CUSOs and Innovation: A Deep-Dive into Their History and Future Disruptions
You might already think of Credit Union Service Organizations (CUSOs) as the unsung heroes of the finance industry. But dig a little deeper, and you’ll find that, unsung or not, these stalwarts have a history that resonates with innovation. From conceptualization to modernization, they’ve revolutionized financial services, especially in credit unions. I invite you to […]
Reacting to Disruption: Identifying Opportunities, Embracing Change, and the Unyielding Resilience of Credit Unions
The financial ecosystem’s landscape is prone to disruptions and changes. These changes are the only permanency credit unions are familiar with. However, the credit union industry has proven time and again that it doesn’t bend under pressure; instead, it weathers the storm with unwavering resilience and strength. This is a tenet of the cooperative spirit […]
Fintech Investment Funds for CUs by CUs
By Kirk Drake and Chris Otey Hey, quick note: if you want more fintech and CUSO investment opportunities and news, there are 2 ways we can help you: CU 2.0 believes that credit union investment in fintechs and CUSOs is the best way to ensure that financial technology benefits credit unions. The worst case scenario […]
Greenlight Powers Credit Union Youth Accounts
Millennials and Gen Z don’t know what credit unions are. We said it years ago, and a recent study confirms it now: Credit unions just don’t know how to acquire and support younger members. Many credit union executives still use “Millennial” as shorthand for “youth,” but Millennials are now in their 40s. Many in Gen […]
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 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 […]
Constellation and the Next Stage of Digital Banking Platforms
We won’t bother linking all the statistics that support this statement: Digital banking is the front door to your digital branch.