PODCAST: Are fintechs friends or foes?

To help millennials improve their financial literacy and decision making, $616 million asset Merrimack Valley Credit Union (MVCU) has launched “CashIQ,” a web-based application where players test their financial acumen and win prizes.

As fintechs continue to increase their presence in the financial services industry, credit unions must decide to either form partnerships with these potential disruptors or compete against them.

As loan growth continues to outpace deposit growth at many credit unions, Jan Trifts, strategic advisor with Raddon, offers these tips to retain deposits: