CU 2.0 Fintech Friday: Wizely

It’s CU 2.0 Fintech Friday! Today, we’re highlighting Wizely to see what they bring to the world of credit union technology partnerships.

This is our chance to chat with the people who push our industry forward. They bring new techniques, new technologies, and new points of view to the scene. (And we promise, we’ll try to avoid digital distractions for your credit union’s CEO!)

Not so surprisingly, there’s a lot of competition among financial institutions. You are aware of this, of course. But that doesn’t always mean you’re in a better position to protect your interests against other banks, fintechs, and the like.

So, when they offer better loan terms, interest rates, or consolidation services, what is your institution going to do?

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The Dirty Secret: Maximize Fleet Value with Refurbished ATM Parts

Depending on the size of your bank or credit union, ATMs might cost you a little bit or a lot. The more ATMs, the more money you throw at them to keep them up and running.

That cost can be a bitter pill to swallow. So, any trick financial institutions have for keeping costs down is a necessary one. There is no single cost-saving solution that can replace all other efforts. Instead, there are several methods of maximizing the value of your fleet.

Recently, we wrote about how to save money and free up budget space at your credit union. We mentioned buying refurbished ATMs, but that’s not the only way to get the most out of your ATMs. One of the best and most ubiquitous ways to save money on ATM fleets is to use refurbished ATM parts. Here’s the low down on ATM part refurbishment.

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Basic Credit Union Social Media Tips for 2020

So much has changed in social media in the last few years. That’s especially true of some of the old favorites, such as Facebook and Instagram. There’s no shame in looking for a little refresher.

Consequently, we thought it would be a good idea to look at a handful of social media tips for your credit union. If some of these tips look familiar…

Well…

The more things change, the more they stay the same. Sometimes.

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OK Google: What Do You Want with Credit Unions?

Much ado has been made about “the growing fintech threat” in the credit union space. Well, most of that has blown over at this point. It’s pretty clear that most fintechs out there don’t want to be financial institutions. They just want to help out.

There are exceptions to this general rule, of course. Some fintechs are getting a little aggressive in their entryway into the banking realm.

But if you’ve been holding your breath waiting for the fintech threat to blow over…

Keep holding it.

Here comes big tech.

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How to Increase Credit Union Member Engagement

I’ve seen a few guides on how to boost credit union member engagement before. And you know what? I wasn’t impressed. They were a little technical and self-serving. Technical in that they listed things like “segment lists for content marketing,” and self-serving in that they sell content marketing services.

Okay, maybe that’s a bit harsh. Some of the best suggestions are technical and self-serving.

But we’d like to introduce a few of our own ways to increase member engagement at your credit union. And we’ll try to keep it accessible! Continue reading “How to Increase Credit Union Member Engagement”