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Jan 10, 2025 | 
cuinsight.com | Chad Davis |ARIS JERAHIAN |Shawn Melamed |Steve Boylan
The integration of Artificial Intelligence (AI) is fundamentally altering the landscape of financial services. According to the State of Application Strategy report: Financial Services edition, over 80% of organizations within this sector have already integrated AI into their systems. This extensive adoption is not surprising given AI's potential.
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Jan 10, 2025 | 
cuinsight.com | ARIS JERAHIAN |Kristen Jason |Kristi S Kelley |Brian Lee
The credit union industry is undergoing a technological evolution that promises to reshape the entire industry. Digital transformation and artificial intelligence were the talk of the town, with every leader looking for ways to improve operational efficiency and enhance member value.
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Nov 6, 2024 | 
cuinsight.com | ARIS JERAHIAN
Some might argue that “The Jetsons” cartoon was our first view of the future. George Jetson commutes to work in a flying car, navigating effortlessly through cities and traffic, with virtual environments that enhance connection and collaboration no matter the location, and smart homes and appliances, where autonomous systems handle routine tasks and improve decision-making. Whichever version of the future you visualize, money is one common thread that runs throughout all of them.
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Aug 6, 2024 | 
cuinsight.com | ARIS JERAHIAN
The banking industry faces an ongoing challenge to combat fraud in the digital age. With their extensive customer networks and technological capabilities, credit unions represent prime targets for opportunistic actors seeking to exploit vulnerabilities in online banking systems. According to the Federal Trade Commission1, nationwide fraud losses topped $10 billion in 2023, marking a 14% increase over the previous year.
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May 14, 2024 | 
cuinsight.com | ARIS JERAHIAN
Rapid technological advancements have significantly disrupted the Credit Union (CU) industry. While this disruption may initially be perceived as a challenge, it is essential to shift our perspective and view it as an opportunity for growth. One such disruptive force that holds immense potential for the industry is artificial intelligence (AI). Credit unions can propel themselves forward by embracing AI and reframing disruption, fostering innovation, growth, and progress.
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Feb 8, 2024 | 
cuinsight.com | Lucia Mutikani |John Pettit |Joman Kwong |ARIS JERAHIAN
The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to underlying labor market strength despite a recent surge in announced layoffs, mostly in the technology industry. The report from the Labor Department on Thursday also showed unemployment rolls shrinking a bit in late January after swelling to a two-month high earlier.
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Feb 8, 2024 | 
cuinsight.com | John Pettit |Joman Kwong |ARIS JERAHIAN |Mark Arnold
Consumer credit outstanding topped a record-breaking $5 trillion in November of 2023, putting growth at a 5.7% annual rate—the biggest gain since November 2022. Nonrevolving credit, including auto loans, increased at a 1.5% rate. To keep pace with the quickly evolving landscape, credit unions, community banks, and regional banks may feel like they’re doing a tightrope walk.
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Feb 8, 2024 | 
cuinsight.com | Brittany Holmes |John Pettit |Joman Kwong |ARIS JERAHIAN
As organizations rely on cloud-based technologies for their operations, Microsoft 365 (M365) has become popular for its integrated suite of productivity and collaboration tools. M365 offers built-in security features that aim to protect organizations from various cybersecurity threats. However, in today’s complex threat landscape, relying only on the built-in security of M365 may not be enough.
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Feb 8, 2024 | 
cuinsight.com | David Baumann |John Pettit |Joman Kwong |ARIS JERAHIAN
Two months after the Treasury Department released a new Community Development Financial Institutions Fund certification application, department officials still have not provided prospective CDFIs with crucial information, America’s Credit Unions President/CEO Jim Nussle told members of Congress this week.
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Feb 8, 2024 | 
cuinsight.com | John Pettit |Joman Kwong |ARIS JERAHIAN |Mark Arnold
America’s Credit Unions President/CEO Jim Nussle met with several credit union supporters on Capitol Hill Wednesday, including Reps. Scott Fitzgerald, R-Wis., and Brian Fitzpatrick, R-Pa. Both members have introduced credit union supported legislation this year. Fitzgerald, along with Reps. Juan Vargas, D-Calif., Young Kim, R-Calif., and Brad Sherman, D-Calif., introduced the Expanding Access to Lending Options Act (H.R. 6933) in January.
