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Elan Financial Services

Troy Cullen
Phone: 800-343-7064
Fax: Fax: 412-552-2290
225 West Station Square Drive, Suite 620
Pittsburgh PA 15219
www.elanfinancialservices.com
Elan Financial Services is a leading provider of reliable, flexible ATM, debit, and prepaid card programs. Elan also owns and operates the national surcharge-free MoneyPass ATM network and provides convenient access to cardholder accounts through our innovative eFAST kiosk. Our brand of service delivers what other providers only promise.
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June 13 Cover

Credit Union Magazine

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June 2013

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Recent Discussion

We utilized this product for a few months right now, but it doesn't seem to have much value in comparison to our other online tools. Good concept, works well. It just seems that our membership is not interested.

You make a good point, Wally. I should have caught that one. I'll take that out tidbit.

According to the article, "Bankrate.com examined 56 high-yield checking accounts...and found the average annual percentage yield (APY) to be 1.64%—nearly 33% higher than the average interest-bearing checking account (0.05%)." By a show of hands, who thinks a 1.64% APY is only roughly 33% higher than a 0.05% APY? Hmmm...

Steve, As always, the E-Scan provides key strategic insights for credit unions to consider. When it comes to reaching Generation Y (trend number 10), one of the best things credit unions can do is to target mom and dad. Research indicates that most young people start their first "bank" experience where their parents recommend. So to reach Gen. Y, go after mom and dad. Mark

Ed, this is correct: 100% is a 1-to-1 relationship, not 1%, which is a 1 to 100 relationship.

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