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Oct 30, 2024 | 
cumanagement.com | Jack Henry |Vinod Muthukrishnan |Lena Giakoumopoulos
Discover how the latest advancements in technology are transforming the financial services landscape. This video explores how banks and credit unions are leveraging modernized tech stacks and data strategies to provide seamless, real-time insights for their customers.
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Dec 5, 2023 | 
cuinsight.com | Jeff Mortenson |Rob Craig |Lauren Culp |Lena Giakoumopoulos
Two years ago, delinquency rates on loans in the U.S. were the lowest they’d ever been. Financial stimulus packages, student loan deferments, and suppressed spending provided plenty of budgetary breathing room for households nationwide. It seemed easier for your members to prioritize their financial obligations. They were holding onto money like never before and their financial cushions were lined with savings.
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Dec 5, 2023 | 
cuinsight.com | Rob Craig |Lauren Culp |Lena Giakoumopoulos |Courtney Bravo
Credit unions strive to provide exceptional services to their members, whether it’s home loans, auto loans, or personal lines of credit. The efficiency and streamlining of processes play a crucial role in enhancing the overall member experience, be it in-branch or digitally. While credit unions may utilize an origination solution, many are not specifically tailored to small business lending.
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Dec 4, 2023 | 
cuinsight.com | Lauren Culp |Lena Giakoumopoulos |Courtney Bravo |Matt Wolf
Chartway Credit Union President/CEO Brian Schools, who will chair the transition board of America’s Credit Unions, wrote that credit unions are the best friend a consumer can have when it comes to securing a financial future. Writing in The Virginian-Pilot, Schools said credit unions exist to make member dreams and goals a reality.
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Dec 4, 2023 | 
cuinsight.com | Lauren Culp |Lena Giakoumopoulos |Courtney Bravo |Matt Wolf
The House Friday passed a Congressional Review Act (CRA) resolution with bipartisan support to block the CFPB’s rule that would require credit unions and banks to collect demographic data on small businesses that apply for loans, implementing Section 1071 of the Dodd-Frank Act. CUNA President and CEO Jim Nussle and NAFCU President and CEO Dan Berger wrote to House leadership ahead of the vote, urging the chamber to pass a joint resolution; the Senate in October passed the resolution.
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Dec 4, 2023 | 
cuinsight.com | Keith Kasmire |Lauren Culp |Lena Giakoumopoulos
Why go to a restaurant when you can easily order delivery? Why see a live show, drive a convertible or choose the scenic route? Because experience makes a difference, rapid changes in what consumers expect mean that credit unions must reimagine their member relationships, retool their delivery channels and refine their brands to keep up with what members want, experts say.
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Dec 4, 2023 | 
cuinsight.com | Chip Filson |Lauren Culp |Lena Giakoumopoulos |Courtney Bravo
In talking with a retired CEO who still follows credit union events, I asked how his perspective had changed. “I don’t feel the intensity or nuances from the grind of the day to day. . . or the tactical lust for short-term passions.”Without an organization’s boundaries, the retiree tends to be more observant of general trends. An example of this capability is John Tippets, who retired as CEO of American Airlines FCU in the first decade of this century.
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Dec 4, 2023 | 
cuinsight.com | Sean Lyngaas |Lauren Culp |Lena Giakoumopoulos |Courtney Bravo
About 60 credit unions in the US are experiencing outages because of a ransomware attack on an IT provider the credit unions use, a federal agency said Friday. The National Credit Union Administration (NCUA), the agency that insures deposits at federally insured credit unions, said in a statement to CNN that it was “coordinating with affected credit unions” in the wake of the hack. The full extent of the outage and its impact on credit unions was unclear Friday evening.
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Dec 4, 2023 | 
cuinsight.com | Rich Jones |Lauren Culp |Lena Giakoumopoulos |Courtney Bravo
Procrastination is a common challenge that affects people at all levels of leadership. Overcoming procrastination is crucial to achieving maximum productivity, meeting deadlines, getting the important things done, not just the urgent things, and executing strategic success. When I asked ChatGPT to tell me how to “cure” procrastination, its response was no surprise. ChatGPT provided these answers:Set clear goals and priorities. Understand root causes. Break down tasks into manageable steps.
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Dec 4, 2023 | 
cuinsight.com | Lauren Culp |Lena Giakoumopoulos |Courtney Bravo |Matt Wolf
Credit unions need to take notice and accelerate the introduction of new digital services their members want and need. Per Co-op’s latest research, CU members have on average three times the number of financial relationships as non-members. Members have grown used to toggling among multiple digital apps to access various aspects of their financial lives and will do so if necessary. But they prefer a one-stop shop.
