In this episode we talk with Brian Kaas, the Managing Director & President of CMFG Ventures. We discuss the state of play with credit unions today, why they are more open to partnering with fintechs, how credit unions are evolving and more.
Marketplaces are dominating so many areas of business these days. There are Airbnb, Uber, eBay, Etsy and of course the...
What Banking For The Unbanked Means For You PPP spotlights shortcomings in credit unions’ small-business push Splitit is quickly adding...
The Vice President for Innovation at CU Direct shares how credit unions are responding to the growth of fintech and...
There is an intensifying battle for IT talent in banking and small banks need to start finding creative ways to...
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The lawsuit against Navy Federal has financial institutions revisiting their fair lending practices and considering how AI fits in.
The latest edition of Credit Union Tracker, a collaboration between PYMNTS and PSCU, found that 60% of credit union customers...
The "Facebook Initiative" has helped increase lending at Irish credit unions and now 15% to 20% of loan inquiries come through the social networking site; the program initially started out as a pilot project and has moved into a key source of new leads; half of consumers that used this program never borrowed from a credit union before; the process involves a 30 second inquiry online, then lending officers call the borrowers to ensure they understand what they are borrowing; this is part of a broader move by the Credit Union Development Association (CUDA) in Ireland to spur innovation in finance. Source
The Trump administration is looking to potentially name the chair of the National Credit Union Administration to lead the CFPB; J. Mark McWatters has been seen as being a bigger credit union advocate over banks; bankers are concerned because his public record has indicated he lobbies more for breaks that favor credit unions over banks; while a decision is yet to be made bankers are hopeful that the administration will consider those from the banking community as well. Source.
Trade groups that work on behalf of banks and credit unions warned the Office of the Comptroller of the Currency...