California Credit Union’s Post

Check out the amazing credit union member story in our December Newsletter. You will also find a great article about using the onboarding process to build primary financial relationships, information about our new member community and our upcoming Credit Union Sales Intensive Workshop dates for 2024! You will find the full newsletter in the link in the comments. #creditunionsalestraining #creditunionsalestrainingprogram #creditunionsalegoals #creditunionoutboundsalestraining #creditunionsalesleadership #creditunions #CUadvantage

Is your credit union cultivating loyalty? A recent study unveiled that over 30% of credit union members consider leaving for reasons related to financial service offerings and the perceived personal value they receive. Having programs to help their financial wellness helps them succeed and become more loyal to the credit union that helps them throughout their life events. Interested in learning more? Join me on May 2nd to discover how engaged members stay members! Visit bit.ly/rsvphere-05-24 to learn more. #FinancialWellness #ImproveEmployeeRetention #FinancialWellnessPrograms #ReduceTurnover #EngageEmployees #BoostProductivity #ThrivingCorporateCultures #CreditUnions

In my latest @CUTimes article, I talk about the regulatory steps that credit unions can take to avoid massive financial penalties, like the $250 million fine that the CFPB recently handed down to Bank of America. No financial institution wants to be singled out for their policies and practices. That’s why we’re using technology to de-risk compliance challenges and help put credit union executives in a more friendly light with regulators and their members.

I've been saying it's only a matter of time before Credit Unions really feel the pressure to modify their Overdraft fees. As Joel Schwartz states in this article that time is coming nearer, but there are options out there to help Credit Unions replace this revenue. Message me if you'd like to discuss some of those options. Great article Joel Schwartz!

Innovating around marginalized and vulnerable communities is one of the most important efforts that credit unions can make. In this article, Amplify Credit Union is doing something simple and innovative, all at once- taking the credit union to the members. Stacy Armijo, chief experience officer at Amplify Credit Union, discusses how flexible and personalized service is usually offered to people with the highest bank balances. As leaders at credit unions and supporters of economic inclusion, we know that these services can change the lives of those opening new accounts and seeking financial stability for the first time- as a result, these traditions need to be upended. Amplify is now creating a pilot program that connects its services, which include financial education and first-time homebuyer education, to community organizations and employers. This makes membership to a credit union an even more accessible goal for underbanked people. #EconomicInclusion #FinancialEducation #CreditUnions

On this date, June 26, a significant historical event for credit unions in Florida occurred in 1934 when President Franklin D. Roosevelt signed the Federal Credit Union Act. This legislation established the foundation for the federal credit union system, allowing credit unions to operate across state lines and providing a legal framework that has enabled their growth and development ever since. This act was pivotal in promoting financial stability and security for millions of Americans, including those in Florida, by making credit available to individuals who were often underserved by traditional banks (MyCreditUnion.gov) (NCUA). #creditunionhistory #Floridacreditunions #Credituniondifference #Creditunions #Americascreditunions #Federalcreditunionact Additionally, the passage of the Federal Credit Union Act led to the creation of numerous credit unions across the state, helping to build stronger, more financially stable communities. This day marks an essential milestone in the history of credit unions, highlighting their role in fostering cooperative financial services and supporting local economies (NCUA). For more detailed information, you can explore resources at NCUA and MyCreditUnion.gov (MyCreditUnion.gov) (NCUA).

🌟 Elevating Member Relationships: A Credit Union Difference 🌟 In the dynamic world of finance, fostering meaningful connections with our members isn't just a strategy; it should be our guiding principle. At U of I Community Credit Union, we know that the key to success lies in prioritizing relationships. When we genuinely understand our members' needs and aspirations, we can offer tailored solutions that truly make a difference. Focus on the relationship, build rapport and trust, and the product offerings will naturally follow. Here's the secret: Listen. Ask questions. Engage. It's through these simple yet powerful actions that we build a trusted relationship with our members. Because when our members know we care, they're more likely to trust us and allow us to help them thrive! Let's continue to elevate member experiences together. Because in the interconnected world of credit unions, strong relationships are our most valuable currency and differentiation. #CreditUnionProfessionals #MemberRelationships #Trust #MutualSuccess #DoMoreGood

What makes a credit union different from a bank? There are a lot of answers, but here are some principles that credit unions live by to give you the best banking experience. Follow the link below to learn more about us and the communities we serve! https://loom.ly/iXrR1Os

The Credit Union Difference As we navigate today’s complex financial landscape, it's crucial to choose a financial partner that aligns with our values and needs. Did you know that credit unions offer a unique advantage due to their member-focused structure? Unlike traditional banks, credit unions are member-owned, which means they work for you – not shareholders. When you bank with a credit union, you're not just a member; you're an owner with a voice in how the institution operates. This democratic approach ensures better rates, lower fees, and a commitment to personalized service. Bank with a credit union to experience the difference that puts your financial well-being first. #CreditUnionDifference #FinancialWellbeing #MemberOwned #PathwiseCreditUnion