“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…
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…
Credit unions need revenues. Members need financial services, and today we’re honing in on vehicle service contracts. Your mission is to build financial empowerment, while achieving those two goals. And where does GreenProfit Solutions feature in this? Great question. We do the research, shared in our Learning Library, to bring…
Try to get through a day without referencing, discussing, or processing data. Did you get anything done? It’s highly unlikely. Data is crucial to the operation of your financial institution. It wasn’t long ago that decisions were made based on guesses by your long-time staff, predictions, and straight-up “gut” instincts….
Considering Loan Participations for your financial institution? Not sure what they even are? Want to learn the pros and cons? Curious about the process for setting them up? You’re in the right place. This article will give a basic introduction, review the possible perks and pitfalls, and cover what’s involved…
