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May 1, 2024 | 
cumanagement.com | Paul Bouvier |Jimese Harkley |Dee Sicklesteel
6 minutes If credit unions want to compete with digital banks, they need to provide an easy and elegant experience. At the top of credit unions’ new system replacement list for the fifth straight year? Digital account origination systems, according to Cornerstone Advisors’ 2024 “What’s Going On In Banking” report. Why?
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May 1, 2024 | 
cumanagement.com | Paul Bouvier |Jimese Harkley |Dee Sicklesteel
3 minutes Expert shares how credit unions can use AI to improve operations. It wasn’t too long ago that artificial intelligence seemed like technology of the distant future. AI was for science fiction tales and movies set in the next millennium. But now AI is everywhere—even at your local credit union. And that’s a good thing for credit unions and their members. That’s because AI can drive growth, improve the employee experience and enhance member service.
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May 1, 2024 | 
cumanagement.com | Paul Bouvier |Jimese Harkley |Dee Sicklesteel
2 minutes From the Editor This month, we’re bringing you an in-depth resource about company culture.
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Apr 10, 2024 | 
cuinsight.com | Eric Marcus |Matt Saefkow |Jimese Harkley |Asha Connors
The “Great Resignation” may be over, but the talent gap in the credit union industry persists. While there may be a larger pool of applicants, finding the right fit with the specific skills and experience your credit union needs remains a challenge. Traditional hiring can be time-consuming and expensive, especially for niche tech positions. Recruiting top tech talent often requires offering competitive salaries and benefits, which can strain credit union budgets.
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Apr 10, 2024 | 
cuinsight.com | Eric Marcus |Matt Saefkow |Jimese Harkley |Paul Kundert
Loan portfolio management requires a keen understanding of various factors that impact returns. Yet far too often, credit union boards and decision-makers focus primarily on only one element: charge-offs. While loan losses are certainly important, another critical, but often underestimated element that can have as much, if not more, of an impact on returns is prepayments.
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Apr 9, 2024 | 
cuinsight.com | Matt Saefkow |Jimese Harkley |Paul Kundert |Lauren Culp
It takes hard work and practice to be financially fit. A professional baseball player attends spring training to prepare for the long season ahead. And there are things you can do this time of year to prepare financially for the year ahead. A good goal is exciting and can make your life better. Financially speaking, maybe it’s to buy a house, pay for school, or retire early. Or something as simple as embarking on your dream vacation.
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Apr 9, 2024 | 
cuinsight.com | Matt Saefkow |Jimese Harkley |Paul Kundert |Lauren Culp
Let’s talk regulatory compliance. Governing bodies are cracking down on ancillary product refunds and more. Allied’s Peter Krall joins us to dissect the regulations and discuss how financial institutions can keep their borrowers protected. In this episode…[:27] Meet Peter Krall[4:20] What is Product Refund Liability? continue reading »
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Apr 9, 2024 | 
cuinsight.com | Vic Pantea |Matt Saefkow |Jimese Harkley |Paul Kundert
If your credit union is federally insured, have you been paying attention to recent statements coming from NCUA Chairman Harper? The February board meeting included a report on the 2023 year-end financials for the NCUSIF and a very healthy report it was. Total assets now exceed $21 B. The really good news was that there were only three credit union failures that resulted in losses to the fund of $1.4 M.
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Apr 9, 2024 | 
cuinsight.com | David Baumann |Matt Saefkow |Jimese Harkley |Paul Kundert
Senate Majority Leader Charles Schumer, D-N.Y., said on Friday that he wants the Senate to tackle marijuana banking legislation during the next few months.
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Apr 9, 2024 | 
cuinsight.com | Justin Estes |Matt Saefkow |Jimese Harkley |Paul Kundert
In today’s rapidly evolving commercial banking landscape, community banks and credit unions face many challenges and opportunities as they strive to meet their business clients’ changing needs and expectations. To shed light on the latest trends and strategies for success, The Financial Brand’s Jim Marous was joined by two industry experts from Alkami Technology on the Banking Transformed podcast: Jacob Leick, director of product management and Mandy Lopez, lead product manager.
