Alternative financial providers continue to make inroads with creative solutions and non-traditional marketing efforts. Although some Fintechs may never make a profit and ultimately fade away, they are still permanently changing the competitive landscape. It seems Fintechs recognize that many consumers live in a “gig economy” and shy away from longer-term commitments; this recognition creates […]
/images/White-Logo.png00Kaylyn Aguilar/images/White-Logo.pngKaylyn Aguilar2019-09-26 10:06:262019-09-26 10:06:26Fintechs Don't Have a Lock on Creative Mindset
Uncertainty in market rates can be nerve-wracking. It is also a catalyst for really taking control of what you can control. Many credit unions have a very efficient process for indirect lending. Why? Two main reasons. The margins are very thin, and the dealers demand speed. So while you can’t control market rates, you can […]
/images/White-Logo.png00Kaylyn Aguilar/images/White-Logo.pngKaylyn Aguilar2019-09-18 09:47:012019-09-18 09:47:01Lower and Volatile Market Rates are a Catalyst for Improving Lending Efficiency
Many credit unions have been seeing their NEV ratios decline since the end of 2018, even without any meaningful balance sheet changes. Others have shortened their assets and are still seeing their +300 NEV volatility increase. So what could be causing this trend that seems contrary to what one would expect from their balance sheet […]
/images/White-Logo.png00Heidi Reyes/images/White-Logo.pngHeidi Reyes2019-09-11 08:30:092019-09-11 08:30:09Why is NEV Showing More Risk Without Any Balance Sheet Changes?
This latest entry in our Napkin Math video series demonstrates a quick way to calculate the relationship between operating expense growth and asset growth. Like the previous videos in this series, this short video shows the simple math that credit union leaders can literally do on the back of a napkin to understand ballpark financial […]
If you are not seeing an increase in credit card acquisitions, you may want to take a look at the ease and timeliness of your online credit card application process. In Example A, we see that 69% of this credit union’s credit card applications are taking over 4 hours from the time the member applies […]
Fintechs Don’t Have a Lock on Creative Mindset
Consumer Behavior, Featured, Strategic Planning, TechnologyAlternative financial providers continue to make inroads with creative solutions and non-traditional marketing efforts. Although some Fintechs may never make a profit and ultimately fade away, they are still permanently changing the competitive landscape. It seems Fintechs recognize that many consumers live in a “gig economy” and shy away from longer-term commitments; this recognition creates […]
Lower and Volatile Market Rates are a Catalyst for Improving Lending Efficiency
Featured, Process Improvement, Strategic PlanningUncertainty in market rates can be nerve-wracking. It is also a catalyst for really taking control of what you can control. Many credit unions have a very efficient process for indirect lending. Why? Two main reasons. The margins are very thin, and the dealers demand speed. So while you can’t control market rates, you can […]
Why is NEV Showing More Risk Without Any Balance Sheet Changes?
ALM, Featured, NEVMany credit unions have been seeing their NEV ratios decline since the end of 2018, even without any meaningful balance sheet changes. Others have shortened their assets and are still seeing their +300 NEV volatility increase. So what could be causing this trend that seems contrary to what one would expect from their balance sheet […]
Napkin Math: ROA Impact of Operating Expense Growth vs. Asset Growth
ALM, Education, FeaturedThis latest entry in our Napkin Math video series demonstrates a quick way to calculate the relationship between operating expense growth and asset growth. Like the previous videos in this series, this short video shows the simple math that credit union leaders can literally do on the back of a napkin to understand ballpark financial […]
How to Combat a Credit Card Acquisition Plateau
Consumer Behavior, Featured, Process ImprovementIf you are not seeing an increase in credit card acquisitions, you may want to take a look at the ease and timeliness of your online credit card application process. In Example A, we see that 69% of this credit union’s credit card applications are taking over 4 hours from the time the member applies […]