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Oct 4, 2024 | 
bai.org | James White
When students go back to school, busy parents have enough to worry about without having to stress over their finances. In quick order, the calendar year will end, and adults face important milestones that require them to make financial planning a priority. That’s where banks and credit unions can help. The need to reevaluate finances is more relevant than ever.
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Jul 15, 2024 | 
thefinancialbrand.com | James White
Within the next year, a significant number of bank CDs will mature, totaling approximately $2.5 trillion. Another nearly $9 trillion in government debt holders will also look for their next investment. Where will all these funds end up? Personalized engagement is now one of the best ways to retain them or win them over to your institution. FacebookTwitterLinkedInEmailPrintIn three months, nearly $950 billion in bank CDs will come to term.
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Jun 13, 2024 | 
cutimes.com | Michael Ogden |Peter Strozniak |James White
The research institute aims to study why credit unions struggle to attract new and younger members. Credit/Adobe Stock Millennials and Gen Z are crucial for the future of credit unions, according to the Madison, Wis.-based Filene Research Institute. That statement appears to be the crux behind Filene's decision to open up a new area of research to identify strategies for credit unions to attract, engage and retain a younger set of members to help the industry thrive in the future.
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Jun 12, 2024 | 
cutimes.com | Michael Ogden |Peter Strozniak |James White
If approved, the combined credit union will have assets of more than $4.8 billion. Credit/Shutterstock Officials with the Fairfax, Va.-based Apple Federal Credit Union and NextMark Credit Union unveiled their plans on Wednesday to merge the two organizations into a nearly $5 billion credit union. If approved, the merger could be completed by November of this year. Michael Ogden Editor-in-Chief at CU Times. To connect, email at [email protected].
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Jun 11, 2024 | 
cutimes.com | Peter Strozniak |James White |Michael Ogden |Jim DuPlessis
If approved by the NCUA and members, the merger of Adventure and Astera credit unions would manage more than $647 million in assets. Map of Michigan. Credit/Shutterstock Michigan's $448 million Adventure Credit Union in Grand Rapids and the $198 million Astera Credit Union in Lansing announced last week that they plan to merge by the fall of this year, pending approvals from members and the NCUA.
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Jun 7, 2024 | 
cutimes.com | James White |Jim DuPlessis |Peter Strozniak |Pam Cohen
From graduations to weddings, the season's events bring opportunities for CUs to deepen member relationships. Credit/AdobeStock The macroeconomic forecast may be cloudy and uncertain, but here's the sunny outlook for credit unions: Warmer weather brings about a lot of exciting changes for members. Traditionally, the summer months usher in graduations, weddings, vacations, new homes on the market – all major milestones in the lives of our members.
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May 9, 2024 | 
bai.org | James White
Right now, the most renowned and well-resourced experts and analysts are struggling with forecasts (When will rates drop? Will consumer confidence last?) But here’s a forecast banks can count on: Summer is coming, and that brings an irrepressible stream of big milestones in your customers’ lives. High school and college graduations. Weddings. Summer vacations. Even home improvements that have been percolating in consumers’ minds all winter long.
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Apr 5, 2024 | 
bai.org | James White
You’ll find a version of this article and additional insights for growing deposits and attracting customers in the BAI Executive Report: Strategies for customer growth, deposits and retention. We’re all thrilled to hear that interest rates are expected to drop in 2024, but that news is a double-edged sword. The better loan rates become, the more pressure we’ll receive to finance those loans at the lowest cost of funds possible. This will make gathering and retaining deposits even more important.
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Feb 12, 2024 | 
newyorkfolk.com | James White
On the “Pod Meets World” podcast, co-hosts Danielle Fishel, Rider Strong and Will Friedle have often given their guests — many of whom are actors who grew up on TV in the 90s — the opportunity to debunk any headlines about them. During the Feb. 12 episode, Andrew Keegan was ready to do just that. “You mean when I woke up one day and I was anointed a cult leader?” he asked with a laugh during the iHeart podcast.
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Jan 24, 2024 | 
bai.org | James White
As we push into 2024, financial services strategists are asking: What new pressures do banks need to prepare for? And how will banks balance the instinctive drive to belt-tighten with the need to grow in a decelerating economy? Two new stressors: increasing loan losses and growing regulatory scrutinyWe’ll see the same disruptive forces continue to cause stress for banks in 2024: high interest rates, reduced money supply and slower macroeconomic growth.
