The automotive industry has been in a unique state in the wake of challenges brought on by the pandemic. Elevated interest rates and the rising cost of vehicle ownership continue to present challenges for members, [...]
Like most markets these days, the mortgage industry is facing considerable economic headwinds as high inflation and the threat of a recession make it difficult to pin down—let alone lower—mortgage rates. According to [...]
Taking care of employees is crucial for attracting and retaining top-tier talent. A progressive company culture, competitive salaries, and traditional benefits will always be a strong foundation for a great workplace. But if there’s [...]
Everything happening in our economy today hinges on inflation. If inflation continues to fall quickly, robustly, and smoothly, we can expect the U.S. economy to rebound well. Consider it a softish landing, as the [...]
As your credit union’s member base expands, it is important to ensure your call center operations remain efficient while providing the level of service existing members have come to expect. According to Statista, 40% [...]
People are a lot more comfortable discussing mental health, these days, and we think that is a good thing. Not just for employees who benefit from improved states of mind, but also for employers who [...]
Across the board, the largest asset a financial institution has is its loan portfolio. But each financial institution is unique regarding its business goals and borrower demographics; therefore, finding the right loan risk management program [...]
Times may be tough financially, but that does not mean consumers are skimping on necessities or sacrificing luxuries to get by. Many are leveraging a popular lending concept that facilitates short-term split payment options to [...]
Three years after the COVID-19 pandemic began, Americans are still feeling its emotional, physical, and economic impact, ever reminding us of the importance of preparing for the unexpected. In 2021, we explored the effects COVID-19 [...]
These days, owning a vehicle is a tall order. Auto prices, heavily impacted by supply chain issues, have soared to record highs, with the average new vehicle price redlining at roughly $49,000. Add to [...]
Financial institutions and their borrowers are up against challenging times. Many households are facing financial difficulties in the face of high inflation, while financial institutions are struggling to maintain profitability due to economic uncertainty and [...]
There’s no getting around it—the past few years have been stressful. This month marks the third year since COVID-19 completely disrupted our realities. The anticipated “new normal” never began and was instead replaced [...]
As we discussed in part one of our Q1-2 2023 Economic Outlook, the financial sector appears well-positioned for an economic downturn. That being said, we are seeing the deterioration in delinquencies we have been forecasting. [...]
As we have been saying for several of our previous quarterly economic updates, as inflation goes, so goes the U.S. economy. A quick and rapid descent of inflation will take pressure off the Fed [...]
Thank you for tuning in to episode 52 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 [...]
