Digital Lending Blog

News and insights from the leading digital lending solution

Digital Lending Blog

News and insights from the leading digital lending solution

Insights

deposit growth

Credit Unions Must Innovate Quickly to Expand Deposits

Deposit growth is imperative for the long-term sustainability and success of credit unions. By embracing innovation, adapting to changing consumer preferences, and exploring new opportunities, credit unions can unlock deposit growth and thrive in the digital age.

Conquering Tech Debt for Credit Union Success

Much like the perilous complacency that befell credit unions with their loan pricing strategies, the specter of technical debt looms ominously. It demands not passive observation, but immediate and unwavering attention. To postpone addressing it is to court disaster, for the rapid pace of technological advancement allows no respite. Only through proactive measures can credit unions safeguard their relevance and viability, ensuring they remain agile and adaptive.

Business man walking through metal trap

Stay Ahead of the Curve on Credit and Fraud Risk

Tightening underwriting with rigorous income verification is crucial to ensure loan quality and minimize risk, especially during economic hardship. Lenders should also be aware of increased first-party fraud, where borrowers provide false income information.

Light bulb glowing above outstretched hand

Why Credit Unions Must Embrace Technology and Innovation

A recent conversation between Ronaldo Hardy, President and CEO of the National Association of Credit Union Service Organizations (NACUSO), and Vince Passione, host of the podcast “22 Minutes in Lending,” discuss how credit unions can embrace technology and empower their teams for sustainable growth.

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News

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May 6, 2024

10 Best Student Debt Solutions for 2024

Student loans allow more individuals to realize their educational, occupational, and financial potential. But high student debt payments after graduation…

Barb Romito

Top 25 Lending Technology Companies
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March 27, 2024

The Role Lending Can Play in Savings

During a session on “Deposit Growth and Retention Strategies in a Falling Rate Environment” at America’s Credit Unions Strategic Growth…

Michelle Asher

One person handing a Compliance binder to another
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10 Best Student Debt Solutions for 2024

Student loans allow more individuals to realize their educational, occupational, and financial potential. But high student debt payments after graduation can reduce financial flexibility and discourage many from taking full advantage of their credentials.

Top 25 Lending Technology Companies

The Top 25 Lending Technology Companies of 2024

The Financial Technology Report is pleased to announce The Top 25 Lending Technology Companies of 2024. From consumer credit and cryptocurrency to small business loans, the fintech sector is experiencing a spur of innovation in part driven by advancements in AI. This wave of progress has driven both startups and legacy companies to introduce new solutions in consumer and business banking. The companies being recognized on this year’s list have consistently demonstrated an ability to anticipate and adapt to evolving trends and to offer market leading solutions to their customers.

Ent CU sells $54M loan pool through LendKey’s ALIRO platform

Ent Credit Union said Tuesday it has sold $54 million in unsecured personal loans to an institutional investor. Ent ($9.8 billion in assets, 533,480 members), headquartered in Colorado Springs, Colo., has raised cash and helped reduce its loan-to-share ratio through loan sales. LendKey, a Cincinnati company that offers digital network lending, facilitated the $54 million whole loan portfolio sale, which closed in March through LendKey’s ALIRO loan trading platform.

The Role Lending Can Play in Savings

During a session on “Deposit Growth and Retention Strategies in a Falling Rate Environment” at America’s Credit Unions Strategic Growth Conference, Vince Passione, CEO and founder of Lendkey, noted credit union core deposits saw record growth in 2023.