Velocity Solutions News Archives

How you can help members weather the COVID-induced financial storm

How you can help members weather the COVID-induced financial storm

The “Times Insider,” a division of the New York Times, recently released one of the most shocking pandemic-related statistics yet: Twenty-two million U.S. jobs were lost in March and April because of the pandemic — [...]

Catch up on Velocity Solutions’ Credit Union Recovery Series

Catch up on Velocity Solutions’ Credit Union Recovery Series

Have you downloaded all four white papers to date in Velocity’s Credit Union Recovery Series? If not, here’s your chance to catch up. This series of white papers identifies and explores the top [...]

Why a MANAGED overdraft program matters more post-crisis

Why a MANAGED overdraft program matters more post-crisis

Overdraft has always been a valuable service to consumers, even pre-crisis, and it will continue to provide value post-crisis for consumers who need to rely on this protection more than ever. As consumers across the [...]

Revive and reengage member swiping & deposit activity

Revive and reengage member swiping & deposit activity

In a blow to our economy unlike anything we’ve seen before, spending has plummeted across all payment methods and has impacted nearly every category, except for necessities such as groceries. Most financial institutions are [...]

Is your overdraft program UNMANAGED?

Is your overdraft program UNMANAGED?

Is your credit union offering only static, one-size-fits-all overdraft limits? Giving every member the same overdraft limit means you’re working with an UNMANAGED program and limiting your ability to manage charge offs and address [...]

Alternative data in lending is here to stay

Alternative data in lending is here to stay

If your credit union is using only traditional underwriting methods, chances are that you’re limiting your lending potential.  The use of alternative data in underwriting opens credit avenues for members and small businesses that [...]