Consider these big data analytics investments, which can lead to big returns for credit unions.
CUNA Mutual Group is spinning off its Employee Benefits book of business – including some 3,200 credit unions – to Digital Insurance Inc. in Atlanta.
You have probably been seeing the term big data popping up in many places. It has entered the business vernacular.
Big Data has entered the business vernacular. Credit union managers need to know what it means and what it can do.
The term business intelligence and its acronym BI are so pervasive in today’s data-intensive lexicon that it’s a challenge to know just what to make of it.
How much BI is right for your business?
Credit union members are increasingly demanding more online interaction from their institutions. The request is forcing credit unions to adjust websites and self-service portals to accommodate members.
The use of contact data is changing for credit unions. Today, financial institutions are using contact data to ensure that communications reach members and prospects, but, perhaps more importantly, those institutions are also leveraging contact information to better understand their members through database consolidation and a single member view.
Credit union communications are moving to an electronic format. Not only is it more environmentally friendly and convenient for the member, but it also reduces expenses.
Credit unions rely on their existing members to keep them in business.