Clutch’s Post

"Credit unions are fighting not just for deposits and loans but just to be known as a financial services option among younger people, Scott Young, managing vice president of emerging services at credit union service organization PSCU, tells Aerial View. Younger generations are digital natives used to doing almost everything on their phones, and they want to execute transactions whenever it’s convenient for them, he says." - Macro. Watch the video: https://bit.ly/465Oyb6. #DelinquencyManagement #FinancialInstitutions

Have you ever heard of a credit union without a core processing system? If you said no, you’re absolutely right! A core processing system is a requirement for the daily operations of a financial institution like yours. That's why, in an effort to offer a core solution that is state-of-the-art and meets the varied needs of our credit unions, MY CU Services has partnered up with CU*Answers, a credit union cooperative just like us! Together, we have an incredibly robust data processing system called CU*BASE. The CU*BASE core suite is used by more than 350 credit unions across the country that range in asset size from under $1 million to more than $1 billion and includes a cutting-edge online and mobile toolset for your members! We’re proud to offer this solution as a completely turnkey system, but also with the flexibility each credit union needs to achieve their business goals. And since it’s a solution brought to you by credit union cooperatives, you can count on both a powerful core system and unrivaled support from our core team. Pretty great, right? Learn more on our website: https://lnkd.in/eCpeC_f #creditunions #coreprocessing #core CUaxis 

“Adapting to ever-changing member behaviors and technological advancements will only help credit unions achieve their deposit growth goal, contribute to the financial well-being of their members, and make a positive impact on their communities. That is why so many credit unions and other community financial institutions are prioritizing platforms like Spiral to increase their deposit growth and win the battle for younger members.” Read more in the article published by CreditUnions.com, The Buzz Explained: How Credit Unions Are Set To Triple Deposits In 2024 👉 bit.ly/cu-deposits #CreditUnions #CommunityImpact #FinancialWellness

[INTERESTING ARTICLE] The Path to Digitization for CUs to Retain Member-Driven Ethos "...As the financial services industry has embraced technology and digitization, a perception has emerged among consumers that credit unions are lagging behind. As much as credit union members appreciate the personal touch, they also want the services and tools that conform to their digital-first lifestyles, as evidenced by recent research from Forbes suggesting that more than three-quarters of Americans prefer to do their banking digitally. [...] Today, only 14% of people between the ages of 25 and 34 are members of credit unions, despite the benefits offered as compared to traditional banks..." #digitalbanking #digitization #creditunions #personalization #digitalfirst Anshul Verma Credit Union Times Mambu Leslie Poole _____________________________________________________ If you want to immediately see new content that I post 👉🏻 Ring my bell (🔔) and follow #informationbanker or if you want to get the posts that got noticed in my weekly What’d I miss newsletter, subscribe here: "https://lnkd.in/d5_KvWwu"

Every new account, paycheck, transaction, and payment marks a significant moment in someone's life. They're more than just account holders—they're real people with real stories. This "To My Jelly Bean" video is a heartfelt tribute to the bankers and credit union teams dedicated to changing lives and supporting their communities. #CommunityBanking #CreditUnions #CustomerService #FinancialMilestones #AllOfLifesMoments - https://lnkd.in/edanEDN9

Prepare your credit union for instant payments. Discover use cases and what credit union leaders and payments experts are saying about the journey. #creditunion #instantpayments #usecases

Exciting news for the credit union community! Dive into this insightful article, exploring the perspective of credit unions on instant payments. Gain valuable insights into the opportunities and challenges of embracing instant payment solutions in today's financial landscape. Stay ahead of the curve and learn how instant payments can transform your credit union's operations and member experience. #CreditUnions #InstantPayments #Finance #Fintech

In 1934, President Roosevelt signed the Federal Credit Union Act, paving the way for a unique financial model. This act empowered people to form member-owned cooperatives prioritizing fair rates and financial education. While the industry has seen a revolution with ATMs and mobile banking, credit unions' core values remain steadfast. Their member-centric structure, unwavering mission of financial empowerment, and commitment to community continue to anchor them as pillars of stability within the financial landscape. #CreditUnions #FinancialInclusion #CommunityPartners #FCUAct90

Golden 1 Credit Union has been named by Forbes as one of America’s Best-In-State Credit Unions. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. Financial institutions are the cornerstone of the financial world and play a central role in stabilizing global systems. America’s Best-In-State Credit Unions 2024 ranking lists the institutions that stood out for fulfilling the unique financial needs and expectations of their local communities thereby being most valued by residents of each state. Golden 1 is honored to be recognized on the Forbes list of America’s Best-In-State Credit Unions 2024. #strongertogether #getloudg1

When’s the last time credit union employees were excited about the future of the industry? When’s the last time credit union employees were excited about their own credit union’s offerings? And by excited - I mean proud. We have a mission here at CU Digital One. And getting messages like this one tells me that we’re on the right path. Credit union employees are getting excited about the possibilities. This isn’t hype just for hype. This is critical progress. #creditunions #creditunionsrock