The latest CUES executive compensation numbers for credit union executives are out and this explosion still reverberates across the industry. Total median executive comp in 2022 was up 14.9%. For CEOs the total median compensation was $515,602.
What a difference a year makes. A year ago the typical credit union was awash in deposits – much of it coming in via stimulus money – and accordingly there was a rush to get that money back out on the streets working. that meant loans.
We won’t bother linking all the statistics that support this statement: Digital banking is the front door to your digital branch.
Robert Johnston was a Marine and that is where he honed his skills at waging war in the cyber dimension – and you better believe that is where a lot of warfare now happens, from Russia knocking out ATMs in neighboring countries through nation-state hackers targeting financial institutions, both to fuel widespread anxiety and simply […]
Tom Shen is a fintech OG, one of the originals who got his start in the industry 40 years ago when it was still called just financial services.
The numbers keep rolling in. US auto loan debt continues to reach new highs. At our current trajectory, consumers will owe $1.5t—yes, trillion—in auto loans. Not the best time for these gas prices, eh?
Your members’ text. Especially your younger members but today, really, everybody texts. That means your employees text too. So why can’t your employees text members with questions and offer them help. pointers, suggestions?
There are many different uses for data analytics at credit unions. And, it seems, there are as many data analytics providers as there are uses. We believe this is a good thing. However, we understand that the plethora of vendors can make it hard to find the right one. Moreover, even reviewing our data analytics […]
Talk about miracles. River City FCU in San Antonio knew it wanted to make small business loans – many of its members owned and/or worked in small businesses – and you have to know how hard it is for any small business to snare a loan. Then up the degree of difficulty if the small […]
Credit unions often lag competitors, technologically. Technological needs must be balanced with service, growth, and profit; often, those needs compete with fintechs, compliance, IT security, and ever-changing regulations.