A Google Banking Wake Up Call
Glen wakes up John early to trade thoughts on Google’s progress in the digital banking realm, Facebook’s new Financial unit, some interesting data on credit unions and PPP loans, and whether the time is right for micropayments.
Seizing the Growth Opportunity for Mid-Sized Credit Unions
Last month I wrote about how credit unions’ stagnant market share of 7% of US consumer deposits should not be acceptable to industry leaders. Our member growth stats have been decent, but what really matters at the end of the day is Primary Financial Institution (PFI) status- the goal is for a bank or credit union to establish itself as the centerpiece of daily financial life, the first place a consumer turns when financial help is needed.