The Scoop on Credit Line Increases and COVID-19
Credit Unions are Using Data and Increasing Lines of Credit to Support Members during COVID-19 by Ann Farrell, Director of Portfolio Growth With rising unemployment, stay-at-home orders, and volatile markets, one thing is clear – the global coronavirus pandemic has upended the financial situations of many consumers. Credit unions play an essential role in helping […]
The Failure of Nokia: A Lesson About Credit Union Data
Credit unions have a great deal of data on their members – how much they earn, where they spend their money, how much their house is worth. Credit unions now have access to more data than they ever had before. But most fail to leverage that data, and this should be a big concern. The […]
Transactional Data: Big Data and the Rise of Payments
Today, there are very few that will deny the importance of data and analytical decision making. Big Data has been a buzzword for years, but it has finally turned into a reality. Companies like Amazon and Uber dominate their industries with the use of data analytics. They, among many companies, have realized that data is […]
