article thumbnail

ABA Adds Five to Community Bank Benchmark

Banking Exchange

Banks based in California, Michigan, Ohio, Louisiana and Florida have been added to the Nasdaq index of community institutions Community Banking Feature3 Feature Management M&A Financial Trends ABA News Nasdaq.

article thumbnail

TRENDING: How Credit Unions Give Digital The Personal Touch

PYMNTS

More diverse communities are being served by CUs than ever before, with the state of Michigan recently approving the nation’s first LGBTQ-focused CU, Superbia Credit Union. Developments From Around The Credit Union Space. About the Tracker.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How a Community Bank Helps Business Borrowers Cope with Rising Rates

The Financial Brand

This article How a Community Bank Helps Business Borrowers Cope with Rising Rates appeared first on The Financial Brand. Growth at this Michigan community bank comes from business customers — especially manufacturers — seeking help with challenges like rising interest rates.

article thumbnail

COVID-19: Real Trends and Stories From the Front Line

Gonzobanker

This comment seemed to mirror the general sentiment: “Although lobby traffic will be slow to recover, this trend will not be permanent. The opportunity cost of limited historical focus on digital account opening within community FIs is still unknown. billion, Chubbuck, Idaho Lake Michigan CU, $6.9 We could not say it better.

Trends 140
article thumbnail

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.

article thumbnail

3 Ways Credit Union Are Driving Growth

Abrigo

Credit unions have taken note of this trend and responded, producing eight out of the top 10-rated banking apps, according to a ranking by MagnifyMoney , a financial-product comparison website. Joseph, a Michigan-based credit union, acquired Indiana-based Griffith Savings Bank. out of 5 points, where 5 points is a perfect user rating.

Michigan 150
article thumbnail

NEW REPORT: How Navy Federal Keeps Service Members’ Finances In Shipshape

PYMNTS

In Michigan, a group of credit unions recently joined forces to form a new financial institution (FI): a bank. Seven Michigan-based credit unions recently applied to establish a new limited-purpose bank, known as Credit Union Trust. Talk about a case of strange bedfellows. About The Tracker .

Michigan 100