Industry News

Technology and Innovation are the Key to Connecting Credit Unions with Young Buyers

Date27 Feb 2021

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Generation Z—the giant post millennial generation of young, savvy, tech-enabled consumers—is an increasingly attractive and necessary market for credit unions, according to a recent report from CUInsights. While the report focuses on technology like Tik Tok, most credit union experts believe that access to financial opportunities is even more important...

When rate is overrated – Webinar

Date10 Jan 2022

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Credit unions are in a unique position to dominate the most fertile market in lending, all while adding and serving the members they are built to benefit. Question: Would you ask your mortgage lending department to prepare a loan for a member buying a 200-unit apartment complex? Of course not....

When rate is over-rated

Date31 Aug 2021

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The top five car-buying decision factors that might surprise you. Two customers head to their local car dealership on a Saturday. Daniel wants an SUV and has a credit score of 820. He’s received multiple credit solicitations. Dealer financing is optional for him. On a scale of 1-5, where do...

Borrowers are Getting Nearly Every Loan at the Dealership. Here’s Why that Won’t Change.

Date16 Aug 2021

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Borrowers are Getting Nearly Every Loan at the Dealership. Here’s Why that Won’t Change The Good Old Days. Gas was cheaper. Unsolved Mysteries was the only reality show on TV. Twitter did not exist. And people actually went to their local credit union to get approval for a loan before...

Credit Union Expert Calls for Innovation that Will Help Solve Falling Yields

Date27 Feb 2021

Comments22656

With interest rates at historical lows—and likely to remain that way for the foreseeable future—credit union experts are calling for the adoption of innovation to offset falling yields. In this op-ed from Credit Union Times, author Scott Butterfield states the following: “The past year gave us all a lot to...

Coronavirus Broke Our Economy. Credit Unions Will Help Fix It.

Date26 Feb 2021

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It is already a cliché to refer to whatever post-coronavirus America will look like as the “new normal.” American life—especially in the short run—could be dramatically different. Even once officials lift stay-at-home orders, many Americans may be less likely to travel, eat out, or attend large gatherings. Habits established under...