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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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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Key Strategies for Expanding Your Credit Union

By Preston Packer |

Dec

08

A successful credit union is one that steadily grows based on good member acquisition and retention practices. Not only will achieving this help your credit union expand it will also help weather economic downturns by having a strongly-developed membership base that supports your services.

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4 Key Benefits of Increasing Efficiency in Credit Unions

By Preston Packer |

Nov

24

When it comes to operating a modern-day credit union, one critical idea to understand is that any investment in technology that reduces costs needs to simplify efficiency at the exact same time. Not only is this crucial for keeping up with an ever-changing marketplace, but it also assists with long-term stability as well.

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How Technology Can Positively Impact Credit Union Efficiency

By Preston Packer |

Nov

22

The modern banking landscape continues to move ever deeper towards mobile banking apps, purely digital financial services, and frictionless services that require less physical presence by customers. The pandemic put even more focus than before on delivering access to financial services of all kinds without obligating an in-person visit.

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