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Increasing competition and its effects on credit unions

As a result of increase competition from banks and non-bank financial institutions, many credit unions have become aggressive in their approach to marketing and acquisition of new customers. The trend these days are for companies to aggressively offer discounts, introductory coupons, and other incentives to lure new customers. However, research...
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Credit Union Awareness Creates Great Opportunities

In spite of the efforts of some Credit Unions to make the public aware that they are open to the community, still over 50% of the public are generally unaware (54.8%). This has significant implications for how Credit Unions market themselves. Credit Unions must carefully segment their market and utilize...
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