Credit unions must act local, but think global
Last month, on a plane to India to open our company’s newest office, I had hours to reflect on changes in the credit union industry since my work here began in 2004. The digitization [...]
Last month, on a plane to India to open our company’s newest office, I had hours to reflect on changes in the credit union industry since my work here began in 2004. The digitization [...]
Consumer enthusiasm for technology is growing – but they don’t necessarily think about it that way. Instead, of “technology,” consumers want … Immediate access to the products and services they need. The convenience to manage their [...]
Is it too lofty a goal to make member experience grow better with every single transaction? Not if predictive analytics is part of your plan. Every member interaction – even the most routine – reveals incredibly valuable [...]
While cloud solutions took the business world by storm about a decade ago, banks and credit unions were initially slow to adopt over prudent concerns about data security. As those data security concerns have been [...]
One of the benefits of a more data-driven society is the opportunity to reduce the biases that unconsciously creep into human decision-making. No one wants to think they are biased in their work, but today, [...]
Have credit unions peaked when it comes to auto loan growth? The question grows louder as credit unions’ share of auto loans slowly shrinks against steady pressure from competitors. After the Great Recession of 2008, [...]
We’re not going to sugarcoat it. Diving into the world of data analytics is a big, huge step, but if you want your credit union to not only survive, but thrive, it’s a [...]
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 [...]
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’s your next move? If [...]
It’s not always easy to see the value of data governance when there isn’t an immediate cost savings or cash windfall. But what if you discovered that ineffective data governance could cost your [...]
Publisher’s Note: CUInsight is hosting a free webinar Wednesday, December 15th titled, “Leveraging Public Data Sources for Credit Union Growth." We hope you’ll join us! Register here. Within credit union’s own data [...]
Life Stage Marketing can be a key strategy for any credit union looking to improve their member experience and grow the credit union. Implementing Life Stage Marketing allows you to match existing and prospective members [...]
These days, data is its own currency. It can help you better understand your members, forecast upcoming trends, and make better business decisions. And those better decisions can translate directly into better profits. According to [...]
Implementing and managing credit card portfolio has always been an important activity for credit unions. This has been so because credit cards have always been the most profitable product for any financial institution. It is [...]
A quarter of nationwide auto loans are financed by credit unions, making auto lending a significant component of a credit union’s total loan portfolio. Now with 2022 fast approaching, and vehicle sales reaching pre-pandemic [...]