As cardholders deal with increasing levels of debt, many are looking for more cost-effective options. This presents an opportunity for credit unions to expand their reach by offering and promoting a cost-effective, member-first credit program.
Measuring the interest rate risk profile of a financial institution requires a comprehensive understanding of its deposit base, particularly non-maturity deposits. These deposits, which do not have a fixed maturity date, pose unique challenges in assessing how they will behave in response to changes in market interest rates.
Envisant, the business subsidiary of the Illinois Credit Union League, was honored to receive the 2024 Credit Union Service Organization (CUSO) of the Year award from the National Association of Credit Union Service Organizations (NACUSO).
Credit unions seeking to bridge the gap can make use of a well-rounded debit program to help their underserved members build stronger financial health and make the most of account services available to them.
In the world of finance, just like in life, things change — including your bank or credit union's needs. As you grow and the rules of the game shift thanks to new regulations and market conditions, what you need from your asset liability model provider might change too.
As a League-owned business subsidiary, Envisant is a for-profit organization that operates with the credit union philosophy of giving back to members and communities. For Envisant, with nearly 2,000 credit union customers across the country, the community is the credit union system and the many organizations helping to take on the variety of challenges facing credit unions and their members.
Explore how innovative debit programs can benefit both credit unions and their members to achieve financial goals.
The impact of compromised cards and the resulting fraud can be significant for both credit unions and their members. Taking a closer look at the trending tactics for collecting card information and using it for fraud attacks can help credit unions take more effective, proactive steps to guard against it.
