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FI Highlight: Ventura County Credit Union

Banking 2020

Ventura County Credit Union (VCCU) is the oldest and largest community credit union headquartered in Ventura County, California. What is a recent initiative that Ventura County Credit Union launched to connect with the local community? What results have you seen, if any, since the launch of “Operation Take Back the Pump?”.

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FI Highlight: NEFCU

Banking 2020

At the end of 2014, Long Island-based NEFCU finished their “Pay It Forward,” community program. To hear more about this community program, we talked to Edward Paternostro President and Chief Executive Officer of NEFCU. Last year, NEFCU celebrated its 75 th year of serving the banking needs of the Long Island community.

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This Week’s Reads: Digital Banking, Innovation and Payments

Banking 2020

Reality checks for community banks switching to a digital model: There is a lot of talk about digital banking however, not all digital banking falls under the same umbrella. Community banks must examine what cultural, operational and marketing shifts will happen when they adopt digital banking initiatives.

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FI Highlight: Farmer’s Exchange

Banking 2020

Earlier this year, Farmers Exchange Bank , a 57-year-old community bank with four branches across Alabama, went live with its new SaaS platform, Temenos Insight. Blair Osmer, Farmers Exchange Bank. How did this change your operations from the previous system? You recently implemented a new analytics solution.

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The Case for CSR

Banking 2020

There was plenty of complexity, but at its heart the law set up a local board to review segments of the banking industry every two years, specifically to evaluate how financial services institutions with more than $6 billion in city deposits are doing their part to help less fortunate communities. That law just got shot down.

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B2B FinTech On The Cusp Of Change

PYMNTS

200 community banks have cut ties with Lending Club following the sudden departure of the alternative lender’s CEO and the subsequent hit to share prices, which reverberated across other alt-finance players. SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. and U.S.

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Branch Transformation: Innovating to be Nimble

Banking 2020

Banks must innovate and be nimble to address emerging client needs in the neighborhoods they serve. As community banks, we must recognize and be responsive to what our clients are demanding of us. Services include business bookkeeping, operational and financial consulting as well as small business brokerage advice.