c. myblog

January 7, 2016

Strategic Planning for Mobile Users

It is a safe bet to assume that many credit union strategic plans include a focus on engaging mobile users. One of the first steps in engaging a consumer is to better understand them. The Federal Reserve’s report, Consumers and Mobile Financial Services 2015, is nothing short of a treasure trove of data that has […]

December 17, 2015

Strategic Planning: The Future of Money?

60 Minutes recently aired a segment on M-Pesa, an alternative currency, which is the preferred method for financial transactions in Kenya. In essence, M-Pesa allows cell phones to perform nearly all financial transactions without the use of a bank account or credit card. The full segment, which goes into more detail than this blog, is […]

December 3, 2015

If You Think Changes in Payments Won’t Impact Your ALM and Interest Rate Risk Management―Think Again

There are bites – small and LARGE – being taken out of credit unions’ non-interest income. Just consider: PINless PIN. Apple Pay – or the pay option du jour (e.g., Bitcoin, Samsung Pay, etc.). The increase in payments via ACH, including P2P. The decline in ODP. As these bites are being taken out of revenue, decisions […]

November 12, 2015

Strategic Planning for Payment Options

We all know there is tremendous uncertainty with respect to the payments battle. There are numerous players in this market. Just a few are shown below. It is not enough for credit unions to just add multiple payment options for members. If credit unions want to be able to generate revenue in this environment they […]

October 30, 2015

A Tough Question in a Short Message

Why is it critical to position for quality deposit acquisition, NOW? Because: The competitive environment is complex and changing at lightning speed. Technology companies are redefining banking for just about everyone—not just Millennials. Many credit unions have more than 65% of their deposits with members who are 60 years old or older. Hopefully the traditional […]

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