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May 8, 2024 | 
cuinsight.com | Tansley Stearns |Amanda Reed |Lauren Culp |Daragh Fitzpatrick
A funny thing happens as you grow your career from the early stages and learn and flourish as a leader. The beginning stages often start with subject matter expertise. In my first few months as a marketer, I was a creative and eager writer with little expertise specific to credit unions. I remember my initial copy being filled with edits, changes, and suggestions to improve. I took it hard, and I took it seriously.
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May 8, 2024 | 
cuinsight.com | Amanda Reed |Lauren Culp |Daragh Fitzpatrick |Cynthia Campbell
Let’s face it, the image of a trusty piggy bank filled to the brim with coins feels a tad … well, quaint. Don’t get me wrong, there’s a certain charm to that childhood symbol of saving, but isn’t it time we challenged the familiar? Because here’s the thing: reimagining what’s “normal” is the launchpad for innovation, collaboration, and—you guessed it—ultimate sustainability for the incredible credit union movement.
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May 7, 2024 | 
cuinsight.com | Lauren Culp |Daragh Fitzpatrick |Cynthia Campbell |Randy Pennington
A new report from Elan Credit Card and PYMNTS Intelligence surveyed consumers to learn preferences on general-purpose versus co-branded and store credit cards, drivers that impact consumer choice, and trends by demographic. Results show that almost 77% of consumers own a credit card and when asked why consumers selected their preferred credit card type, “trust in the financial institution that issued the card” ranked as a top reason for general-purpose cards.
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May 7, 2024 | 
cuinsight.com | David Baumann |Lauren Culp |Daragh Fitzpatrick |Cynthia Campbell
Thirteen years after the rule was supposed to be finalized, on Monday federal banking regulators again proposed a rule governing incentive-based compensation practices at financial institutions. The proposed rule was issued by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Housing Finance Agency. The National Credit Union Administration is expected to sign on to the proposal in the coming days.
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May 7, 2024 | 
cuinsight.com | Lauren Culp |Daragh Fitzpatrick |Cynthia Campbell |Randy Pennington
Today, THINK 24 kicks off in Nashville with nearly 800 credit union professionals in attendance. This event is the legacy conference from Co-op Solutions, which earlier this year combined with former competitor PSCU. However, the biggest news of the week is all about brand: specifically, the new brand for the combined PSCU/Co-op Solutions organization.
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May 7, 2024 | 
cuinsight.com | Bo McDonald |Daragh Fitzpatrick |Cynthia Campbell |Randy Pennington
“Some of them are just passing away!” I’m a marketer, not a doctor, so I can’t help with that. “68% of consumers leave a business relationship because of a perceived attitude of indifference.” I’m a marketer; I may be able to help with that. But let’s dive deeper into this statement and follow my golden rule of “asking a freaking question.” What causes that indifference, and what needs to change within your credit union to build a lasting relationship?
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May 7, 2024 | 
cuinsight.com | Angela Mae |Daragh Fitzpatrick |Cynthia Campbell
For many people, retirement means living on a fixed income and cutting costs to reduce expenditure. And while these are both sound strategies to help stretch the dollar, sometimes the better option is to spend a little instead. If you have a little extra money, say $5,000, you might want to allocate it toward things that boost your future financial security and personal happiness. This could be low-risk investments or it could be checking off something on your bucket list.
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May 7, 2024 | 
cuinsight.com | Caroline Hroncich |Daragh Fitzpatrick |Cynthia Campbell |Randy Pennington
Across all industries, employees are worried about AI. A whopping 75% of workers are concerned about AI making certain jobs obsolete, and 65% are concerned about AI taking their job, according to a survey from . Bank employees, in particular, may have good reason to be concerned. More than half (52%) of entry level positions at banks are set to be impacted by generative AI, according to Gartner research.
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May 7, 2024 | 
cuinsight.com | Daragh Fitzpatrick |Cynthia Campbell |Randy Pennington |Armstrong Speakers
Big box retailers are attacking consumer convenience, security, and value with the Big Box Bailout bill, America’s Credit Unions President/CEO Jim Nussle, American Bankers Association President/CEO Rob Nichols, and Independent Community Bankers of America President/CEO Rebeca Romero Rainey wrote in American Banker Monday. “These new mandates will not only jeopardize your security — they will also drive up costs for community banks and credit unions across the country.
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May 7, 2024 | 
cuinsight.com | Daragh Fitzpatrick |Lauren Culp |Cynthia Campbell |Randy Pennington
Liquidity challenges have been a top concern for credit unions and members for some time now, especially following the large bank collapses of 2023. Even though interest rates have begun to stabilize, the continued threat of recession has led to a more conservative approach by credit unions and members alike. In a time where there is fierce competition for attracting and retaining deposits, how can your credit union stand out?
