FLEXcutech Blog
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Discover the latest credit union industry news and information.
FLEXcutech Blog
15h ago
In today's digital financial landscape, your credit union is confronted with a significant challenge: offer convenience and security with digital payments. As online transactions become more prevalent, the importance of robust security measures has reached new heights.
Delve into the strategies and technologies that can help credit unions combat digital payment fraud in this blog post. By effectively integrating these tools, credit unions can enhance their security measures and provide members with greater peace of mind regarding the safety of their digital transactions ..read more
FLEXcutech Blog
3d ago
Your credit union is faced with the challenge of balancing risk management and revenue growth in a rapidly evolving landscape. Centralized lending is a key strategy that comes with both opportunities, risk, and areas for improvement. This post explores the complexities of centralized lending, highlighting its advantages and drawbacks ..read more
FLEXcutech Blog
3d ago
In this rapidly evolving landscape, selecting the right core processor is pivotal for determining success. From enhancing member experiences to ensuring regulatory compliance, each facet of your credit union's performance is intricately tied to the capabilities of your core processor ..read more
FLEXcutech Blog
1w ago
Imagine the impact of cutting your lending revenue in half on your credit union. It may seem like a far-fetched scenario, but it highlights a crucial issue. With loan application abandonment rates soaring to 68%, your credit union is missing out on opportunities to cater to both existing and potential members. Dive into the following insights to discover how you can boost application completion rates ..read more
FLEXcutech Blog
1w ago
Automated lending has emerged as a game-changer in the credit union industry, offering unparalleled benefits. As your credit union navigates this new technology, you will find new challenges surface for your members and organization.
The popularity of automated lending demands innovative solutions to overcome these obstacles. Keep reading to uncover these challenges and how to solve them in your credit union ..read more
FLEXcutech Blog
2w ago
Your credit union understands the importance of offering convenient and accessible lending options to your members. With the evolving landscape of financial services, it's essential to explore and understand the differences between in-branch and online lending. Let's dive into each method to help you make informed decisions for your credit union and its members ..read more
FLEXcutech Blog
2w ago
As the financial landscape gears up for a transformative shift of adopting FedNow, there is considerable excitement and anticipation. This real-time payments system promises to revolutionize how transactions are conducted, offering unprecedented speed and accessibility. Yet, behind this milestone lies a journey marked by collaboration, engagement, and meticulous testing involving a diverse array of financial institutions and stakeholders ..read more
FLEXcutech Blog
2w ago
Utilizing the lending process offers your credit union a fantastic opportunity to go above and beyond member expectations by providing a more comprehensive lending experience. Embracing cross-selling within your credit union not only enhances the member experience but also leads to increased revenue. Learn how to cross-sell during the lending process in this blog post.  ..read more
FLEXcutech Blog
2w ago
In the ever-evolving landscape of lending, your credit union finds itself at the forefront of innovation. Embracing Lending 2.0 isn't just a choice; it's a necessity for staying competitive and meeting the evolving needs of your members. At the heart of this transformation lies the concept of omni-channel lending, a powerful tool that can redefine how your credit union engages with borrowers and streamlines lending processes ..read more
FLEXcutech Blog
2w ago
In today's dynamic financial landscape, credit unions face the challenge of meeting the evolving needs and expectations of their members. As technology advances and consumer preferences shift, it's imperative for credit unions to understand what members truly want in the lending process. From simplicity and transparency to embracing digital solutions, the key to enhancing member satisfaction lies in catering to these core desires ..read more