Lending Arts, Member Relief, and Credit Union Auto Refinancing
The numbers keep rolling in. US auto loan debt continues to reach new highs. At our current trajectory, consumers will owe $1.5t—yes, trillion—in auto loans. Not the best time for these gas prices, eh?
Questions to Ask Data Analytics Providers (for Credit Unions)
There are many different uses for data analytics at credit unions. And, it seems, there are as many data analytics providers as there are uses. We believe this is a good thing. However, we understand that the plethora of vendors can make it hard to find the right one. Moreover, even reviewing our data analytics […]
Nuance in the Credit Union Industry
At CU 2.0, we look at a lot of different fintechs. It’s our “thing,” so to speak. Often, this means that we’re looking at organizations that aren’t household names—startups, bespoke solutions, newer CUSOs, and companies that are testing the credit union waters.
Growing Your Direct Auto Loan Portfolio with Loanify
How many direct auto loans do you preapprove for members? Yet, how many end up with dealer financing? Dealer financing is rarely the member’s best option. Financing is where the profit is, and you don’t want to lose it to used car dealerships. So, let’s dig into a new CUSO, Loanify, to see how they […]
Improving Credit Unions Rewards Programs
Like most Americans, I use rewards cards almost exclusively. Whether cash back, travel perks, or discounts at national and local businesses, I some of the money I spend to come right back to me.
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 […]
AI Case Study: QCash
This is an excerpt from FinAncIal: Helping Financial Executives Prepare for an Artificial World. Grab 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 […]
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.
A History of Innovation: Xpress Data, Inc. (XDI)
Fintech Friday posts usually go something like this: Something doesn’t work as well as it could. Until now, there’s been no way around it. But this fintech promises to change all that!
Modernizing the Borrower Experience with Nonbank Mortgage Servicers like Valon
My partner and I would like to buy a house. We’re both Millennials in our 30s and we make enough money to dream about buying a home sometime soon. The problem is that a small fixer-upper where we live costs well over $300k.