COVID-19 has hit the U.S. economy hard, but few areas were hit harder than small businesses. Roughly 90 percent of them are dubbed “microbusinesses,” which have fewer than 10 employees (and in many cases, just one). In spite of their small size, they play a...
If there’s one thing credit union (CU) members are known for, it’s their loyalty. Since most CUs start life as an economic affinity group of some kind, loyalty is often baked into the business relationship pre-inception. It’s a rare, fair feature in an impersonal business...
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Serving credit union (CU) members during the pandemic means anticipating what their members need and offering the right products and services at the right place and time, says Krista Thompson, director of channel strategy and integration at Houston-based TDECU. In the latest Credit Union Tracker,...
COVID-19 showed up unbidden, unwanted and unexpected, frustrating the best-laid plans of companies, financial institutions (FIs) and more with little warning. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
At the smallest end of the small business continuum are microbusinesses — from food trucks to lone photographers — typically sole proprietorships pulling in $250,000 to $1 million per year in revenues. That may not sound like much to the world of impressive deals and...
Microbusinesses are firms that either generate less than $1 million in annual revenue or are operated by a single individual. They may be small, but they represent an important part of the credit union (CU) ecosystem. Get the Full Story Complete the form to unlock...
Amid the digital leap that is confronting financial services lies the opportunity to cement relationships with consumers, according to Dean Young, executive vice president and chief experience officer at PSCU. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
