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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Inside the Credit Union Core Conversion Process

By Preston Packer |

Jan

17

Whenever it is determined that the time is right for a credit union core processor change, it's always a fairly malleable and intricate process. After all, you're talking about the technological foundation upon which your very organization has been built. How you provide newer and innovative services to your members. How you build and maintain ongoing relationships with those members. This is very much a situation where you don't want to leave anything to chance.

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A Credit Union's Core: Less is Truly More

By Preston Packer |

Jan

12

As is true with any type of digital transformation, converting from an older core platform to a new one can often seem like an uphill battle for your credit union. But not only is it necessary, but in some situations, it is explicitly so--like if you're currently working with two or more disparate platforms that make the lives of your employees and members needlessly difficult on a daily basis.

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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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The Key to Growth is Through an Efficiency-Focused Mindset

By Preston Packer |

Jan

04

If you asked 100 different people what it took to effectively grow a credit union, you'd probably get 100 different answers. Some would say that boosting membership was the key. Others might emphasize cross-selling or up-selling services. There are those who might focus on building a better marketing strategy. While all of these things are certainly valuable, they pale in comparison to what may be the most important objective of all: Increasing efficiency as much as possible.

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Core Elements That Contribute to Credit Union Asset Growth

By Preston Packer |

Dec

28

Regardless of the organization you're talking about, all credit unions operate with the same basic goal in mind: to serve their members. To do this as effectively as possible, they have to keep growing and establish a strong foothold in their community.

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Simplifying Digital Account Opening as a Growth Tool for Credit Unions

By Preston Packer |

Dec

22

One of the most fundamental methods to keep your credit union thriving is by continuing to onboard new members. Keeping existing members happy is crucial too, but growth will surely happen through a simplified digital account opening process.

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Building a Proper Credit Union Growth Mindset One Step at a Time

By Preston Packer |

Dec

20

Long-term growth is a priority for any credit union. Yet at the same time, many organizational leaders are not sure what components to consider when planning and executing a growth strategy.

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