Credit Union News Blog by Oak Tree Business Systems, Inc. - Your fun and informative source for updates, regulations and more.
Are You Offering the Right Products?
Let’s face it. Credit unions offer a lot of financial services, and market them often. Members may wonder if they really worth it, though? The short answer is yes. Let’s take some time and review credit union services that are worth your time, every time. This will help you convey the importance to your members.
Our Humanitarian Highlight 7/6 this week for #CreditUnions showing some Heart! Look at what these awesome financial institutions have done in the name of Philanthropy!
Oak Tree Business Systems, Inc. announces charity selected by credit unions across in the Cooperative Credit Union Association (CCUA)
Oak Tree Business Systems, Inc. a credit union forms company, recently asked credit unions in the Cooperative Credit Union Association (CCUA) to select a charity that Oak Tree will be making a donation to. Oak Tree sent out a survey asking credit unions to vote for the charity of their choice. Credit unions spoke and the Massachusetts Coalition for the Homeless charity was selected.
The digital world is constantly making data associations across networks, and it’s quite possible there is not a “lone connection.” The concept is actually based on a scientific principle that assumes the world’s population is interconnected by only 8 or fewer associations of people. This kind of concept applies in a number of different hypothetical situations—including information security. Data breaches have been the hot topic as of late. They’re events that can run rampant across the “dark web,” a kind of black market data realm where security systems and information banks are constantly vulnerable via data linking. True costs are never easy to measure since these breaches can affect businesses and the financial institutions connected with them. Chipotle, Sony, Yahoo, and Wendy’s are a few of the corporations that have been recently hit with malicious attackers out to grab your financial info for whatever intent (never good).
For this weeks #humanitarianhighlight, we are thanking credit unions for helping make the world a little brighter. Take a look at how these credit unions are making a #difference:
For this weeks #HumanitarianHighlight we are recognizing credit unions for their excellence in giving back to the community. Take a look at what the following credit unions are doing to demonstrate #CUExcellence:
Summer is a great time for travel and outdoor activities. It is also when many credit union leagues and trade associations host their annual events, such as the National Credit Union Management Association (NCUMA) Summer Conference. The Summer Conference combines exciting summer activities with educational training sessions for credit union executives. This year, the conference was held in Seven Mile Beach in Grand Cayman, a British Territory south of Cuba. As the attendees head home or enjoy their extended stay on the island, here is a summary of what they learned.
For this weeks #HumanitarianHighlight we are thanking credit unions who are giving back to their communities! Here is how these credit unions are making a #CUDifference:
A paradox exists in the credit union industry. Credit unions spend incredible amounts of time and marketing dollars on switch kits for new members. Hours are spent thinking about signage, the new member experience, and implementation. Credit unions think about these things a lot before executing because they matter to the success of the credit union and the connection they have with its members. How new members perceive credit unions is important. It takes a lot for people to make a switch, especially when they are moving over from a traditional financial institution. However, we don't think half as much about switching vendors.