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COVID Spawns Local SMB Loans, Mask Shortages And More Suburban Starbucks

PYMNTS

With federal COVID-19 stimulus programs dried up for the moment and talks to renew them stalled, local communities are looking to fill the void by providing loans to SMBs that have been slammed by the coronavirus. For example, 49 percent of consumers are shopping more online and less in stores.

Michigan 249
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Is Amazon’s Delivery ‘Purge’ A Boon To Last-Mile Rivals?

PYMNTS

There are another 120 workers slated to be let go in Michigan. “We We have a responsibility to our customers and the communities where we operate to ensure these partners meet our high standards for things like safety and working conditions,” said an Amazon spokeswoman, according to Bloomberg last week.

Michigan 196
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Community financial institutions – get personal to stay competitive

NCR

It’s an interesting time to be a community financial institution (FI) right now. For smaller community banks and credit unions in the US, it might seem like a difficult time to do business, with so much change, intensifying competition and regulatory compliance to contend with. Challenges for community financial institutions.

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Domino’s Rolls Out New Stores; Reports Double-Digit Q2 Sales Increase

PYMNTS

The Ann Arbor, Michigan-based company’s strong growth amid the coronavirus crisis has been aided by its push into online and mobile ordering. The pizza chain’s earnings and revenue also came in well above the expectations of analysts surveyed by FactSet, who had predicted earnings per share of $2.24 and revenue of $915 million.

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Startup Food Delivery Apps Savor Local Flavor

PYMNTS

In communities across the country, there are also smaller upstarts delivering food to homes and businesses. Take Holland Eats , which caters to 30,000 residents in Holland, Michigan. The app comes as the online food delivery market is booming. Going forward, Garcia wants to serve other communities in Western Michigan.

Michigan 155
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Teachers Credit Union On Using Technology To Drive A Personalized Member Service Approach

PYMNTS

These include South Bend, Indiana-based Teachers Credit Union (TCU), which has nearly $4 billion in assets and serves more than 300,000 customers at 57 branches across Indiana and southwest Michigan. Some fear [that] if they join the online banking community, some tech-savvy fraudster will steal their information,” he said.

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Community Spark Award 2020 Winner: MSUFCU

Social Assurance

Michigan State Federal Credit Union saw these negative impacts and decided to be the helpful spark its community needed. To enter, members of the community had to order takeout from a local restaurant and snap a photo of their meal. The post Community Spark Award 2020 Winner: MSUFCU appeared first on Social Assurance.