative model, and differentiate your CU from the neighborhood bank.
Credit unions around the U.S. differentiate themselves by giving patronage refunds. What can we learn from their example?
Three recent credit union announcements of patronage refunds as presented on the Credit Unions’ websites.
Credit unions that make patronage refunds – rebates on loans and bonus dividends on savings – have the confidence to act on their vision of what credit unions should be. In this they have made a unique credit union differentiator and demonstrated some inspiring leadership.
340 credit unions disbursed $67.5M in interest refunds to members in 2006. Should more credit unions think about the practice for 2007?
The first quarter was a good start in more ways than one.
Ensuring employees understand the credit union difference is critical in educating members. One idea for how to demonstrate the difference to both may be to post recent press releases – the value difference in clear.
Activist investors may be a thorn in the side of corporate America, but thinking like they do can focus credit union decisions about capital and investing.
Financial services headlines are talking about the impact of the changing bankruptcy law on the bottom line. During 2005, loan balances subject to bankruptcy in credit unions rose by 17 percent. But is this really what caused a decline in ROA?
Learn six distinct strategies to grow your shares in a period of slow growth. These best practices range from tiered pricing and bonus dividend approaches to marketing promotions.
The net spread per employee ratio is a productivity measure that portrays a wide array of business models among credit unions over $1 billion in assets.
CUs' dividend payout ratio dropped from 43 percent in 1998 to a low of 23 percent at the end of 2004. Are credit unions caught between a rock and a hard place?