Extraco Banks’ Post

"Congratulations Serge Vishmid and a thank you to the Irvine Company. === Atlas Capital Advisors specializes in multi-market tenant representation, institutional sales & leasing, risk assessment, and strategic planning for our financial services clients as well as assisting with troubled debt & portfolio restructuring, and dispositions." -Bert Haboucha #CRE #CRECalifornia #CaliRealEstate #RealEstateInvesting #CREInvesting

More than 100 credit unions in Ohio and West Virginia have partnered with other credit unions nationwide to provide members better and more convenient access to their accounts and money. They proudly belong to the Shared Branching network, a national network of credit unions that allows members of other credit unions to use their branches to conduct basic teller transactions. Download the Shared Branch Locator App today at www.sharedbranching.org. #SharedBranching #CoOp #SBAwarenessWeek

As the banking industry evolves, many are turning towards the allure of small community banks and credit unions for a more personalized and cost-effective banking experience. With the banking landscape rapidly changing, marked by a spree of mergers and acquisitions, individuals and businesses alike are seeking refuge in community banks and credit unions. These smaller institutions are not only growing but also offering competitive rates, lower fees, and the kind of face-to-face interaction lost in the world of big banking. Despite the trend towards digital banking and the consolidation within the industry, the appeal of local, accessible banking remains strong. Whether it’s the promise of better rates, lower fees, or just being treated as more than just another number, switching to a small-town bank or credit union might just be the fresh start your financial life needs. #banking #finance #communitybanks #creditunions #personalfinance

Credit Unions and Community Banks Embrace Eltropy's AI-Powered Conversations Platform As Delinquencies Rise “Reducing delinquencies is a top priority for our community bank and credit union clients in today’s economic environment,” said Ashish Garg, Co-founder and CEO of Eltropy. “Our unified conversations platform makes it easy to deploy timely payment reminders, digital payment flows, AI-powered conversations, and seamless handoffs to live agents when needed. For years, this multi-channel approach has been proving highly effective for increasing on-time payments and working with members to resolve delinquent accounts.” https://lnkd.in/eSWndnXQ  Lisa Weinstein Virginia Credit Union Alliance Credit Union Sean Chambers #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

🌐 Experience Convenience with Shared Branching!! 🏦 Volt has proudly partnered with other credit unions across the country to provide you convenient access to accounts and money, creating the Shared Branching network that allows members of other credit unions use their branches to conduct basic transactions. ✔️What does that mean for you? You can conduct transactions at more than 5600 locations nationwide including performing transactions at other participating credit unions just like you would at your usual one, with the same service and convenience. ✔️What can you do at a Shared Branching location? Almost everything you normally do with a teller, and there’s no additional charge to you. You can make deposits, withdrawal money, cash checks, transfer funds, make loan payments, and more. ✔️How Do I Use a Shared Branch? To access your account at a Volt shared branch location, all you need is: -The name of your credit union -Your account number -A valid government ID Whether you’re traveling, relocating, or simply need to access your funds while away from home, shared branching makes it easy to manage your finances wherever life takes you! Click the video below to learn more. 📱 You can text your zip code to 91989 to find a shared branch near you and experience banking convenience like never before! • • #VoltCU #SharedBranching #CreditUnionConvenience

This is a great concept and is much needed in many communities. During previous stages of my career, I’ve run outsourced estate management mandates for two major high street banking networks and been involved in consultancy projects for many of the others. When arriving at a bank branch to undertake a condition survey or rental valuation, the etiquette was that you wait your turn to be seen with everybody else. For this reason, in my time, I’ve stood in many 100s of customer queues in many 100s of bank branches in diverse locations all across the UK. One of the things that I learnt from this was just what an important a part of the local community these retail banks were. I would find local businesses owners with the day’s takings, young people opening their first account, couples buying a house, travellers changing their money, older people managing their pensions and much, much, more. Let's hope that Banking Hubs can fill that gap. #cashaccess #retailbanking #community

Financial wellness must be at the center of everything credit unions do. It’s not a side program of financial education. It is EVERYTHING. Credit unions that prioritize this singular focus will be relevant. According to the American Customer Satisfaction Survey, consumers rank not-for-profit credit unions lower than banks on customer satisfaction! (Read that again!) With fintech and online banks like Chime (no overdraft fees) becoming more dominant than credit unions, credit unions risk becoming Blockbuster as Netflix makes its debut. In X years will your branch be the last Blockbuster store to close? For context, credit unions only have 4% of Gen Z deposits. (Read that again!) Ninety-six percent of their deposits are somewhere else. Those are your future members. Yes, we are creating a CUSO by credit unions for credit unions to transform the credit union industry. Ask me! #FinancialWellness #CreditUnions #CustomerSatisfaction #gac2024

I've got some news you might have missed regarding the banking "world." We just witnessed the first bank failure of 2024--Republic First Bank. With operations spread across PA, NJ, and NY, and holding assets worth $6B – it's no minor event. They've been a regional powerhouse, managing customer deposits worth about $4B. But here comes Fulton Bank, stepping in like the cavalry, ready to assume all deposits and even reopening all 32 branches promptly. Now, let's talk numbers - the fallout from this hiccup has the FDIC shelling out a hefty $667M. It's situations like these that remind me why I focus on safeguarding entrepreneurial wealth and that it is more crucial now than ever. What are your thoughts on where banking is headed? Dive into the discussion. 💭💸🏦

This favorable post from CNET Money reports that “Credit unions’ digital technology has come a long way.” It notes an amped-up online presence following the pandemic and a continued demand from members for “user-friendly, intuitive, and effective” solutions. One credit union representative said that 45% of their new members opened accounts online, rather than at a physical branch. Conductiv is seeing similar enthusiasm for new technology. Clients tell us, often to their surprise, that their members are embracing the idea of ‘permissioned data’ and are willing to share personal information to improve their chances for loan approval. https://lnkd.in/eBktHNBG #creditunions #borrowing #loanapprovals #onlinebanking #newtechnology

At Bankly, safety comes first. Learn how we keep your money secure all year round. #bankly #moveforward