CUs should consider collaboration, work flow improvements to reduce costs.
July 1, 2012
As credit unions experience tepid loan demand and increased pressure on earnings, they’re turning to their in-formation technology (IT) departments to achieve greater efficiencies, according to CUNA’s 2012-2013 Credit Union Environmental Scan Report.
The second phase of Same Day ACH rollout has a Sept. 15 effective date, and a list of recommended action items to be performed has been released. All financial institutions must be prepared to receive by Sept. 15.
The House Financial Services Committee will conduct a hearing on Rep. Jeb Hensarling’s (R-Texas) Financial CHOICE Act next week. CUNA President/CEO Jim Nussle said CUNA appreciated the effort to bring regulatory relief to credit unions and other institutions.