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 […]
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 […]