This makes loans a particularly important service to consumers who are seeking the best option to deal with their debt. As banking services become increasingly à la carte, credit unions can make their loan services stand out by highlighting their own unique advantage: the power of human connection.
Technology has come a long way, and it continues to change our workflows and add efficiencies that we never expected. Credit unions are at the center of this shift as they find ways to embrace lending solutions powered by artificial intelligence (AI).
Prepaid cards hold a strong position in financial wellness and inclusion that makes them ideal for building trust, growing a credit union’s market, and strengthening member relationships while diversifying revenue streams.
Are you considering how to convey the value of technology and related projects in the budget? Here are some essential concepts to assist.
Many people face financial challenges that keep them from utilizing the full benefits of mainstream financial services. Prepaid cards address many of these challenges, which makes them a powerful vehicle for empowering people who are unbanked and underbanked.
The popularity and versatility of prepaid cards can provide credit unions with opportunities to expand their reach and build stronger member relationships. A knowledge of market trends can be combined with member insights to effectively market your credit union’s prepaid card program
Understanding how to effectively incorporate virtual cards into your credit union’s prepaid strategy is key to competing within the financial services market.
Last October, I joined over 120 credit union leaders, thought leaders, and subject matter experts in Newport Beach for three days of learning about the latest cyber threats and how to prevent them. If you’re on the fence about attending this year, let me give you a sneak peek into why CU Intersect 2024 is an event you absolutely can’t miss!
