How Can Credit Unions Reduce Reliance on Fee Income and Reimagine Non-Interest Income?
This blog is based on an expert discussion at our Summer 2022 Brainstorm Event. Register to attend our next one now! Credit unions are facing an event that could spell trouble if not properly and swiftly addressed: The industry’s big source of non-interest income, the non-sufficient funds (NSF) fee, is falling out of favor, both with […]
How Can Credit Unions Reinvent Themselves for Blockchain and DeFi?
This blog is based on an expert discussion at our Summer 2022 Brainstorm Event. Register to attend our next one now! This breakout panel at the CU 2.0 Brainstorm Event gathered to discuss all things blockchain and DeFi, exploring the potential that these Web3 concepts have to change both the member experience and infrastructure of credit […]
How Can Credit Unions Use Analytics to Improve the Member Experience?
This blog is based on an expert discussion at our Summer 2022 Brainstorm Event. Register to attend our next one now! Credit unions have been historically slow to react to technological innovations, but that could change with data. Data analytics can help to monitor, operate, and enhance the member experience. That is, if they can access […]
How Can Credit Unions Incorporate BNPL and Installment Lending?
This blog is based on an expert discussion at our Summer 2022 Brainstorm Event. Register to attend our next one now! Living in the age of convenience and instant gratification has financial implications and the landscape around lending is changing to reflect that. Over the last several years, we’ve seen massive growth in Buy Now, Pay […]
How Can Credit Unions Acquire and Support New Business Accounts?
This blog is based on an expert discussion at our Summer 2022 Brainstorm Event. Register to attend our next one now! Small- to medium-sized businesses (SMBs) are a desirable but largely untapped resource as far as credit unions are concerned, not only as new loan sources, but also as a pool of potential new members. What’s […]
How Can Credit Unions Make Money Off of Fintechs?
This blog is based on an expert discussion at our Summer 2022 Brainstorm Event. Register to attend our next one now! The relationship between fintechs and credit unions has evolved as credit unions make major tech advancements. Instead of competition, there’s more partnership. This opens up new revenue opportunities for progressive and forward-thinking credit unions. A […]
All Aboard the Fintech Service Bus: Accelerating Digital Transformation
This piece is based off of a roundtable discussion at the CU 2.0 Brainstorm Event in January 2022. It’s not intended to be comprehensive—rather, it will provide a quick look at emerging trends in fintech service bus strategies for credit unions. Several Brainstorm Event panelists suggested that credit unions are now technology providers. If that’s […]
Need Loans? New Proven Lending Strategies
This piece is based off of a roundtable discussion at the CU 2.0 Brainstorm Event in January 2022. It’s not intended to be comprehensive—rather, it will provide a quick look at emerging trends in fintech lending strategies for credit unions. Loans are the backbone of credit union income, yet fintech and neobank competitors are doing […]
Autonomous Banking Powered by AI-Based Tools
This piece is based off of a roundtable discussion at the CU 2.0 Brainstorm Event in January 2022. It’s not intended to be comprehensive—rather, it will provide a quick look at emerging trends in autonomous and AI-based banking technology. In this session, the expert panel discusses the advantages and limitations of AI and the role […]
Non-Interest Income (and How Fintechs Can Help)
This piece is based off of a roundtable discussion at the CU 2.0 Brainstorm Event in January 2022. It’s not intended to be comprehensive—rather, it will provide a quick look at new opportunities for non-interest income for credit unions (and where fintechs are providing a lift). As noted in the panel, credit unions survive by […]