Investment Accounts for Kids: Where Credit Unions Fit In

Don’t work at a credit union, but like what you see? Head to UNest to open an investment account for your kids today!

Most of my friends and I are so close to 40 that it looks blurry now. Most of us have kids (I don’t) and multiple app-based investment accounts (I do). Naturally, there’s a growing demand in this demographic for investment apps for kids.

Credit unions, take note!

Offering app-based financial wellness and investing accounts for kids is a member need… in a market segment credit unions typically fail to attract (Millennials and older Gen Zers).

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AI Case Study: QCash

This is an excerpt from FinAncIal: Helping Financial Executives Prepare for an Artificial WorldGrab your copy here!

This case study covers the leading player in AI-based small-dollar lending for credit unions, QCash.

Stay tuned to the CU 2.0 blog while we feature more excerpts from our financial guide to AI!

Purveyors of short‑term credit and small‑dollar loans have gotten an understandably bad rap in the last couple decades. And it makes sense—before regulations, some interest rates on these loans went as high as 1,000%. Even today, short‑term loan interest rates climb over 600% in some states. In many ways, the reputation that short‑term credit earned was, well, earned. But it doesn’t have to be that way. And frankly, it shouldn’t be.

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Could This Be the End to Credit Union Fees?

Like our Fintech Friday series? Check out the Fintech Spring Meetup! Credit Unions join free with code CUHOST!

Sure, fee income is great for increasing non-interest income. But ironically, that revenue comes at a cost. Or, a few costs, actually.

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Growing Your Direct Auto Loan Portfolio with Loanify

How many direct auto loans do you preapprove for members? Aaaaand how many of those members end up with dealer financing?

Dealer financing won’t be terribly advantageous to the member. Any former car salesman will tell you that financing is where they really make their money. And it’s also where you lose it!

So, let’s dig into a new CUSO, Loanify, to see how they help credit unions grow their loan portfolios… and help members get better deals on their cars.

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