The best practices of data driven credit unions
The year 2025 is not far off, and yet that’s when consulting firm McKinsey predicts that in the business world, employees will use data to optimize nearly every aspect ...
The latest from Suchit Shah
Top 5 reasons to invest in business intelligence in 2022
So, you bit the bullet. You hired data managers and IT pros and purchased all the shiny analytics tools required to transform data into dollars for your credit union. What’...
Understanding your most valuable members with a multi-dimensional view of member engagement
Here’s some bad news and good news. The bad news (which comes as no surprise): the U.S. is officially in an economic recession. The good news? Following every ...
Increasing non-interest income: 3 ways analytics can help
Historically, credit unions’ major focus was on interest income earned from loans. Prior to 2010, it accounted for 80% of overall income and was plentiful enough to push other sources ...
Analytics can ensure your next product launch is EPIC
In recent years, consumer demand for loans has been high. The increased loan disbursements have raised loan-to-share ratios, increasing the risk for financial institutions, including credit unions. As a result, ...
CUs and digital readiness: Offering online banking services is no longer enough
Faced with the reality that 40% of Americans aren’t visiting bank and credit union branches in favor of online and mobile banking, financial institutions today understand that they must ...
Can you picture it? How data visualization saves the day
Numbers don’t lie. It’s an accepted truth. But while they may be supremely honest, numbers aren’t always the best communicators. People often have difficulty understanding the story ...
Transform gut-based guesses into data-driven decisions
Want to realize the benefits that come from tapping into a new market? Look no farther than your onboarding strategy. Strategic onboarding plans are one of the most effective sales ...