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.
Continue reading “OK Google: What Do You Want with Credit Unions?”
There are countless opportunities for credit unions to spend money and improve services. But how about where they can save money and do the same?
We’ve put together a quick introduction to a few cost-cutting services for credit unions. As a bonus, they all provide opportunities to improve your products or services.
So, if you need to save money—or just make room in your budget for something else—look no further.
Continue reading “How Your Credit Union Can Save Money in 2020”
Okay, let’s start this out with a major caveat:
Most young people don’t have a good understanding of the financial world. Ask them to tell you what APR stands for. Or the difference between renting and leasing. Or how credit scoring works. Many will answer competently, but most will not.
So, take this will a grain of salt:
Most Millennials and Gen Z don’t know what credit unions are.
Continue reading “Millennials and Gen Z Don’t Know What Credit Unions Are”
At CU 2.0, we introduce a lot of fintechs and technology organizations to the credit union industry. To be honest, we’re still shills for the concept of digital transformation.
But though we present many companies, we’re strategic about the ones we recommend. Not all digital transformation is good.
Unfortunately, some of the products and services hitting the CU market are just noise. So, let’s look at digital distractions for credit union CEOs.
Continue reading “Which Technology Is Just Digital Distractions for Credit Union CEOs”
It’s that time of year again! Time to see who’s been bad or good, scope out shiny new tools, and make wish lists. And no, we’re not talking about the holidays.
It’s credit union budgeting season. Time to decide your fate for the next year. Will you have enough money for everything you need? Or will you cut corners…
And how do credit union employee benefits fit in?
Continue reading “How Much Do CU Employee Benefits Impact Your Return on Assets?”