Blog
Stay up-to-date with the latest developments in credit unions and how they can impact your financial future.
Skip-A-Pay: The Member Retention Tool Your Credit Union Needs
Credit unions are constantly seeking innovative ways to attract and retain members. While competitive rates and diverse products are important, financial flexibility has emerged as a key differentiator. This is where Skip-A-Pay, a valuable and often underutilized feature, comes into play.
Safe Travels, Secure Finances: Travel Notification for Your Members
While travel opens up a world of exciting possibilities, it also exposes individuals to a new set of risks, particularly when it comes to their finances. This is where Travel Notification can set your credit union apart from the competition.
Empowering Financial Literacy: The Vital Role of Credit Unions
Financial literacy is a critical skill often overlooked in education systems, yet essential for effective personal financial management. With only 57% of American adults considered financially literate according to a new study from Zippia, credit unions are in a unique position to address this gap, benefiting both their employees and their members.
Small Business Lending: A Strategic Growth Avenue for Credit Unions
One of the consistent challenges of credit unions across the country is how to attract new members and enhance their deposit base. Given that boomers and Gen Xers, the two generations who own about 85% of U.S. small businesses, are likely already members, small business lending offers a substantial growth opportunity for credit unions.
Green Lending: A Golden Opportunity For Credit Unions
Green lending represents a valuable opportunity that can no longer be overlooked. As an industry expert in providing tailored solutions for credit unions, IMS Integration is at the forefront of this transformation.
Embracing Gen Z: The Future Credit Union Generation
The future of financial institutions is on the brink of a massive transformation. The primary catalyst? Generation Z. This digitally native, socially conscious, and the most diverse generation in history is set to redefine the banking landscape.
Relationship Banking: Empowering CU Members During Economic Uncertainty
As the economy faces increasing uncertainty, the importance of relationship banking cannot be overstated. In times of financial instability, customers seek reassurance and guidance from their primary financial institutions. Relationship banking, which focuses on building and maintaining long-term connections with clients, becomes crucial for both customer retention and new customer growth. In this article, we will explore the benefits of relationship banking during economic uncertainty and discuss strategies that banks and credit unions can employ to strengthen customer relationships.
The Future of Commercial Lending: 2024 and Beyond
Over the past few years, commercial lending has experienced a significant rebound, driven by favorable market conditions and increased demand from businesses. As the global economy recovers from the impact of the pandemic, businesses are seeking capital to expand, invest, and seize new opportunities. This resurgence is expected to continue well into 2025, creating a favorable environment for lenders.
Credit Union Strategies for Empowering Small Business Growth
In recognizing and adapting to the growing importance of SMBs, credit unions can develop innovative approaches and strategic partnerships to meet these evolving needs. Let’s explore how credit unions can effectively leverage this opportunity and build lasting relationships with the small business sector.
2024 Industry Forecast: Expert Insights on the Future of Credit Unions
As we step into a new era of technological advancements and innovation, the financial industry, particularly credit unions, is poised for significant transformations. To gain insights, we turn to the predictions of fintech and credit union experts who have been closely monitoring the industry’s evolution. Let’s explore the key trends and advancements that are likely to shape the future of credit unions in the year 2024.