Innovative Digital Payment Solutions for Credit Union Members

By Preston Packer |

Apr

04

A critical thing to understand about modern-day credit union members is that they want more options, not fewer. If they want to be pigeonholed into a cold, personal experience with a narrow focus that technically meets their needs but not in any particularly satisfying way, they'll do business with one of the larger, national banks. Instead, they want more flexibility and versatility than ever and credit unions (CUs) need to rise to that challenge.

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Unlock the Benefits of Digital Account Opening For Credit Unions

By Preston Packer |

Mar

30

These days, modern credit union (CU) members expect more from the financial  institutions they choose to bank with. They began a relationship with your CU because they were looking for a personalized level of care and attention to detail that they weren't able to find with larger banks. They'll maintain that relationship if your credit union proves committed to the idea of making members' lives easier and more convenient in any way that you can moving forward.

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Digital Account Opening for Credit Unions: The Future is Now

By Preston Packer |

Mar

28

In a lot of ways, the success of credit unions over the years can be attributed to their natural emphasis on innovation--particularly when compared to larger financial institutions.

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The Role of Identity Verification in Digital Account Opening

By Preston Packer |

Mar

23

Regardless of how you look at it, enabling digital account opening for credit unions brings with it a number of distinct benefits, all at the exact same time. For starters, it creates a more satisfying experience for members--particularly those who are a part of the younger generations. These people want to bank wherever they want, whenever they want, and however they want. They increasingly use smartphones and other mobile devices to do it and digital account openings are a natural part of that.

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How to Combat Digital Account Opening Fraud

By Preston Packer |

Mar

21

Offering forward-thinking services like digital new account openings is a great way to improve your credit union's conversion rates, empower the user experience, and attract the attention of a younger and technologically savvy group of potential members--all at the exact same time.

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5 Tips to Improve Digital New Account Processes for Credit Unions

By Preston Packer |

Mar

16

The process of opening a new account digitally is a critical part of any credit union's success. It serves as the gateway to an array of features and benefits, and a successful experience can increase member satisfaction, boost loyalty, and set the foundation for positive long-term relationships. As such, it is vital for credit unions to optimize their digital new account opening processes to ensure they remain up to date with changing technology and member preferences, continually offering the best possible experience.

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Optimizing Credit Union Digital Account Openings

By Preston Packer |

Mar

14

At this point, there are a lot of credit unions that offer digital services like digital account opening. Therefore, if you truly want to stand out in a crowd, your credit union needs to go above and beyond merely what is expected of you.

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How Digital Account Opening Can Help Your Credit Union Thrive

By Preston Packer |

Mar

09

For decades, credit unions have been seen as invaluable contributors to the communities they operate in. This is especially true when compared to the stale, impersonal experiences that are often offered to those that bank with larger financial institutions.

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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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Time to Upgrade With Digital New Account Opening

By Preston Packer |

Mar

04

Although it may sound unbelievable, a recent study revealed a frightening prediction: up to 80% of financial institutions could disappear by the end of the decade. That is unless they can find a way to use technology to innovate their operations, bringing them more in line with the expectations of modern audiences. Note that this number includes not only big banks but credit unions as well. Nobody is immune to the ever-evolving digital world that we are now a part of.

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