Bad times are coming at you. A recent Credit Union Times headline screamed: Preparing for COVID Loan Losses. The subhead multiplied the miseries: CUs are preparing for a wave of COVID-related loan losses, delinquencies, and bankruptcies.
This is a summer of discontent. Streets in many American cities, from Portland OR to Phoenix to Washington DC are filled with protesters demanding more opportunity, and better treatment for people of color.
What does this have to do with credit union people?
Potentially a lot.
A question is getting asked these days that you probably never thought would be on the minds of credit union executives: should we get involved in cannabis banking?
Everything is different today in financial services.
That means your credit union.
Easy question for you: can consumers originate a new account at your credit union within the mobile app?