THE 'tude

Even though NCUA’s public board meeting on May 25 had a minimal agenda of two items, comments completely scripted, and outcomes pre-determined by design, there is still much to be learned from the live session.

In 2013 I packed all of my belongings into my Nissan Sentra. My golden retriever, Moab, and I were moving from Baltimore to a climbing town. The destination was unknown but would soon be discovered after the International Climber’s Festival lured me to Lander, Wyo. 

The use of artificial intelligence is not a novel idea, even in the risk-averse financial services industry. While most of the effective uses of AI have traditionally taken place in the background -  spam identification, fraud prevention, and risk assessments - that is not the case for AI systems like ChatGPT. 

It’s always perplexing to me to hear how often credit unions seem unsure of which markets to serve next, as if the fintechs and big banks have gobbled up all the loaves of bread on the shelves and there aren’t even an crumbs to be found.