Fee Schedules: When Was Your Last Peek?

Credit Union Fee Schedules

“Credit unions are different. Our members are the owners, and since we don’t answer to shareholders, we’re able to offer lower rates & fees.” That’s been the siren song of credit unions for generations. Is it still true? And do your target audiences, or even members, care? Borrowing rates are…

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Advancing Your Credit Union Mission With Checking Accounts

Mission Focused Checking Cover

For some of your members, a debit swipe can regularly cost far more than the item they purchased. OD and NSF fees. Sure, they can be opt-in, but does that make them any better? When 75% of your fee revenue comes from 8% of members, that’s not mission-focused. Those members…

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Grow Member Wallet Share with Value-Added Checking

Wallet with Cards and Money

What do credit unions have that mobile-first fintechs don’t? As many users, for one. More Millennials and Gen Y use app-based banking products than primary checking accounts at every credit union…combined. It seems the only path is to better compete on price. Free-er checking, scratch that…free-est checking! Forget the toaster,…

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Serving Underserved Small Businesses: Checking, Lending

Group of People Joining Hands

Remember the “Great Recession of 2008”? While the economic pains it caused you may only be a sore memory, many feel the effects today. For example, there are 4.1 million minority-owned companies with little or no access to traditional business credit and financial tools. Even worse, following the recession, local…

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