As your credit union is making its plans for 2022, you must not forget about making social media a part of your marketing plans. While we don’t know what the upcoming year has in store for social media, Red Website Design have made some predictions for what marketing trends we could see in 2022. Here […]
As Consumers Defer Purchases, What Will Become Of Lending?
For credit unions looking to make more mortgages and auto loans, there’s no doubt that there is demand for both homes and cars, and plenty of American consumers do have the means necessary to make such a large purchase. The problem is that those same consumers are not making the choice to buy right now. […]
Is Debit Here To Stay?
Credit cards have continued to remain popular over the years, but there are signs that their popularity may be waning. According to PULSE’s 2021 Issuer Study, while debit card transactions were slightly down, total debit spending grew 8% year-over-year. Much of that growth is due to the ticket sizes of these transactions, which increased from […]
Credit Unions See Q2 Mortgage Growth And Setbacks
The second quarter of 2021 saw credit unions gain more footing in the mortgage market, but overall growth remains minimal. According to the most recent CUNA Mutual Credit Union Trends Report, fixed-rate first mortgage loan balances grew 1.8% in June, faster than 1.3% reported in June 2020. Additionally, credit unions, as of June of this […]
Social Media Trends: Second Half Of 2021
We are well into the second half of 2021, and social media trends have continued to change and evolve. Now, as we look toward autumn and 2021 begins to come to a close, here are a couple of trends to keep an eye on through the rest of the year: Social Audio: Chat rooms may […]
How Credit Unions Can Catch Attention On Facebook
Facebook is one of the largest social media sites out there with millions of users around the world. Many companies have been able to take full advantage of the visibility the platform provides by putting out engaging and informative posts, and your credit union can do the same if you do it right! Simple posts […]
Wells Fargo Shut Down Opens New Opportunity For Credit Unions
Wells Fargo recently announced that it’s shutting down all existing personal lines of credit in the coming weeks and has stopped offering new lines of personal credit. This particular product was very popular with the bank’s customers, and this shutdown has, not surprisingly, angered a lot of them. What makes this cancellation all the more […]
Credit Union Mortgage Shares Show Promise And Concern
So far this year, the housing market has been strong despite limited inventory and rising prices. However, credit unions may not be seeing as much of that success as they would like. The latest NCUA and MBA data, as reported by Credit Union Times, showed that in Q1, credit unions’ share of first mortgages totaled $74.5 […]
Which Social Media Trends Are Working in 2021?
As America moves closer to its new normal, social media has remained an important marketing tool for credit unions looking to reach out to existing and potential new members. Now that we are halfway through 2021, which trends are going to stick around for a while longer? Here are a couple of notable social media […]
Mortgages Drove Credit Union Loan Originations in Q1
The numbers for Q1 2021 have come in, and overall, credit unions saw strong growth in their loan portfolios! Credit Union Times reported in May that first-mortgage originations were the driving force for the loan growth this past quarter with a grand total of $75 billion, up 49% from Q1 2020. While these numbers are promising, the […]