Banking Wire articles

Recent articles from Banking Wire

The Business of New Business: Biz Accounts Bring $1M A Month In Deposits.
January 5, 2009... CAPITOLA, Calif. -- How did Bay FCU grow deposits by $1 million a month for 10 months? Simple: they gave their members what they wanted. And what they wanted was business banking options. In November 2007, Bay FCU introduced several new products, including two types of business checking...

Quick Responders Get Slow Response: How Police And Fire FCU Responded To The Call.
January 5, 2009... PHILADELPHIA -- Though members of Police and Fire Federal Credit Union have long been able to check balances, pay bills, apply for loans and basically conduct all of their banking business online, they and prospective members were still saddled with paperwork to open a new account. "We...

Increasing Website Usage By Members, Staff As Easy As Playing A Game At AFCU.
January 5, 2009... FAIRFAX, Va. -- A treasure hunt launched by Apple Federal Credit Union here has led to a pot of "green." In this case, the credit union boosted employee knowledge and member usage of its web-based services with the implementation of the CU Web Hunt solution from Gaithersburg, Md.-based...

Better Branch Performance Tool Aids Granite State CU In Improving Results.
January 5, 2009... MANCHESTER, N.H. -- Despite monthly meetings and chalkboard talks, Granite State CU staff still weren't all using the same playbook, so the credit union decided it needed to create a better scoreboard to make sure all the players could quickly see where their team stood. The problem: no...

The Best & Worst Of The 80s: Music (Keep It), Process (Dump It).
January 5, 2009... AUSTIN, Texas -- Imagine a lending program so decentralized and "disjointed" that a member could walk into one CU facility and be denied, then simply go to another and be approved. That was the problem Amplify FCU sought to fix, and in the process created a new Best Practice. "A few...