Tis the season, so with all due respect to Charles Dickens, 2023 was A Tale of Two Economies. A declining stock market until it wasn’t and climbing interest rates until they weren’t — all of which impacted commercial real estate. A compelling new real estate report sheds light on what direction credit unions and regional banks may want to take portfolio-wise in the coming year.
Many organizations do financially fine by relying on practices deemed “tried and true.” But sometimes, visionary executives emerge that re-define success and lead their organizations in ground-breaking and remarkable ways. A new book profiles twelve of these “rebellious” leaders.
With interest rates high and still rising, more and more financial organizations are turning real estate holdings into low-cost cash generating assets.
A recent credit union conference was a reminder of the special role that CU’s play in the communities they serve.
Artificial Intelligence is a powerful tool for the banking industry. But the ultimate value of its future impact will depend on the questions it is asked.
Navy Federal Credit Union is the industry’s largest CU thanks, in large part, to its marketing efforts. But even without Navy Federal’s ample budget, every credit union can grow its business with the right marketing strategy driven, first and foremost, by research.
Far too many people struggle to access credit that can be a gateway to a better life and stronger community. Slowly, more and more credit unions are turning the key to prosperity through certification to the CDFI Fund.
While improving service through technology is vital, it is not the only priority for re-assuring members that your credit union is well-funded and viable. Branch quality remains a key strategy for delivering the message that your organization is strong, capable and focused on the future.
During these uncertain times, raising capital is no easy task, even for the banking industry. Fortunately, through the collaborative nature of CUSOs, credit unions have a unique resource to help turn real estate assets into a pathway for greater liquidity and growth.