Navy FCU's positioning with the military undoubtedly gives it a competitive advantage against other credit unions and banks, said Vincent Hui, managing director at Cornerstone Advisors.
deposits.
credit unions.
Jun 1, 2023
"I don't see many [credit unions] changing their efforts on gaining bank deposits beyond what they have done in the past," said Vincent Hui, managing director at Cornerstone Advisors.
credit union.
May 17, 2023
Vincent Hui, managing director at Cornerstone Advisors, said that the partnership is "very intriguing" as banks and credit unions don't often collaborate. "Such assistance is a nice option for small credit unions," he said.
mergers.
credit unions.
Mar 16, 2023
"There are bold leaders who will be open-minded about mergers," said Vincent Hui, managing director at Cornerstone Advisors. "The mergers of peers we've seen are a tribute to the thoughtful and collaborative boldness of the leadership of both institutions."
credit union.
Feb 7, 2023
Vincent Hui, managing director at Cornerstone Advisors, said 2023’s loan activity will trail last year’s in part because many credit unions are close to being lent out on member business loans and/or are worried about concentration risk.
Technology.
credit unions.
Jan 10, 2023
Mega-credit unions can better afford marketing and partnerships with fintechs that can expand their market reach, said Vincent Hui, managing director at Cornerstone Advisors. "This is why strong credit unions are considering mergers — so they have the economies of scale to invest in those strategic capabilities," he said.
Lending.
Credit Union Times.
Nov 23, 2022
Vincent Hui, managing director at Cornerstone Advisors, agreed that student lending is a tough market for credit unions. "Many credit unions are loaned out, and if they have limited appetite for additional loans," student lending "is not one of the markets that they would allocate much volume."
American Banker.
Jun 22, 2021
Vincent Hui, managing director at Cornerstone Advisors, said many credit unions may not invest in Curql and others like it because they may not be considered an allowable investment by regulators.
.png?width=1000&height=250&name=Cornerstone_Advisors_Logo-removebg-preview%20(1).png){kind=logo}
-2.png?width=247&height=320&name=MicrosoftTeams-image%20(36)-2.png)
-2.png?width=247&height=320&name=MicrosoftTeams-image%20(35)-2.png)