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Four reasons vehicle affordability is at an all-time low and how residual-based financing can offer a solution with lower monthly payments
Think there’s no room for creativity in banking? Think again. These stories from the last month reveal a host of new ways credit unions are finding to serve members and make a difference in their communities.
The Illinois-based credit union retrofitted a former Sam’s Club store in order to house its growing workforce, adding with a variety of unique features intended to make going to the office feel a little less like going to work.
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A mentoring experience offered one participant the chance to better understand biases, stand in another person’s shoes, and put DEI principles into action.
First mortgage originations at credit unions have risen substantially in the last decade, a period in which median home values have nearly doubled.
The industry can fill a void on the social app, where posts intended as financial education are frequently just vehicles for content creators to promote their personal brands.
A six-week, 1-to-1 mentoring program connects white women in senior leadership positions with up-and-coming black women in the credit union industry to open discussion around the racial divide and gender bias.
Special loan programs at cooperatives across the country address equity, financial deserts, emergency aid, and climate change.
Financing alternatives for electric vehicles make mission sense for two cooperatives in Denver and Seattle.
Strong loan growth combined with increased investment and fee income helped propel credit union net income during the first quarter.