The Credit Union 2.0 blog gives you all the tools you need to see the forest for the trees.
Welcome to episode 34 of the CU 2.0 Podcast.
Quick now, how much did financial institutions collect in overdraft fees in 2017? The answer is $34.3 billion. That’s right, billion.
A lot of us are getting soaked by high bank fees and thus TrueFees, founded by Ben Premo whose intent is to shine a light on the actual fees charged by financial institutions.
Continue reading “CU 2.0 Podcast 34: Ben Premo TrueFees on Fee Transparency”
It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Posh Technologies to discuss all things credit union, fintech, and digital innovation.
Posh Technologies harnesses the power of AI and machine learning to provide chatbots for banks, credit unions, and other industries. But “chatbots” might not be the best term…
Sometimes it can feel darn near impossible to figure out how much it costs to acquire a new credit union members.
But should it be so hard?
We spoke with Bryan Adler, CEO of Vetter. Adler has a lot of experience in attracting and onboarding new members at credit unions and community banks.
What Adler revealed is that the cost of new credit union member acquisition is actually very low—and easy to calculate!
Continue reading “How to Calculate Credit Union Member Acquisition Cost”
Welcome to episode 33 of the CU 2.0 Podcast.
How long does it take your credit union to respond to a mortgage application with a verdict? Anything longer than 10 minutes just may be too long. Are you still in the game?
At Filene, Erin Coleman, senior impact director, mulls just that kind of question as she hunts for ways for credit unions to stay competitive in a landscape that is ever more perilous.
She also discusses the need for credit unions to involve more young people – as members, sure, but also as employees and as volunteers, even board members.
Then there’s the question of how far in the future you are thinking. A year or two isn’t good enough. Can you think five years out? Ten? Okay, what impacts do you think autonomous cars will have on credit unions – and know they are coming and they will impact you. Are you ready? Coleman talks about exactly that question here.
This is a wide-ranging podcast but it just may help light a path to a successful tomorrow. Listen up!
It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with FilingMate to discuss all things credit union, fintech, and digital innovation.
FilingMate is a Software as a Service (SaaS) platform for insurance companies to find, manage, complete, and submit regulatory filings.
Insurance carriers, agents, and producers deal with mountains of regulations. As a result, they have quite the burden as far as paperwork is concerned. That could include:
For credit unions who provide insurance, this kind of regulatory management software represents the end to several headaches.