🆕 In the June edition of the 2024 Credit Union Innovation Readiness Index, a PYMNTS Intelligence and Velera collaboration, we examine how CUs can reap the benefits of digital innovation to gain members and reduce churn. ➡️ Read the article and download the report: https://bit.ly/3VnDJxZ #CreditUnions #DigitalInnovation #WeAreVelera
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Explore how credit unions of all sizes are adopting digital innovations to compete with traditional financial institutions! 💥💻 #CreditUnions #DigitalTransformation Dive deeper into this topic here: https://okt.to/Ws2mMy
How credit unions are playing David against industry Goliaths - CUInsight
cuinsight.com
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In case you missed it: Watch as Noelle Sargent and Laura Elmufdi explore how to access and utilize limitless data points to optimize your customer’s #credit journey and the value of enhancing it to its fullest potential! Watch now: https://lnkd.in/gJJh959Q #WeAreCGI #FinancialServices #CGIUS
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Building high impact BD teams, systems and processes that "move the needle" with measurable results.
CGI provides a single platform to manage the lifecycle of all your credit products. Watch this webinar to see how this can enable a superior customer experience, drive operational efficiencies, and support advanced analytics that can help you serve you clients more proactively with recommendations and advice across your entire portfolio. Also, see this link to learn more about CGI Credit Studio. https://lnkd.in/g_ssgmjc
In case you missed it: Watch as Noelle Sargent and Laura Elmufdi explore how to access and utilize limitless data points to optimize your customer’s #credit journey and the value of enhancing it to its fullest potential! Watch now: https://lnkd.in/gJJh959Q #WeAreCGI #FinancialServices #CGIUS
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"Change without continuity results in chaos, while continuity without changes results in conservatism." - Carsten Lund Pedersen, MIT Sloan Management Review Embracing the future through digital technology is essential, yet we must also appreciate the significance of physical locations in certain industries. Finding a balance between the physical and digital realms is key to success in credit unions.🏛️📲 Learn how to balance both physical and digital to ensure success in credit unions: https://bit.ly/3RDKLhd #creditunions #digitaltransformation #customerexperience
Balancing Physical and Digital: The Key to Credit Union Success
acftechnologies.com
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Let #OrlandoCreditUnion guide you toward being the leader of your financial future with #InvestmentOpportunities to help maximize your savings. Take advantage of our #13MonthTerm #CertificateOfDeposit at an annual percentage yield (APY) of 5.25% or secure our #6MonthTerm #CertificateofDeposit at an annual percentage yield (APY) of 5.25% when combined with an #OrlandoCreditUnionCreditCard. To learn more about #OrlandoCreditUnion's #CertificatesOfDeposit, click here: https://lnkd.in/euZm2E5d #investinginU #orlandocreditunion #certificateofdeposit #creditcard *APY=Annual Percentage Yield as of 12/12/23. Minimum opening deposit is $1,000. After the initial term, the certificate will automatically renew, earning the then current APY offered at the time of renewal. Rates subject to change without notice. Penalties apply for early withdrawals. Fees and penalties could reduce earnings. **Subject to credit union membership eligibility, credit approval and verification of information provided on your application. Other terms and conditions may apply. Terms and conditions are subject to change at any time without notice.
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Check out the newest BusinessPulse results, powered by Barlow Associates, which revealed that small businesses increased capital spending throughout the second quarter despite lower sales and profits https://lnkd.in/eYecUgcB Member FDIC #Americassmallbusinessbank #RIA #Financialadvisor #wealthplanning #wealthmanagement #cfp
Live Oak BusinessPulse | Analysis & Reporting by Live Oak Bank
info.liveoakbank.com
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Velera's CU Growth Outlook research study, completed in partnership with EY and Filene Research Institute, provides insights to guide credit unions on how to best keep up with the needs and demands of their members, while leaning into their differentiators to retain market share and remain competitive. In our latest blog, Carrie Stapp, SVP of Marketing, discusses the results of the 2024 study and explores why CUs must win the moments that matter in order to capture primary financial relationships. ➡️ Read the blog: https://bit.ly/3V2VkuU ➡️ Download the white paper: https://bit.ly/3ytfC9l #WeAreVelera #CUGrowthOutlook #CreditUnions
CU Growth Outlook: To Capture Primary Financial Relationships, Credit Unions Must Win the Moments That Matter
insights.co-opfs.org
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BNM issued the Exposure Draft on Product Transparency and Disclosure on 29th February. It covers both banking and insurance/takaful sectors. https://lnkd.in/gWQ93qme With financial consumers facing increasing diversity and complexity when acquiring financial products, this creates a need for improved transparency and disclosure to ensure they are able to make informed decisions. With the growing use of financial products and services, consumers require relevant, timely, reliable, and comparable information to choose products that best suit their financial needs. This Policy Document lays down minimum requirements for consistent and comprehensive transparency to enhance information disclosure on financial products offered by financial service providers. It outlines the timing and content for disclosing information on financial products to consumers. The objectives of this Policy Document are to: a) Raise awareness and understanding of financial products offered by FSPs b) Ensure consistency in disclosing essential information on financial products for comparison c) Minimize mis-selling of financial products and ensure that products sold are suitable for the needs and financial circumstances of consumers. d) Promote informed decision-making e) Help financial consumers safeguard their best interests.
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#Financial institutions (#FIs) are falling short of demonstrating value to and understanding the needs of #SmallBusinesses. By doing so, they miss out on opportunities to deepen relationships with this critical customer segment. This report by Christine Barry—commissioned by Apiture but independently authored by Datos Insights—highlights the steps FIs should take to better deliver and demonstrate value to small businesses.
Delivering Value to Small Businesses - Datos Insights
https://datos-insights.com
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Scale is a competitive advantage, especially in today's market. With M&A activity expected to rise in 2024, which will shake up the market, and the growing reliance on digital channels among members, credit unions must remain strategic about their technology and innovation plans. PSCU executive, Scott Young explores this and other trends in a recent PYMNTS article. In it, he encourages credit unions to map out their member journeys to examine where there is friction or pain points that can be solved through innovation. “If a credit union can innovate and grow organic product penetration while having those digital tools ready to attract net new members — that’s a recipe for sustainability. Now is not the time to slow down or stop the pursuit of innovation,” says Young. Check out the full article here: https://lnkd.in/g8EUDdNu #CreditUnions #Innovation
Credit Union Ranks Will Shrink in 2024 as M&A Drives Scale and Innovation
pymnts.com
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