Trellance News Archives

Using data to create a unique member experience

Using data to create a unique member experience

Enhancing member experience has been the subject of many blogs and white papers, and there is a reason why this topic is so popular. In fact, there are three good reasons why this topic is [...]

Data use cases for credit unions: Chapter 1

Data use cases for credit unions: Chapter 1

Data Use Cases is an ongoing series showcasing real use cases of success that credit unions have had using data analytics to solve real world problems. Data analytics was once the sole domain of giant [...]

Data use cases for credit unions – Part 1

Data use cases for credit unions – Part 1

Data analytics was once the sole domain of giant tech companies – Amazon’s suggestions “If you bought that you might like this” or Facebook’s algorithms of which of your friend’s posts you most [...]

Using data to create a unique member experience

Using data to create a unique member experience

Enhancing member experience has been the subject of many blogs and white papers and, there is a reason why this topic is so popular. In fact, there are three good reasons why this topic is [...]

Reasons why you need a data warehouse strategy – Part 1

Reasons why you need a data warehouse strategy – Part 1

So, you can now breathe a little easier, just a little, with the Financial Accounting Standards Board (“FASB”) officially delaying Current Expected Credit Loss (“CECL”) implementation to fiscal years beginning after December 2021. Basically, the [...]

Scoring our predictions for 2018 – a look-back

Scoring our predictions for 2018 – a look-back

In keeping with the tradition started two years ago, where we score how well the Trellance team did on the previous year’s predictions, below is our report card for our 2018 predictions. For a [...]

Data: The key to a successful card portfolio

Data: The key to a successful card portfolio

Understanding your members’ behavior gives you the opportunity to serve them effectively and in turn, increases your bottom line. Unfortunately, it is not uncommon for credit unions to overlook existing cardholders as a significant opportunity [...]

Fed study shows trends in debit interchange

Fed study shows trends in debit interchange

The Fed released its latest update on debit card interchange, and it showed very subtle but very telling trends for financial institutions with less than $10 billion in assets – a category called “exempt”, which includes [...]

Regulators helping credit unions

Regulators helping credit unions

Federal regulators are reaching out and helping credit unions and community banks with a series of changes. On October 3, 2018, Federal regulators ruled that credit unions and community banks can pool resources for anti-money [...]

UDAAP clarity is coming

UDAAP clarity is coming

On October 17, 2018, Acting Director of the Bureau of Consumer Financial Protection (BCFP) (previously the Consumer Financial Protection Bureau - CFPB), Mick Mulvaney, announced at the Mortgage Bankers Association, that the Bureau has set [...]

Do you know where your report data is?

Do you know where your report data is?

A typical credit union downloads its report bundles daily from its processors. Usually, the only option is to store those highly sensitive Payment Card Industry (PCI) report bundles on a network drive, with some level [...]