An examination of credit union and bank modification trends..With housing prices bouncing along the bottom and unemployment starting to fall,
the outlook for 2012 is stronger than when we entered 2011. However, there are
still millions of Americans who have not had a chance to take advantage of low
interest rates by refinancing their mortgage or other debts, a fact **** Read More; Evolving Modification Scene:
Grant Sheehan CCUE | CEO Opinion: When Vendors Price for Giants, They Shrink the Future of Small Credit Unions ! There’s a quiet squeeze happening in the credit union industry, and it’s not coming from regulators or competition from big banks. It’s coming from the very vendors that claim to support the ecosystem. For small credit unions, the problem is increasingly simple and factual: the tools required to compete with digital banking platforms, fraud systems, compliance software, analytics, and payments infrastructure are priced for institutions ten or even 100 times their size. The result is a market where access to essential services is determined not by mission or member need, but by asset size. This isn’t just inconvenient. It’s structurally threatening. Vendors often defend their pricing models as a reflection of complexity or scale. Larger credit unions have more users, more transactions, more integrations, so they pay more, and that seems fair on the surface. But t...
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