Many credit unions are struggling to retain members and capture the wave of increased credit union membership the industry is experiencing despite paying out a record level of membership dividends, helping members affected by the recent government shut down, maintaining lower rates and fees, and providing stellar member experience.5M new members joined credit unions Y/Y September 2017 to September 2018, but why aren’t consumers flocking to more credit unions in larger numbers? There are nearly 5,000 credit unions with assets of $500M or less, and some think these are the most vulnerable credit unions who may not survive to serve their membership. Year over year, credit unions with less than $50M in assets (58% of all U.S. credit unions) have reported negative membership growth, while the top 552 credit unions with assets above $500M have experienced strong membership growth. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Essar Bulk Terminal Ltd (EBTL), a part of Essar Ports, has completed works on a new passenger ferry terminal that will connect the Hazira Port in Surat and Bandra-Worli Sea Link in Mumbai.Starting November 15, SSR Marine Services Pvt. Ltd will operate the Cruise Mumbai Maiden, a passenger ferry vessel with a capacity of 200 passengers, between Surat and Mumbai.The Hazira-based terminal will also lead to ferry services being offered on other routes in the future, the company said.EBTL operates a 50 MTPA dry bulk cargo terminal at the same port.The company took charge of designing and constructing the facility, which includes both marine structures, like landing platform, passenger walkway and floating pontoon, as well as shore-based facilities.“I congratulate my team for building the passenger terminal in just eight months after receiving GMB’s permission to initiate this project. It was a challenging task that tested our technical expertise and project execution capabilities,” Capt. Subhas Das, CEO-EBTL, said.