Checking / Share Draft 2.0 Guide

Take your checking / share draft account to the next level!

CU 2.0’s Checking / Share Draft 2.0 Guide rests on a simple premise:

Banking habits are changing. The way banking services are provided must change, too.

So, if you’re ready to think about the checking / share draft account of the future, then this guide is for you!

What’s in this guide

Checking 2.0 is a concept based on the subscription economy. Why should credit unions consider a subscription share draft model? How can credit unions provide enough value through an enhanced checking account that members would be willing to pay for it?

To begin, our Checking 2.0 Guide assesses the current market to identify key trends. In this guide, we provide analysis on:

  • Digital banking preferences by age
  • Payment methods
  • Account opening options
  • Fees, subscriptions, and profitability

We also provide a self-assessment framework for you to measure your credit union’s checking / share draft account against the competition. This exercise will show you areas where your credit union might need to focus on digital improvements.

Finally, we include a review of fintechs and technology companies that provide or augment checking account services. Our ratings of each provider are based on our experience, industry feedback, market data, and opinions. Also, our ratings are not comprehensive. (We will add to them throughout the year.)

CU 2.0’s guides are not recommendations. They are not intended to diagnose problems or prescribe solutions (though they may help). Plus, every credit union’s needs are different, so we recommend a consultation before making any decisions. This guide is intended to provide context and options only!

checking share draft guide for credit unions