WESTLAKE, Ohio—One company believes that efficiencies in IT is what will not just keep small credit unions in the game for the long haul–but make them formidable competitors, too.
THE boost
AUSTIN, Texas—The integration of new tools into LOS systems is making ordering services like flood certifications, appraisals and property reports simpler, allowing credit unions to better compete with a primary sales point of fintechs: quick loan closings.
RANCHO CUCAMONGA, Calif.–If there is a headline item when it comes to fake news in the credit union community, it’s that CUs must keep up with commercial banks on the latest technology trends. Actually, they should be aiming a little higher than that.
DES MOINES, Iowa—Keeping the credit union’s plastic top of wallet just got a little harder.
TAMPA, Fla.—If the new Zelle Network “becomes a verb,” it will be a strong sign the new P2P option has caught on with consumers, asserts one analyst.
SEATTLE–Mergers will continue to be a vital option for credit unions in 2017, with an average of 20 credit unions involved in mergers every month, according to one person.
LAS VEGAS–A credit union with more than 700 employees that sees less than 6% turnover annually—and nearly all that voluntary—shared its recipe with CU human resources professionals here.
FORT WORTH, Texas–-FOMO. Squad. Bae. Shade. If a credit union doesn’t understand the meaning of the terms, it isn’t alone. However, the credit union may be missing out on connecting with one of the fastest growing segments in the financial industry.
PEACHTREE CORNERS, Ga.–An inside/outside strategy can become a significant boost for credit union bottom lines this year, according to one person, who noted that in turn back-end efficiencies can free up money that can be used to improve products members will respond to.
FORT WORTH, Texas–The adage about a bird in the hand being worth two in the bush has never been truer than when it comes to growing share of wallet with existing members, according to one person who has helped CUs earn more business from the members they already have.