Running a small businesses can be tough. Between staffing, compliance, policy creation, managing payroll, financial reports, and the 2,000 other things you have on your plate, sometimes the time you have “left over” (if [...]
An Automated Valuation Model, or more commonly known as an AVM, is a program that automatically analyzes various data points to produce an estimate on the current value of a home or property. An AVM [...]
To achieve the perfect recipe, you need the right ingredients. That holds true for items beyond just food recipes. Managing risk is a priority on the top of every credit union’s list, and when [...]
Over the last few years, lenders have noted an increase of individuals applying for lines of credit. The influx of credit applications has put a demand on lenders to review higher volumes of applications in [...]
In the auto insurance world, the news of late is not good for anyone—auto insurers are making less money than they used to, and in an attempt to recoup some of their lost profits, [...]
Being in the payment industry for well over two decades, now, more than ever, we are seeing consumer experience and the demand for self-service solutions causing significant growth in online and mobile payments. Particularly, in [...]
Increasing non-interest income to help cover costs and introducing new services and services while also staying true to your financial institution's mission can be tricky. One way to do so is by introducing new products [...]
No matter the industry, customer retention should play a critical role in your business model—and financial institutions are no exception. While acquiring new customers is always top of mind for financial institutions, retaining existing [...]
It's a sad fact that good news is rarely 100% positive; usually we can expect some undesirable result from sunny situations. The U.S. economy's recovery after the Great Recession is a perfect example. While [...]
In the lending industry, delinquency is a constant and costly threat. The best way to minimize the impact of this constant threat to credit unions’ bottom lines is to do our homework when lending; the [...]
This is an important alert to inform you about a scheme that could affect the payments industry. "Unlimited Operation" Schemes Threaten Financial Institutions Unspecified reporting obtained by the FBI indicates cyber criminals are planning to [...]
One of the main sources of wealth among American families is homeowner equity. According to a report from the Federal Reserve1, household net worth in this country rose to a new record, hitting $98.74 [...]
By now, you've probably heard the sad auto industry news, that vehicle sales are down this year and are not expected to rebound anytime soon. Basically, auto manufacturers did too good a job in recent [...]
As you may have heard, there’s a new tax that affects tax-exempt entities, including credit unions. In response to complaints from taxed corporations that tax-exempt organizations are enjoying preferential treatment, the 2017 Tax Act [...]
In the auto lending industry, delinquency is a constant and costly challenge. The only way to deal with it is to watch the road ahead and change our paths and tactics to “switch gears” as [...]
