Expert Opinion

Build loyalty by identifying struggling members using data and modeling with a preemptive offer of relief like debt consolidation.

CUs entered this downturn with more than adequate capital, have conservative lending policies and will engage in pro-consumer behavior.

Credit unions should start planning now for how 5G can be leveraged to better serve their members and grow their business.

The future of successful dealerships and successful lenders is in the art of borrowing and servicing simultaneously.

A sale leaseback strategy can generate financial and accounting benefits that absorb up to 100% or more of your CU's COVID-related costs.

Credit unions must handle strategic planning well now if they want to remain in business by the fall of 2021.