The banking industry has experienced a dramatic shift in the last few years. New priorities for mobile banking, real-time connection for financial advice, and even a completely digital, paperless banking experience (with no physical branch [...]
Thank you for tuning in to episode 26 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
Virtual or Plastic? It’s a choice that soon all credit unions and card issuers will be asking as the virtual card market continues to grow to a predicted threefold increase by 2025 (PYMNTS.com). [...]
It’s official, Q3 of 2021 NCUA data is in. The statistics look promising for credit unions: A YoY growth in credit card balances has been recorded for the first time in the last six [...]
Thank you for tuning in to episode 24 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
The names each of us have matter a lot in how we present in the world. Some people get nicknames early in life that are used so much that their given names only crop up [...]
The pandemic fundamentally changed how consumers use credit cards and the long-term profits financial institutions generate from those cardholders. Consumers allocated some of their stimulus payments to pay down their credit card balances, wiping some $[...]
Consumers want more than just a great interest rate when they choose a credit card issuer, PYMNTS research has revealed. Three out of four consumers consider user experience features such as cash back rewards, better [...]
Thank you for tuning in to episode 125 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by CUES. CUES is the leading talent [...]
The past year has proven to be full of change for issuers, as cardholder spending patterns, preferences and in some cases, financial lives, changed quite rapidly. While Fitch Ratings’ findings that card performance remains strong [...]
Thank you for tuning in to episode 21 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
Credit unions derive income from revenues generated by two primary sources: interest income and fee income. Interest income is revenue earned by lending money, and fee revenue is earned from account-based charges. Typically, interest income [...]
“Although credit cards dominated the U.S. market for decades, it’s clear that a seismic shift has started taking place, and they will likely become obsolete in a generation or two.” That is a [...]
Credit scores and consumer spending habits have changed since the beginning of—and even throughout—the COVID-19 pandemic. FICO scores are up, credit card balances and delinquencies are down, and many consumers are refinancing or [...]
Credit unions derive income from revenues generated by two primary sources: interest income and fee income. Interest income is revenue earned by lending money, and fee revenue is earned from account-based charges. Typically, interest income [...]
