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How Credit Unions Can Reinvent Themself to Attract Millennials

Nexa Collect

Credit Unions must (seriously) reinvent their brand for millennials to compete for account deposits and financial services. Do credit unions really not have what young people want, or are they just not focusing their sales and marketing on what is actually a very natural fit?

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Credit Union Vs. Bank Mortgage: Which Should You Choose?

Credit Corp

Mortgage brokers , online mortgage lenders , and credit unions also originate mortgage loans. Credit unions and other non-banks are gaining in popularity for mortgage originations. In fact, credit unions accounted for 9% of all mortgage originations in 2017. Easier Approval. Lower Rates.

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AI Transparency Bills Introduced in House by Rep. Waters as House Fin’l Services Committee Preps Tech Hearing

Account Recovery

The big picture: The financial services industry, including banks, credit unions, fintechs, and debt collectors, increasingly relies on AI for various functions, from assessing creditworthiness to customer service automation. With such reliance comes the responsibility to ensure AI is used ethically and transparently.

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How to Get a Business Loan at a Credit Union

Nerd Wallet

With favorable rates, many funding options and strong customer support, a credit union can be a good choice for a business loan. Yet just 8% of small-business owners applied for financing at credit unions, according to a 2022 report from the Federal Reserve. For example, Tina Orem writes for NerdWallet.

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. The experiences of every generation are characterized by their behaviors involving finances.

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How to Apply for a Loan in 7 Steps

Credit Corp

Whether you are facing unexpected costs or you simply need extra financial support, personal loans are a viable option that many people rely on. adults have an unsecured personal loan as of the third quarter of 2024. So, you’re not alone in wondering how to apply for a personal loan. In fact, 24 million U.S.

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Why Is a Credit Union Better Than a Bank?

Credit Corp

You can open an account with a traditional bank, set up an online bank account , or choose a neighborhood credit union. As you’re reviewing your options, you may see some claims that credit unions are better than banks. Why is a credit union better than a bank for some people? What Is a Credit Union?