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Lucky 7s: CU SoCal Intro’s 7% Share Certificate With 7-Month Term

ANAHEIM HILLS, Calif.–Credit Union of Southern California (CU SoCal) has introduced a 7% APY share certificate with a seven-month term. “Designed to help members grow their savings, this high-yield certificate offers a strong return on a manageable deposit—capped at $7,000,” the credit union said. “Available from April 3 through May 31, it’s an ideal option for those looking to make the most of their money, even with a smaller investment.” There is a $1,000 minimum opening deposit, a limit of one per member, and new money is required.  ‘Excellent Opportunity’ “We designed this certificate to help more members benefit from a great rate without the need to lock up a large sum of money,” COO Suzie Kisslan said in a statement.. “This is an excellent opportunity for savers to make their money work harder in a short period of time.” The $2.89-billion CU SoCal has approximately 155,000 members. 

Guardians Credit Union Moves Management Of Its ATM Fleet To Dolphin Debit

WEST PALM BEACH, Fla.—The $306-million  Guardians Credit Union  has turned management of its ATM fleet over to  Dolphin Debit . Minire Syla The credit union has four ATMs at branches and 10 at various select employee group sites. The decision was a big move for Guardians, which had always managed its own ATM fleet, the CU stated. “Dolphin stood out because of their experience, reliability, and the fact that they could truly take the burden off our staff,” said Chief Financial Officer Minire Syla. “Their ability to manage everything seamlessly, combined with the marketing opportunities on ATM screens, made them the best choice for us.” The credit union said it had a number of key priorities for the move, and Syla explained that while reducing the burden on staff, compliance, and cost savings were all important, what was paramount was providing “the best possible experience for our members.” “The convenience and reliability of our ATMs are crucial and outsourcing to Dolphin...

Unlocking the Power of AI:

 

Celebrating 40 Years Of Credit Union Impact

From shaping the industry’s approach to data to framing the conversation around key industry issues, here’s a look at the impact we’ve made — and what’s to come Aaron Passman Let’s take a trip back in time. It’s Monday, April 1, 1985. You’re headed home from work at the credit union, one of more than 10,000 nationwide. You’re sitting behind the wheel of a Chevy Cavalier — the top-selling car in America at the time — with “We Are The World” piping out of the speakers. Not surprising, as it’s the No. 1 song in the country. You’ve got to make a stop at the grocery store, where the price of eggs has dropped to about 50 cents a dozen — roughly 20 cents cheaper than one month prior — but you’re already starting to think ahead to the weekend. Maybe you’ll head to the theater for “Police Academy 2,” and see what all the fuss is about — after all, it’s the most popular movie in America. But tonight you’re planning to sit down for the NCAA championship game to see whether Villanova can pull off ...

Havoc.’ ‘Debacle.’ Analysts See Rough Road Ahead for Autos With Tariffs

WASHINGTON–What’s known: should President Trump’s tariffs remain in place, new and used vehicle prices are going to get even higher. The unknown: Will members stop buying cars, move from new to used, or given how many buy cars according to payment, move to less-expensive models? The tariffs also may create challenges for credit unions that serve some autoworkers. All of those questions and more remain much in flux with analysts predicting  auto prices could rise by $5,000 to $10,000 per vehicle and wreak havoc on the market as the result of 25% import tariffs on vehicles and auto parts.   As the CU Daily reports separately, however, Black Book believes automakers will spread out the incremental cost of tariffed vehicles across their entire showroom to retain relative vehicle transaction prices. Still, the company expects tariffs to push the average transaction price on vehicles to more than $50,000. ‘A Debacle’ “The tariffs are a debacle of epic proportions for the a...