Industry News

Welcome to another #HumanitarianHighlight!! Do you know why we love writing these blogs? Well, that the answer to that is because we love expressing and showing our community how incredible the credit union community is. Being able to show the change that is happening around us can help spark a new beginning. We are the change this world has, so being the ones to inspire others in committing to helping those around, is what we love to see. If there are any credit unions who would like to be part of any future #HumanitarianHighlight, please use the hashtag to get…

JP Morgan Chase Bank is not necessarily feeling love from the CFPB. They were levied a 4.6 million dollar fine by the bureau. It all stems from bad policy, and compliance negligence. Banks screen all potential customers for previous checking account behavior, with information gathered by various consumer-reporting businesses. On the supply end, banks are legally required to maintain proper processes to make sure the information they report about a consumer is accurate. Chase failed in this regard, and was smacked with a hefty fine. The CFPB says that because the information was not reported accurately, customers were kept in…

Click Here for the interactive Oak Tree Advantage - Credit Unions Vs. Banks       #OpenYourEyesToACreditUnion #CreditUnionvsBanks

Welcome back everyone, it's finally #HumanitarianHighlight day!! We hope you all have been having a great and successful week. Below are some credit unions that have really caught our eye, so please be sure to check them out and let us know what you think! If you know of any credit union that went above and beyond for their community, use #HumanitarianHighlight to be featured on our page!  Arizona Federal Credit Union Helping support the community, their incredible employees came together to support the Wilson Community Food Drive. They were able to deliver 412 food bags to the school in order…

♫ Happy Birthday to you, Happy Birthday to you, Happy Birthday Dear Oak Tree Business Systems, Inc., (mouthful, I know) Happy Birthday to you!! ♫ *Blows 36 candles out* (CHEERS) Now we eat cake. Wait, CAKE?! Have you ever taken a moment to think about why we eat cake on birthdays and not a giant marshmallow or any other type of food group? What is the history behind birthday cakes? Let’s start with the very beginning. The birthday cake was first invented by ancient Egyptians, because they believed that when the pharaohs were crowned, they would become Gods. In this…

Happy Thursday and happy #HumanitarianHighlight day! We have some incredible credit unions that we mentioned below who stood out to us. With their efforts in helping create a #CUdifference, they have all demonstrated the importance of a community bond and strength with standing alongside one another. If you know of a credit union or are part of one that has gone above and beyond in helping, please let us know by tagging #HumanitarianHighlight or simply contact us on any of our social media platforms.  NSWC Federal Credit Union They were able to raise $1,000 due to their Shred Day event!! The…

Are your members budgeting for retirement? If not, one of your products could help. Your membership forms package facilitates sign-up for checking and savings accounts, but after that, what are they doing? A little planning and strategy now, can yield huge dividends later. Here are some great things to keep in mind as you talk to your members about retirement planning. Know your expenses. In order to know how much they will need for retirement, your members need to know how much it costs them to live. There are a few simple things they can do. Bank Statements. Gathering up…

Happy Thursday and happy #humanitarianhighlight day!! Reading about all the credit unions who took time out of their day to help our their communities, truly shows that they care and want to help create a #CUdifference. If you know of any credit union that went above and beyond for their community, use #HumanitarianHighlihgt to be featured on our page!  Marine Credit Union Their Des Moines team donated a generous amount to the National Kidney Foundation. On top of that, they participated in the event to help support a member. Great work everyone! Southwest Louisiana Credit Union This incredible staff helped…

Content is king in the digital world! Sometimes it is completely overwhelming to keep up with the current posts! Getting your content to your members will have its ups and downs through the process of getting into the flow of the streams of content. One thing that will be a life saver is developing a content strategy! Not only will the following steps help you gain more understanding of your field of membership, it will provide valuable informative trends to adjust and expand in your strategy! Define your goal What is your goal for growth? Membership, auto loans, and/or home…

As dry subjects go, there aren’t many topics more arid than regulatory compliance. It’s virtually the Mojave Desert of subject matter. Just like a real desert, though, it isn’t wise to try to navigate the compliance landscape without knowing what you’re doing or where you’re going. The unprecedented volume of regulatory changes that were generated during the past decade has financial institutions of all types looking for a break in the action, for a chance to get their bearings. So, when serious talk of regulatory relief holds out hope that help may be forthcoming, it’s only natural for those shouldering…