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2 months ago | 
cuinsight.com | Phil Seely |Kristen Jason |Kristi S Kelley |Libby Calderone
Technological innovation and consumer preferences are rapidly changing the payments landscape. Amid this evolution, the tried-and-true debit card continues to remain popular, making up thirty percent of payments in the USA (The Federal Reserve). Still, credit unions need to embrace both the challenges and opportunities of digital technology to ensure their debit card program continues to thrive in this dynamic environment. Digital wallets are reaching the zenith of their popularity.
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Apr 4, 2024 | 
cuinsight.com | Hilary Reed |Robbie Young |Phil Seely |Paul Robert
Since the turn of the 21st century, credit union marketers have grown increasingly adept at accumulating data and putting into proper context. That’s objectively good—a more informed communicator and storyteller makes for a more compelling one in the marketplace. Less common though is a credit union marketer who understands their own institution’s performance data.
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Apr 3, 2024 | 
cuinsight.com | Robbie Young |Phil Seely |Paul Robert
It takes the right legislation and regulations to ensure a safe and secure experience, but how does that apply to personal use applications such as Venmo, Cashapp, DoorDash, and buy now Pay Later services? Keeping fintech applications modern and competitive globally while maintaining that safety can feel like an uphill battle, and yet it’s an essential practice for fintech to survive in the states and overseas.
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Apr 3, 2024 | 
cuinsight.com | Shawn Temple |Robbie Young |Phil Seely |Paul Robert
It’s true! Your community bank or credit union vision is something meant to inspire each and every employee. It provides that crucial “why” someone needs to passionately perform their job. But far too often, a vision is just a series of rote words on a wall or website. It’s time to take your vision off the wall and put it in people’s hearts. Let’s look at the real impact of vision, how to create a good one and how to establish buy-in.
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Apr 3, 2024 | 
cuinsight.com | Anya Andrianova |Carter Johnson |Robbie Young |Phil Seely
A dollar gauge saw its biggest drop in nearly four weeks on Wednesday as price pressures in the US services industry eased and Federal Reserve Chair Jerome Powell said he wants to see inflation move sustainably to the US central bank’s 2% goal before starting to lower interest rates. The Bloomberg Dollar Spot Index fell as much as 0.4% on an intraday basis on Wednesday — the steepest decline since March 8 — with nearly all currencies from developed economies gaining against the greenback.
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Apr 3, 2024 | 
cuinsight.com | Sean Heck |Robbie Young |Phil Seely
Credit unions face unique challenges that require unique and innovative solutions, particularly when it comes to contract negotiations. The success of these negotiations hinges not only on securing favorable terms but also on managing these agreements efficiently throughout their contract lifecycle. This is where contract management software emerges as a pivotal tool.
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Apr 3, 2024 | 
cuinsight.com | Robbie Young |Phil Seely |Paul Robert
To thrive in today’s economy, financial institutions (FIs) must prioritize delivering personalized offers on the products and services that consumers need precisely when those services are needed. Unfortunately, many banks and credit unions house data about products, such as consumer and mortgage loans, in departmental silos, resulting in lost cross-sell opportunities. Operations such as these may also cause FIs to lose money and accountholders.
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Apr 3, 2024 | 
cuinsight.com | Lorie Konish |Robbie Young |Phil Seely |Paul Robert
The stock market could hit a milestone if the Dow Jones Industrial Average reaches 40,000. However, even as stocks have climbed higher, investors are worried there could be a pullback, financial advisors say. They’re not alone in those concerns. A recent CNBC survey of investment professionals found 61% think the market has run too far too fast and a market drop could be coming.
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Apr 3, 2024 | 
cuinsight.com | Robbie Young |Phil Seely |Paul Robert
Updated data from America’s Credit Unions’ Consumer Pulse Survey shows the credit union difference resonates with members, including those of key demographic groups, according to the latest Economic Update from America’s Credit Unions’ Mike Schenk. The Consumer Pulse Survey polled 2,500 consumers in February with questions centered on financial behaviors and outcomes, trustworthiness, and connections to the local community.
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Apr 3, 2024 | 
cuinsight.com | Robbie Young |Phil Seely |Paul Robert |Lynn Weirick
April marks an important observance: Financial Literacy Month. As credit unions, we recognize the critical role financial literacy plays in empowering individuals and communities to make informed financial decisions, fostering economic well-being and stability. Financial literacy is more than understanding how money works—it’s about learning how to manage financial resources effectively for financial security. It involves budgeting, investing, handling debt, and planning for the future.
