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Departments Categories: Banking

Banking / Marketing /  • May 23, 2019
Sharing is caring
Servus Credit Union launches $1 million Big Share initiative.

This spring, Servus Credit Union (365,402 members, $15.9 billion in assets) is giving people a million more reasons to join the financial institution. As part of the new initiative, Alberta-based Servus is encouraging people to save by offering a ...

Banking / Education /  • March 29, 2019
On the ball
A partnership with the Detroit Lions headlines WFCU Credit Union’s star-studded new community engagement program.

"And when the Blue and Silver wave, stand and cheer the brave!” The rousing fight song of the NFL’s Detroit Lions is well known to thousands of Windsorites, who live just across the bridge from the Motor City. Now, Windsor Family Credit Union (41...

Banking / Business /  • February 27, 2019
Commercial break
Enhancing a credit union’s bottom line by growing its commercial mortgage lending portfolio takes preparation and staff training.

Increased regulatory oversight, heightened competition, margin pressures and the relentless need to drive profitability — does this sound familiar? Such credit union challenges are driving the need to consider new and innovative product and service...

Banking / Technology /  • February 5, 2019
Virtual teller
Alexa, Amazon’s voice-based virtual assistant, the latest technological advance in banking convenience, is undergoing testing by Canadian credit unions.

Two Canadian credit unions are testing a system that lets their members do their banking through Alexa, Amazon’s voice-based virtual assistant. The technology comes by way of Central 1 Credit Union, which developed it in collaborati...

Banking / Risk Management /  • November 22, 2018
Squeeze Play
Credit union must move away from the margin model - or risk irrelevancy.

In baseball, the squeeze play is when the batter bunts the ball hoping the runner from third can make it home before a defensive player sends the ball there. It’s called the squeeze play because it is a high-risk, sometimes...

Banking / Business /  • November 19, 2018
Synchronicity
Two credit unions team up to share costs and promote a new branch in downtown Halifax.

This past September in Halifax a milestone was achieved — the creation of Atlantic Canada’s first shared credit union branch. A collaboration between East Coast Credit Union (41,000 members, $700 million in assets) and Provincial Gove...

Banking / Business /  • May 8, 2018
Basel III finalisation brings regulatory relief
The accord’s revised capital requirements for mortgages are another bright spot for credit unions.

This past December, the Basel Committee on Banking Supervision (BCBS) finalised the Basel III international regulatory capital and liquidity accord with major revisions urged by the World Council of Credit Unions (WOCCU) to reduce regulatory burd...

Banking / Marketing /  • February 6, 2018
In credit unions we trust
Atlantic Canada’s credit unions market their strongest asset in a funny, fast-paced video that is engaging as well as thought provoking.

Credit unions have a unique business model and nowhere is that more apparent than in a zany media spot by Atlantic Central that turns traditional financial marketing on its head. Negligent gym spotters, eager car salesmen, distracted babysitters, dub...

Banking / Marketing /  • August 24, 2017
Prepaid Convenience
Desjardins is paying heed to millennials' affinity for innovative online financial services such as prepaid cards.

What comes next? It’s the perennial question as credit unions seek to ride the youth banking wave. That means appealing to a new generation that appreciates convenience and has little patience for banking fees. A survey released this...

Banking / Technology /  • December 22, 2016
Get schooled in FinTech
7 things to know

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Banking / Finance /  • March 24, 2016
The throwdown: TFSA vs. RRSP
How well do you know your tax shelter heavy weights?

Do you know the differences and similarities between these two types?

Banking / Technology /  • September 1, 2015
Recognition technology is taking off
#selfie before you spend? A body-parts breakdown on biometric authentication

Financial institutions and tech startups are making pin technology obsolete.

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