10 Social Media Tips for Credit Unions
So much has changed in social media in the last few years. TikTok is even bigger. Twitter is now “X.” LinkedIn feels like the new Facebook, and Facebook is a ghost town of ads and conspiracy theorists. If this sounds daunting, don’t worry! You’re not alone. Everyone—even the “experts”—look for a little refresher on social […]
CU 2.0 Podcast Kirk Kordeleski Money Talks Episode 3: CUES and Its Executive Compensation Bombshell
The latest CUES executive compensation numbers for credit union executives are out and this explosion still reverberates across the industry. Total median executive comp in 2022 was up 14.9%. For CEOs the total median compensation was $515,602.
CU 2.0 Podcast Episode 216 Chad Heese Chief Lending Officer Rogue Credit Union
What a difference a year makes. A year ago the typical credit union was awash in deposits – much of it coming in via stimulus money – and accordingly there was a rush to get that money back out on the streets working. that meant loans.
CU 2.0 Podcast Episode 215 Robert Johnston CEO of Adlumin on Cyber War and Your Credit Union
Robert Johnston was a Marine and that is where he honed his skills at waging war in the cyber dimension – and you better believe that is where a lot of warfare now happens, from Russia knocking out ATMs in neighboring countries through nation-state hackers targeting financial institutions, both to fuel widespread anxiety and simply […]
CU 2.0 Podcast Episode 214 Tom Shen, Malauzai Founder and Fintech OG
Tom Shen is a fintech OG, one of the originals who got his start in the industry 40 years ago when it was still called just financial services.
Lending Arts, Member Relief, and Credit Union Auto Refinancing
The numbers keep rolling in. US auto loan debt continues to reach new highs. At our current trajectory, consumers will owe $1.5t—yes, trillion—in auto loans. Not the best time for these gas prices, eh?
CU 2.0 Podcast Episode 213 Evan Bush Statflo on Compliant Texting Tools for Credit Unions
Your members’ text. Especially your younger members but today, really, everybody texts. That means your employees text too. So why can’t your employees text members with questions and offer them help. pointers, suggestions?
Questions to Ask Data Analytics Providers (for Credit Unions)
There are many different uses for data analytics at credit unions. And, it seems, there are as many data analytics providers as there are uses. We believe this is a good thing. However, we understand that the plethora of vendors can make it hard to find the right one. Moreover, even reviewing our data analytics […]
CU 2.0 Podcast Episode 212 How $130mil River City FCU Became a Small Business Lender
Talk about miracles. River City FCU in San Antonio knew it wanted to make small business loans – many of its members owned and/or worked in small businesses – and you have to know how hard it is for any small business to snare a loan. Then up the degree of difficulty if the small […]
Which Credit Union Jobs Are in Danger of Being Automated by AI?
According to a 2017 Gallup survey, 73 of US adults believed that AI will “eliminate more jobs than it creates,” but only 23% worried about losing their own jobs. Clearly, people understand the theoretical capabilities of AI… but is there a disconnect when it comes to how it will affect them?