Most credit unions are flush with deposits and need to deploy these funds through creative loan production. Used car sales and prices are exploding and consumers are benefiting from their vehicles not depreciating in value. Credit unions are more likely to refinance...
In 2000, Stellar Strategic Group was founded to assist banks and credit unions acquire new checking customers with the goal of driving low-cost core deposits. Today, I feel somewhat conflicted given the market that exists 20 years later. For the bulk of the time we’ve...
The country is reopening in ways many of us have been eagerly waiting for since the spring of 2020. Many credit unions are realizing the elusive return to “normal” is nothing more than a fantasy. The tangible impact of the pandemic is forcing most to reevaluate their...
We have all seen the news. The pandemic has disrupted the supply chains for many lines of business this past year. One such line of business is new automobile manufacturing. Today’s new vehicles use many of the same semiconductor chips that are used in other...
View Newsletter as a PDF Most credit unions have made changes to their field of membership in recent years, to help consumers in their market financially. Many have been approved to expand their footprint through community charters, to help serve the underserved, or...
View Newsletter as a PDF Over the past 20 years of working with community banks and credit unions, we have witnessed first-hand how high-performing institutions adapt to improve their marketing efforts. The #1 trait these institutions have is a persistency and...
