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deposits

Need Deposits?

According to Cornerstone Advisors’ “What’s Going On in Banking 2023” study, 39% of credit unions said small-business deposits were a high priority in 2023, up from 2022 when only 12% of credit unions said the same thing.

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How credit unions gained some of the deposits banks lost

"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.

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Poll: Growing deposits top priority for midsize banks in 2023

Midsize banks are more focused on growing small business deposits in 2023 than they were last year, according to a survey by Cornerstone Advisors of executives at financial institutions ranging from $250 million to $5 billion in assets.

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Consumers are placing their trust in mobile deposits

In our post-pandemic world, most people have become used to interacting with their banks online and aren’t interested in returning to their old in-person, branch-based banking habits. This was one of the key findings from a recent report Mitek conducted with Cornerstone Advisors, based on a survey of more than 1,000 U.S. consumers.

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