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Credit unions are in a strong growth position in 2021. The NCUA reported 128.8% growth in net income for credit unions over the year in the second quarter, with shares and deposits rising $196 billion to a total of $1.58 trillion.

That doesn’t mean credit unions have it easy. Credit unions still have to find new and attractive ways to bring in new members, deliver stand-out financial products and boost our balance sheets. And many credit unions, especially the smaller ones, are stuck playing catch-up when it comes to technology investments; a recent report by CUNA listed technology as one of the six biggest challenges facing small credit unions today.

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