Digital-only Alliant Credit Union overhauls account-opening
The Chicago-based institution partnered with MANTL to streamline how credit unions onboard new customers in multiple channels.
Source: americanbanker.com
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Top banking news this month: December 2022
In this month's roundup of American Banker's favorite stories: a deep-dive into how 2022 accelerated the decline of overdraft fees, Zelle's plan for addressing fraudulent transactions, the National Credit Union Administration opens the doors for fintech and credit union partnerships for lending and more.
Source: americanbanker.com
A year in diversity: Credit union leaders fight for change
Executive coaching programs and specialized employee resource groups have helped financial institutions broaden their available pools of talent and ensure more representation throughout all levels of management.
Source: americanbanker.com
Credit unions put training over hiring to boost loan results
Commercial loans at federally insured credit unions increased 25% to $132.2 billion in the third quarter of 2022, even though many institutions are facing a tough job market. Their answer is to find strong candidates within their own ranks.
Source: americanbanker.com
Credit unions ramped up bank-buying in 2022
Credit unions announced 15 deals for banks in 2022, surpassing 2021's total — with much of the momentum coming late in the year.
Source: americanbanker.com