The Decision Maker

FASB’s New CECL Comments Could be a Worst-of-Both-Worlds Approach

Posted by Joe Breeden (Deep Future Analytics) on Apr 19, 2016 11:30:00 AM

Last week’s comments by the Financial Accounting Standards Board (FASB) about how they will allow the different levels of complexity in credit loss calculations for lenders of different sizes would seem to be a victory for smaller credit unions and community banks.

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Topics: Credit Unions, CECL, Lending

Credit Union Industry Disruption: NACUSO 2015 – Part 1

Posted by Paul Ablack on Apr 20, 2015 12:51:56 PM

I had the opportunity to attend NACUSO 2015 in Orlando last week. NACUSO is a great conference to interact with other thought leaders in the credit union industry to make valuable business connections. It is the essence of the “credit union movement”, a group of talented industry leaders looking for ways to collaborate to make the industry stronger.

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Topics: CUSO, Lending, Big Data, Data Analytics, Digital

How Credit Unions Can Leverage Big Data [Video]

Posted by Austin Wentzlaff on Feb 5, 2015 11:30:00 AM

 


 OnApproach's Founder and CEO Paul Ablack discusses today's evolution of Big Data and how credit unions can benefit from this increasingly refined information to provide more specific products and services for enhanced value.

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Topics: Reporting and Analytics, Business Intelligence, Big Data, Credit Unions, Data Integration, Marketing, Data Pool, Video, Podcast, Collaboration, Analytic Data Model, Digital, Lending, Data Analytics

Lending Clubs: A Threat to Credit Unions

Posted by Austin Wentzlaff on Nov 26, 2014 10:32:00 AM

This article was originally posted on CUinsight.com on November 19th, 2014 by Austin Wentzlaff 

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Topics: Lending, Big Data, Data Analytics

4 Ways “High Tech” meets “High Touch” in Credit Union Big Data/Analytics

Posted by Nate Wentzlaff on Nov 18, 2014 11:26:00 AM

Member-focused initiatives must be blended with high tech solutions in the credit union industry

In his #1 New York Times Bestseller book, Megatrends, John Naisbitt predicted that with the rise of “high tech” solutions, people would increasingly feel a need for “high touch” connections to balance technology overload.  The need for personal touch in financial services has been continuously met by the credit union industry.  Many banking customers have become disillusioned after being treated as just another number in a bank’s system.  The mission of credit unions is to deepen relationships with their members to provide them with exceptional products and services.  However, they realize that technology on its own will not bring about superior service for their members.  By keeping the High Tech/High Touch balance in utilizing Big Data/Analytics (BD/A) solutions, credit unions will bring efficiency to their processes and excellent service for their members.

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Topics: Big Data, Membership, Branch, Lending