Understanding financial data has come a long way in the past 20 years and continues to grow and get smarter. With millions of different data elements being accessed, compiled, and communicated to on a daily [...]
Recently while working to help a credit union stimulate their loan production it was discovered that part of the problem was due to their inability to process consumer loans quickly enough – members were expressing interest [...]
Like presidential candidates, statements are often viewed as a necessary evil. As a result, many banks dump data straight from their cores onto paper without much regard for the layout, and then mail them to [...]
Using “Big Data”, that is accessing and cross-referencing the many data troves on credit union members in order to cross sell, has been the subject of many white papers and conferences. Analyzing purchase transaction data, [...]
Big data, data mining, data analytics – these are terms most credit unions know and consider critical to success in a data-driven future. At the same time, many leaders in the movement have questions about how [...]
Figuring out the best way to welcome new members into your credit union is a process. We’ve created a sample welcome letter that you’re free to use as a starting point to develop [...]
21 days. There are only 21 days left in 2015. Even fewer depending on when you’re reading this. Take that in for a moment; we are shockingly close to the end of the calendar [...]
Intelligent and timely member onboarding can be one of the most effective growth strategies for credit unions wanting to improve engagement, brand recognition, cross-sales, retention and the lifetime value of a relationship. A significant benefit [...]
Stop relying on rates and rates alone to drive auto loan growth. It’s a big world out there so make the message clear for members: The fast track to driving a vehicle is through [...]
by. Konrad Christensen Walmart recently made headlines, announcing it will let customers reload other brands’ prepaid cards in their stores. At the same time, the big-box retailer also said customers no longer have to stand [...]
Technology continues to eliminate face-to-face contact and cross-sell opportunities and with the proliferation of online account opening platforms: now is the time for a formal onboarding process. Challenges of the past few years have changed [...]
