CU 2.0 Credit Union Fintech Friday: StackUp
It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with StackUp to discuss all things credit union, fintech, and digital innovation. Nearly 50 million people in the United States use a financial advisor or a robo-advisor. Unfortunately, not all of those people know how their advisors are performing. Not only that, but they may […]
Four Lessons Learned From the CU Leadership Convention
This past week I had the pleasure of speaking at the CU Leadership Convention in Las Vegas, Nevada. This was the first year I have attended this conference, and it was previously called the CU Directors conference. Now that the organizers have opened the conference up to credit union management teams, the conference attendees have […]
Three ways to better connect with your membership
As small niche financial institutions, it is imperative that we don’t lose sight of who we serve. It is essential to your credit union’s survival to be highly focused on your niche and to customize and personalize your credit union’s solutions. One of the most essential ingredients in this process is how to connect with […]
CU 2.0 Fintech Friday: PeopleHedge
It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with PeopleHedge to discuss all things credit union, fintech, and digital innovation. PeopleHedge helps importers, exporters, credit unions, and community banks with foreign exchange services. As they put it, “typically, they shave about a hundred dollars off the cost of an average transaction for the […]
Being Relevant to our Members
In my last blog, I talked about cleaning up data. Ugh. It is hard work, and I was primarily focusing on core system data. Today I want to suggest thinking about new ways Credit Unions can use existing data. Most Credit Unions have a heartfelt mission of supporting member’s financial well-being. Yet in some ways […]
CU 2.0 Fintech Series: LearnLux
It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with LearnLux to discuss all things credit union, fintech, and digital innovation. Rebecca Liebman founded LearnLux after she became fascinated with economic systems and financial health. She began working at a lab at MIT where she began researching historical data and patterns in finance. She […]
When the Credit Union “Human Advantage” Adds Up to Zilch
By Robert McGarvey For CU2.0 Ask credit union senior executives how they plan to beat banks and – I have heard this every time I have asked – they say “our people.” They elaborate that their people are good, kind, caring credit union people, from the community, and this will be the deciding weaponry in […]
Getting Your Data In Order – A Recipe for Credit Union Digital Transformation
Data is fundamental to your credit union digital transformation. Customers must be able to efficiently and effectively manage transactions online. Credit Unions must be able to infer customer needs from those transactions and reach out to customers where they “live” online, whether through email, social media, or text. This blog post presents a simple recipe […]
CU 2.0 Fintech Friday Series: CU Ledger
It’s CU 2.0 Fintech Friday! Today, Amy McCaughey sits down with Rick Cranston from CULedger to discuss all things credit union, fintech, and digital innovation. CULedger introduces permissioned blockchain technology to credit unions. Permissioned distributed ledger technology democratizes the financial system, allowing broad access to improvements in data storage, validation, and distribution. Distributed ledger technology […]
CU 2.0 Fintech Friday: DocFox
It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with DocFox to discuss all things credit union, fintech, and digital innovation. If you want your credit union to grow, and grow safely, the fintech DocFox wants to help. Their goal is to help your credit union navigate the ins and outs of onboarding, regulation, […]