When members do business at their credit union, their digital preferences aren’t just measured against other experiences in the financial services space — but by bigger retail and entertainment companies. So, credit unions need to [...]
Access to credit is the key to opportunity and upward mobility for millions of Americans, yet less than half of Americans have access to prime credit today. AI and machine learning are helping lenders identify [...]
Whether you’re in favor or against digital assets, they’re here to stay. While cryptocurrency may be the first thing that comes to mind, that only scratches the surface of how expansive digital assets [...]
Despite the inventory shortage and rising interest rates, 2022 has been a record-breaking year in auto lending for credit unions. New car loans reached $164.4B in June, up nearly 15 percent from 2021, and [...]
With major changes in the global economic landscape and banks scaling back on lending, credit unions have an opportunity to step in to fulfill member needs for affordable credit. In this webinar, Jason Reed, COO, [...]
In the current economic environment, finding an affordable home has become out of reach for many potential buyers. What if a realistic option was to co-own a home or property instead of pouring money into [...]
In an environment characterized by high inflation and rising rates, many lenders tend to tighten their credit policies. However, credit unions like The Atlantic Federal Credit Union (The Atlantic) are stepping in to foster the [...]
The uncertainty in our current economic environment has caused some lenders to tighten their approach to credit and pull back from some lending activities. However, I believe that this is a moment when AI can [...]
The world of finance and lending has recently begun to experience the innovations of the digital world that have been widely felt across other sectors. However, while global industries have been greatly influenced over the [...]
As those of us in the lending industry know, unsecured loans inherently carry with them the highest level of risk. Because they’re not backed by any piece of collateral like an auto loan or [...]
Banking has seen some drastic shifts since the global pandemic — from the competition to attract and retain new talent, to meeting the needs of customers facing increasing inflation and uncertainty in this precarious economic climate. [...]
In recent years there has been more reporting and recognition of the racial wealth gap — the growing disparity in the family wealth in Black households as compared to white households. Banks like Carver State have [...]
BCU, a $5.5B credit union outside of Chicago, noticed a growing consumer need for personal loans for debt consolidation and home improvement projects. Combined with a significant dropoff in branch traffic during the pandemic, [...]
Credit unions are dedicated to not only serving their members’ financial needs, but to helping their members foster long-term financial wellness. Our guest today, Brian Vannoy, Chief Credit and Risk Officer at Allegacy Federal Credit [...]
Digital strategies are not just for deepening relationships with customers. The digital experience is also a way to refine and improve processes while also building community trust. Today’s guests, Mary Kate Loftus, Executive VP, [...]
