SHARED BRANCHING UNLEASHED
updated 08/13/13 08:47 AM
CU Digest Envisions Bigger Picture
Visualize walking into any—yes, any— of the nearly 7,000 credit unions across America to deposit a check, withdraw cash, transfer funds, or make a loan payment like you were standing inside your own credit union. Is it achievable? Realistic? Or even practical?
The executives behind CO-OP Shared Branching—a business entity of CO-OP Financial Services in Rancho Cucamonga, CA—believe this ambitious goal is attainable, or at least a version close to it.
"This is our zenith, our biggest moment," said Sarah Canepa-Bang, chief strategy officer of CO-OP Shared Branching, and president and COO of FSCC, LLC. "California is the canary in the mine shaft for a lot of things happening across the rest of the country. This state leads in every trend we see, so it’s table stakes here."
Time will tell whether the vision becomes a reality for the credit union industry’s biggest shared-branching network operator and largest credit union service organization. For now, dreaming will have to suffice, as dreams are often the first step to something greater.
Also included in this edition of CU Digest:
THE HOME EQUITY OPPORTUNITY IS BACK updated
09/29/14 11:10 AM
However, 1st Mortgage Originations Drop
Even as total real estate loans for California credit unions in the second quarter of this year matched the all-time high in late 2008, it’s a different story for the “other real estate loans” category—primarily home equity loans, which are off by 38 percent.
2014 CU STAFF COMPENSATION SURVEY updated
09/29/14 10:16 AM
Now Available—Order Yours Today
As the economy continues to push forward, credit unions need a trusted employee compensation rulebook they can consult.
PROACTIVE WAYS TO BUILD CU CHAMPIONS updated
09/29/14 10:02 AM
Building Relationships is Vital
Credit union leaders passionate about political advocacy recently met with candidates throughout California and Nevada to show the industry’s support of their campaigns, including Rep. Tony Cardenas, D-CA, Brian Sandoval, governor of Nevada, and Pat Bates, candidate for California State Senate District 36 and current fifth district county supervisor for Orange County.