In the News

Mom and pop' credit unions are losing the tech race — and members

Technology. credit unions. Jan 10, 2023 Mega-credit unions can better afford marketing and partnerships with fintechs that can expand their market reach, said Vincent Hui, managing director at Cornerstone Advisors. "This is why strong credit unions are considering mergers — so they have the economies of scale to invest in those strategic capabilities," he said.

Strategies for Credit Unions to Compete in the Modern Banking Industry

banking tech strategies. BankingTech. credit unions. Nov 30, 2022 Banking-as-a-Service can help credit unions develop a new revenue stream (as much as $25 billion over five years, as indicated in a Cornerstone Advisors report) and gain new members, generating more loans, encouraging more and larger deposits, and producing non-interest income through credit and debit cards

Durbin 2.0 Threat: Banks & Credit Unions Brace for Significant Impact

banks. credit unions. Nov 1, 2022 When Cornerstone Advisors asked about the level of interest in using third-party solution providers, 29% of organizations noted an interest in using outside partners to assist in building a better digital account opening process.