Low-Income Credit Unions: Scam or No Scam
The NCUA lit this bonfire when in early May it tweaked the criteria for a credit union to win designation as a low-income credit union. That matters because an LICU gains significant flexibility in how it can do business, notably it can accept deposits from any source and gain exemption from aggregate loan limits on […]
CU 2.0 Podcast 92 Sahil Pankhaniya, A Start Up Credit Union at George Washington University
What will blow your mind as you listen to this podcast is how savvy and smart the guest is. That’s Sahil Pankhaniya, a 20 year old student at George Washington University in Washington DC who is pursuing the launch of a wholly new, student run credit union credit union at the Washington DC institution. How […]
Digital ID Is the Future
Recently, a coalition of industry leading businesses joined forces with the Linux Foundation to establish Trust over IP (ToIP). The coalition includes IBM, MasterCard, and CULedger, among others. The fact that such big players are interested in this project should indicate how important digital ID is. To be clear, digital ID is something that affects […]
CU 2.0 Podcast 91 Sherif Hassan Capiform on Smarter Lending Now
How could we build a lending tool that anybody could use? That is the driving thought that led Sherif Hassan to form fintech Capiform and the timing could not be better. That’s because, with the Covid-19 pandemic and the ensuing recession, suddenly credit unions are awash with savings deposits (as investors flee equity markets) and they also […]
Things We’ve Learned from Quarantine
Social distancing has been easy for only a few of us. For most, it’s been… difficult. Many of the CU 2.0 team have replaced a social life and recreational activities with work. It’s stressful, but we all cope how we can.
Go Digital or Perish: The J.D. Power Survey
The annual J. D. Power U.S. Retail Banking Satisfaction Survey is out, and most years that is an occasion for a big yawn among credit union executives. Why? Because the report usually is a scorecard of how the big six banks are faring. And who else cares about that?
Trust over Internet Protocol and Digital ID
What do AI titans like IBM, payments giants like MasterCard, and blockchain wizards like CULedger have in common? They’re all working together to advance global standards for secure digital ID.
Recommended PPP Loan Documentation for Forgiveness
Guidance from the SBA has been relatively spotty, but that shouldn’t deter lenders from providing PPP loans. Many businesses need them to survive—and the extra loan income can help credit unions weather this recession!
Credit Union Recession Guide
As of this writing, the COVID-19 quarantine appears to have flattened the curve somewhat and discussions have shifted to how things will reopen. Many credit unions have been in crisis management mode for many weeks, and while they have felt the impacts on day to day operations with branch closures and remote workers, the financial […]
Auto Lending During and After COVID-19 – Webinar Recording
For those of you who attended, thank you for joining CU 2.0 and Loanify on our Auto Lending During and After COVID-19 webinar! In case you missed it, or you would like to watch the webinar again, check out the recording here: