Credit product innovation was on many credit unions’ (CUs’) agendas in the months before the pandemic struck. Some 47% of CU executives were expecting credit...
Microbusinesses, from food trucks to housepainters, tend to be sole proprietorships pulling in $250,000 to $1 million per year top-line. In the developing world, financing...
Credit unions are keeping microbusinesses front and center as they plan for future technological innovations. Microbusinesses usually generate just $250,000 to $1 million annually, but they...
The pandemic-related downturn is threatening microbusinesses’ very survival, with many turning to credit unions to seek assistance, says Andrea Mosher, senior vice president of lending...
The United States is home to more than 30 million microbusinesses, and these firms play a critical role in shaping the nation’s economy. These businesses have...
Credit unions (CUs) are shaking off the last vestiges of their image problem (in a word: outdated) by embracing digital-first products and services at an...
Credit unions (CUs) have competed with banks that offer similar products for years, but their strength has long remained in the value of member relationships...
Credit unions have long prided themselves on offering better in-person service, but with lockdowns keeping members from branches, many CUs worry about losing customers to...