Innovation Replications

Use Tax Refunds to Reduce Debt

Tax Refund Debt Credit Union

The Federal Reserve reported household debt reached a new all-time high of $13.21 trillion in the first quarter of 2018.  Clearly, the economy is growing, lenders are lending and borrowers are finding the money they need.  But at what cost?   The rate of student loans, vehicle loans, and credit card loans is growing and…

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Growing Deposits with Tax Refunds

Credit Unions Tax Refunds Behavioral Economics

Loan growth is picking up and many credit unions are, for the first time in a number of years, dusting off their deposit growth plans.  Certificate specials, money market marketing campaigns, and even Christmas Club accounts are showing up on the radar.  CFOs and ALM committees are looking at pricing levels to figure out how…

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