Cinchy Wants to Change Credit Union Data by Liberating It
Let’s talk data liberation. And don’t worry, we’ll try to make this accessible and relevant for people who aren’t CIOs! Sometimes, a fintech comes along and changes the entire way we think about something. That’s what Cinchy is doing with credit union data. Apologies in advance for anything remedial. We think it’ll be worth it […]
Crux Gives Credit Union Business Lending a Boost
Small- to medium-sized businesses make great credit union members. They’re a big part of the local economy, they borrow even when individuals don’t, and their loyalty is almost unmatched. Yet most credit unions don’t cater to SMBs. That’s a big missed opportunity. Read on to learn more about small business accounts, lending, and how Crux […]
The Credit Union Case for Rocket Mortgage® Partnerships
Rocket Mortgage is one of America’s largest and most recognized lenders1. Their digital lending journey and client experience are nearly unmatched in their field. Not surprisingly, credit unions—and CU 2.0—think of Rocket Mortgage as the competition. But might they make better partners? For a surprising number of credit unions, the answer might be “yes.” Read […]
Credit Union Financial Advisors Are Losing to TikTok (feat. Wellthi)
There are more than 141 million Millennials and Gen Zers. Gen Alpha is just coming into banking age now that youth accounts are taking off. This is a really, really big market. It’s nearly half of the United States’ population. And credit unions are doing a historically bad job of catering to them. In fact, […]
Financial Health, Organization, and LifeTidy: A Credit Union Opportunity
Should credit unions care about their members’ financial health? Should they provide any tools to help with it? If you answered “yes” to either of those questions, you should keep reading. If you answered “no,” then you should read this guide, change your mind, and then come back here and continue reading. Now, it’s time […]
What Is a Fintech Enablement Platform (and Why Would Credit Unions Want One?)
Credit unions have wide and varied technology needs. One credit union might be on the hunt for a product that another credit union deployed a decade ago. And those two products might end up totally different to suite their respective memberships. The result is that there’s no clear path toward digital transformation. And yet, the […]
CryptoFi Eases the Credit Union Member Crypto Problem
Your members buy, hold, and sell cryptocurrencies. In fact, your members are more than twice as likely to engage with crypto than other consumers. And, with few exceptions, those member assets are being transferred to loosely regulated, unreliable online exchanges, and those assets might be gone for good from your ecosystem. What can you do […]
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 […]
Nesting Gives Startup and Tech Employees a Modern Mortgage
Normally, credit unions don’t give mortgages to people with high debt-to-income ratios, small down payments, and short job tenure. But then “doctor loans” allowed leverage on high income and job security afforded medical professionals. But physicians aren’t the only professional group that now have assets directly linked to high ability to repay despite a lack […]
Sparrow Powers Credit Union Student Loans
Most credit unions don’t offer student loans and they don’t want to. Often, credit unions will point students towards a major national lender (i.e. Sallie Mae) in return for a small finder’s fee. This doesn’t give students many options or a good experience. Furthermore, it leaves a lot on the table for credit unions. There’s […]