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 […]
First Time Homebuyers: Optimistic, But Struggling
As we near the end of spring, more Americans are becoming enthusiastic about buying a new home. First time homebuyers still have a few difficult hurdles to jump over in order to reach their goal of purchasing their dream home. A survey conducted earlier this year by NerdWallet found that 38% of respondents did not […]
YouTube Is #1 In Social Media Use
Since its creation in 2005, YouTube has grown to be the largest online video sharing platform with millions of videos uploaded onto the site everyday, and this growth has continued into 2021. According to a recent survey from the Pew Research Center, 81% of Americans say they use YouTube, up from 73% in 2019. What’s unique […]
Homeownership and Savings Struggles, But There’s New Hope
As we’ve passed the one-year mark into this global pandemic, we are now beginning to see the full scope of the damage it has done financially. According to a survey conducted by Real Estate Witch, 43% of respondents currently don’t have any emergency savings. As for those who do still have some savings stashed away, a […]
Top 10 Best Hashtags For Credit Unions
For anyone using social media platforms, hashtags are vital! Hashtags are how the general populace finds your posts. They are the keywords used to find information on a particular topic. If you want your social media posts to be seen and read by the people you want to reach, you need to use the right […]
Home Buying in 2021
The official start of spring is right around the corner, and with warmer temperatures comes the ideal time of year to start shopping for a new home! However, the coronavirus pandemic that began one year ago is still going on, and that’s going to have a significant impact on how this year’s home buying season […]
2 Top Social Media Trends for Your Credit Union
It has been almost a year since the coronavirus pandemic took over all of our lives and forced us as a society to change how communicate. Marketing teams took to social media platforms and consumers of all ages responded to companies’ digital marketing efforts. Here are a couple of the latest trends and social media […]