What Credit Unions Need to Know About Digital Account Opening in 2023

By Preston Packer |

Mar

07

Savvy credit union leaders understand that there have been a few key drivers of both deposits and loan growth in recent years. Better marketing campaigns that effectively target younger members are one of them, as have been more aggressive offers that people just can't help but say "no" to.

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Three Top Tech Priorities for Credit Unions in 2023

By Preston Packer |

Mar

01

In many ways, credit unions in particular are faced with an invaluable opportunity to reassess their core processor needs and their larger digital efforts, doubling down on those areas and initiatives that will have the biggest positive impact on not only members but on the communities that they have become an invaluable part of.

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Driving Credit Union Growth By Empowering Technology: An Overview

By Preston Packer |

Feb

16

Technology is and always will be one of the prime aspects to focus on in order to enable growth for your credit union. It helps simplify operations, reduce costs, increase efficiency, and so much more. All it takes is one look at the benefits gained from empowering technology to understand why a well-executed plan for digital transformation is a step to take with your own organization.

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Enabling Credit Union Growth Through Efficiency

By Preston Packer |

Feb

07

The past two years have seen strong credit union industry growth, which has been attributed to pent-up demand, in what has been called a rebounding economy. NCUA reported loan growth of 14.7 percent, membership growth of 8.1 percent, and net worth increasing at 13.9 percent in Q1 2021. This was met by digital transformation initiatives across many credit unions in an effort to meet member expectations in a transitioning consumer economy. Changes in card technologies, enhancements to digital wallet capabilities, and an evolving payments landscape have driven focus and investment over this time and heading into 2023.

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3 Best Practices for Maximizing a New Credit Union Core Platform

By Preston Packer |

Feb

02

Adopting a new core processing platform for your credit union is nothing if not an investment--and it's one that deserves to be protected. In many ways, it's the foundation upon which the future success of your organization will be built--both for your members and your employees. But you can't get to that point if you don't take a few important steps in the short term in order to guarantee success over the long haul.

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Every Credit Union Has Different Core Processing Needs

By Preston Packer |

Jan

31

A credit union core processor refers to all the back-end IT systems that help to not only allow a credit union to function but also continuously process all the financial activity within that environment as well. To put it another way, it is the heart of the entire credit union and is an asset of fundamental importance.

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The Technological Foundation That Modern Credit Unions Are Built On

By Preston Packer |

Jan

26

If you had to make a list of all the qualities that are essential to the success of a modern credit union, its technology stack would undoubtedly be right at the top.

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The Qualities Shared By Top Credit Union Core Processor Providers

By Preston Packer |

Jan

24

By taking a close look at the top core providers for credit unions, it becomes clear what many of them have in common. It also helps underline important trends about the industry in general that can be used as inspiration for your credit union's own success in the future.

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Where are Credit Union Core Processors Headed in 2023?

By Preston Packer |

Jan

20

A recent study indicated that in the first half of 2022, total income for federally insured credit unions reached an enormous $18 billion. While the sector has certainly experienced its ups and downs as a result of major shifts brought on by the COVID-19 pandemic, it can also be said that credit unions are becoming a top choice for consumers over traditional financial institutions with no signs of slowing down anytime soon.

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5 Core-Switch Best Practices for Credit Unions

By Preston Packer |

Jan

10

In the fast-paced, tech-driven world that we're currently living in, the core system truly is at the heart of any credit union. Not only is it this bedrock of technology that allows employees to better communicate and collaborate with one another, but it also helps to facilitate the most important goal of all: bringing newer, better, and more forward-thinking services to members everywhere.

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