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May 3, 2024 | 
cuinsight.com | Lesley Sears |Kristi Meyer Brooks |Jennifer Berry |John DeLuccia
Ask Google for the “top business books of all time” and you’ll get some great titles: The Hard Thing About Hard Things by Ben Horowitz, Start with Why by Simon Sinek, Good to Great by Jim Collins and many others. While a lot of good has come to people and organizations who’ve read these books and applied the authors’ ideas, there’s a problem with leading only with the advice of the latest best-sellers, excellent as they may be.
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May 3, 2024 | 
cuinsight.com | Kristi Meyer Brooks |Jennifer Berry |John DeLuccia |Caroline Willard
According to recent reports, in the United States have $1,000 or less in their savings accounts, and 28% of Americans have no money saved for retirement. While alarming, it’s not surprising when you look at inflation, high housing costs, and the financial literacy crisis. In recent years, financial literacy has become a critical topic, impacting the financial well-being of individuals and families. However, the numbers tell a concerning story.
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May 2, 2024 | 
cuinsight.com | Daniel Bradshaw |Jennifer Berry |John DeLuccia |Caroline Willard
It’s a magical moment when you’re sitting in a theater waiting for a show to begin. The curtains rise, the lights shine brightly and you’re about to enter a completely different world. Nobody feels that same anticipation about discussing an auto loan, but there are still branding lessons community financial institutions can learn from the stage. Think about the first time you walked into a theater. The set, the lighting and even the welcome you received set the mood right away.
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May 2, 2024 | 
cuinsight.com | Jennifer Berry |John DeLuccia |Caroline Willard |Mark Axmacher
AI is top of mind for most financial services organizations, but the question of, ‘where to begin?’ remains. Upstart’s new AI in Financial Services Professional Certification course is designed to give banking professionals a firm grounding for the potential of AI in financial services —with a particular focus on credit—as well as practical tools to help them begin the journey of applying AI inside their organizations.
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May 2, 2024 | 
cuinsight.com | Emily Claus |Jennifer Berry |John DeLuccia |Caroline Willard
In today’s economic climate, the need for financial stability has never been more dire, yet simultaneously has never felt more unattainable. Affordable housing is nearly impossible to find, the cost of groceries is astronomical—rising more than 21% in the last three years (and is expected to continue to climb)—and American credit card balances are setting records.
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May 2, 2024 | 
cuinsight.com | Celia Shatzman |Jennifer Berry |John DeLuccia
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 2, 2024 | 
cuinsight.com | Jennifer Sor |Jennifer Berry |John DeLuccia |Caroline Willard
Americans aren’t having nearly as many kids as they used to, but that won’t be the blow to the US economy that many have feared, according to Fisher Investments. In a recent note, the investment advisory firm pointed to falling birthrates around the world, with the US rate falling to a multidecade-low last year. The nation saw the fewest number of babies born since 1979, according to provisional data from the Centers for Disease Control.
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May 2, 2024 | 
cuinsight.com | David Baumann |Jennifer Berry |John DeLuccia |Caroline Willard
Even if a Biden Administration plan to reschedule marijuana under the Controlled Substances Act goes into effect, enactment of marijuana banking legislation is still essential, Greg Mesack, senior vice president of advocacy at America’s Credit Unions said Wednesday. “Marijuana banking legislation is still critical to provide safe access to financial services for the many marijuana dispensaries and marijuana related businesses across the country,” Mesack said.
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May 2, 2024 | 
cuinsight.com | Jennifer Berry |John DeLuccia |Caroline Willard |Mark Axmacher
America’s Credit Unions President/CEO Jim Nussle detailed the credit union perspective on the topic of mergers in conjunction with Wednesday’s House Financial Services Subcommittee hearing to discuss merger policies of the federal banking agencies. “We have unfortunately seen the negative effects of mergers that reduce choice, reduce competition, and impair the consumer experience,” wrote Nussle.
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May 2, 2024 | 
cuinsight.com | Jennifer Berry |John DeLuccia |Caroline Willard |Mark Axmacher
The core processor is one of the most important products a credit union implements. It houses all member data and drives every other integrated product and service. But, because core processors are so powerful and complex, it can be difficult for credit union staff to stay up to date on all the features and functionality and to know how to best leverage their core to gain their maximum return on investment.
