The Project 2020 Technology Committee was established to explore opportunities that would provide Credit Unions with optimal access and utilization of Technology. More specifically, the project seeks to enable Credit Unions’ ownership and control of technological systems that will facilitate: Participation in the national payments system. The provision of online services to members. Significant trading […]
Tag: technology
Credit Unions must innovate and evolve service delivery to survive in the new normal
Chaguanas, Trinidad – November 13, 2020: The Central Finance Facility (CFF) hosted its first ever virtual workshop on November 6, 2020 entitled ‘Leveraging Technology for Competitive Advantage in the New Normal’. Over thirty (30) attendees from twelve (12) local credit unions participated in this event which was held via Zoom from 9:30 am to 4:00 […]
The Credit Union Movement’s Approach to Fostering Social and Economic Resilience for the ‘New Normal’
The Credit Union Movement’s Approach to Fostering Social and Economic Resilience for the ‘New Normal’ Introduction In times of any disaster, be it natural or otherwise, a need will always arise to strengthen social and economic resilience. If we are to be less vulnerable than we were for the Covid-19 pandemic, there will undoubtedly be […]
Credit Unions must bridge the gap between Financial Services and Emerging Technology
In 2020, digital channels have become the preferred way to interact with financial organizations—73% of U.S. adults report being more likely to use digital financial services during the COVID-19 pandemic and there has been a 50% increase in the use of mobile banking apps from 2019. Given that COVID-19 does not differentiate, its impact is expected […]
Credit Unions Must Attract Younger Generations To Ensure Sustainability & Long Term Success
The Central Finance Facility (CFF) hosted a Thought Leadership Breakfast meeting with the theme “Credit Unions winning with Millennials” which presented the findings of its 2018 Credit Union Millennial Membership Survey.
The Rise of The Millennials (Pt. II)
Credit Union Millennial Membership Survey – Credit Unions Joining Forces To Better Provide For Our Millennials We’re back! In our last piece, we assured you that we would elaborate on pertinent aspects within the credit union movement which must be refashioned or let alone created in order to attract the millennial market. Enough emphasis cannot […]