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.
CUNA’s compliance staff went back to basics in a recent CompBlog post highlighting what credit unions should do when they receive a garnishment notice. The entry covers 5 steps credit unions should follow.
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.