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Top banking news this month: March 2023 - Vimarsana News

Top banking news this month: March 2023

In March's roundup of American Banker's favorite stories: How rising interest rates took community banks by surprise, small banks and credit unions react to the collapse of Silicon Valley Bank, ex-Wells Fargo executive Carrie Tolstedt faces potential jail time and more.

One credit union's experiment with a four-day workweek - Vimarsana News

One credit union's experiment with a four-day workweek

Oregon Community Credit Union is piloting a new schedule to address rising absenteeism and concerns about stress among its call center staff.

Could bank failures rekindle credit unions' deposit growth? - Vimarsana News

Could bank failures rekindle credit unions' deposit growth?

After experiencing deposit growth above 11% in 2021, credit unions saw that figure drop to 3% last year. But some CEOs say funds are flowing in again in the wake of recent bank failures.

Lenders find more uses for alternative credit data - Vimarsana News

Lenders find more uses for alternative credit data

Companies like U.S. Bancorp have found ways to apply the information they use to serve thin-file applicants to small-business owners and other borrowers.

Banks, credit unions steer back to drive-thrus - Vimarsana News

Banks, credit unions steer back to drive-thrus

A few years ago, banks and credit unions were veering away from drive-up service in their new branches. And then the pandemic hit.