Getting New Members On Board With a World-Class Onboarding Experience

By Preston Packer |

Apr

14

New members have high expectations from your credit union. In addition to the long-standing persona of excellent service, members are conditioned for faster, more frictionless experiences. And your ability to deliver begins with onboarding. Let's take a closer look at a few best-in-class ways credit unions can exceed the expectations of new members when it comes to onboarding.

Read More

4 Effective Methods to Cross-Sell at Your Credit Union

By Preston Packer |

Apr

12

The financial sphere is a competitive space for attracting consumers and maintaining a steady influx of revenue. However, the process of cross-selling is a practical way to advance your credit union and offer the best, most personalized services to your members. Cross-selling is a sales technique that is truly one of the most profitable ways to retain credit union members and grow your credit union.

Read More

4 Digital Solutions For the Evolving Payment Landscape

By Preston Packer |

Mar

29

In a not-so-distant past, digital payments revolutionized commerce. Today, however, commerce is poised to revolutionize the way money is moved. From manual and paper-based, payments are speeding toward automation, paperless, cloud-based solutions to simplify the buying and selling process.

Read More

How Credit Unions Can Embrace Innovation On a Budget

By Preston Packer |

Mar

10

When it comes to banking and financial products, the average consumer has no shortage of options. From large national and community banks to credit unions (CUs) and emerging fintech firms, everyone is vying for the attention and dollars of your current members.

Read More

Innovative Credit Union Payment Trends to Watch in 2022 - Part 1

By Preston Packer |

Mar

01

The world of payments is on a fast-paced roller coaster to an all-digital destination. The already speeding locomotive received a jolt of energy via COVID-19, which further increased the demand for digital, online, contactless, frictionless, and speedier payments. While most generations show an interest in digital payments, it comes as no surprise that the largest push is being generated from the rear.

Read More

Does Your Credit Union Tech Move the Right Metrics in the Right Direction?

By Preston Packer |

Feb

23

The current success of your credit union is directly related to your credit union's core technology. Few scenarios have made that clearer than the COVID-19 pandemic. Specifically, credit unions with the right core technology were able to quickly adjust, go digital, and deliver the solutions required to meet member needs.

Read More

Create a Better Member Experience: Open Banking APIs

By Preston Packer |

Feb

09

Whether it's a credit union, community bank, or national bank, open banking has transformed how people perform financial transactions. Highlighted by innovative and integrated apps, open banking is made possible through application programming interfaces (APIs). In the most simple sense, an API is a software intermediary that allows two different applications—such as your credit union core processing system and a third-party app—to seamlessly communicate.

Read More

Why Open Banking APIs Are Essential For Credit Unions

By Preston Packer |

Feb

04

Though face-to-face interactions have always been more personal, credit union members today are leaning more towards digital interactions. Whether it's due to the pandemic or advances in technology, there is no one clear-cut cause. But it's the reality credit unions need to face and accept. For example, a recent study showed that between December 2020 and May 2021, 95% of Gen Z used mobile banking. And according to the Credit Union Journal, "70% of likely bank account applicants would prefer to submit a digital application." So whatever type of banking a credit union member is interested in, it's important for them to be able to conduct their business online if they so desire. Application programming interfaces (APIs) can help make that possible.

Read More

The Future is Now: Improve Your Credit Union at the Core

By Preston Packer |

Feb

01

In the fast-paced world of banking, you can either change or get left behind. And far too often, credit unions have defaulted to the latter by failing to embrace the rapid pace of technological change. Instead, many credit unions have attempted to remain competitive by delivering world-class member service and valuable relationship-based banking.

Read More

The Impact of New Technology for Credit Unions

By Preston Packer |

Jan

26

In today's digital age, virtually all credit unions face one glaring concern: how to maintain the valuable face-to-face relationship-based banking that members have come to expect while offering the cutting-edge digital tools younger members demand. In addition to finding the right mix, the capital investment required to make this transition has often helped justify kicking the proverbial can down the road. That was until COVID-19 escalated digital transformation from a nice-to-have into a must-have. Fortunately, Eastern Utah Community Credit Union (EUCCU) already had the plans and groundwork in place to seamlessly make the transition. 

Read More

Recent Posts

Posts by Topic

see all topics
FLEX will improve your system efficiency.