Michael King

Great slide from Brett King’s “CU 5.0 blueprint for tomorrow’s credit unions” session at the TruStage Discovery2024 Conference. We agree that digital delivers better member service and drives growth for credit unions. It’s what we’re delivering for leading credit unions with FIQ Journey. This easy to implement, white-label platform brings hybrid digital advice and self-directed investing together in a single investor experience, providing members with the digital engagement they want and credit unions with the proven, scalable technology they need for profitable organic growth. Whether your goal is democratization of the investing process to attract new members or a small accounts solution for member retention to stop ACH outflows, our team can work with your credit union to integrate FIQ Journey into your existing systems, infrastructure, and member care teams, minimizing disruptions and the need for expensive modifications. You can learn more about FIQ Journey here: https://lnkd.in/g62NVJnh #creditunions #digitaltransformation #discovery2024 #banking #fintech

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DCG’s deposit forecast indicates that the industry is still not back to “normal” regarding expectations for deposit cost relief and balance growth in 2025. Andrew Mitchell shares more on the path forward: https://hubs.ly/Q02X8Q9x0 #bankingindustry #creditunions #deposits

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🚀 Is your bank or credit union ready to enhance its marketing game? Our latest blog post from Marketing Director Monica Hoyer, CPC, ELI-MP dives into the power of marketing automation for financial services. Discover how personalized email campaigns, automated onboarding, lead nurturing, and more can transform your customer engagement and operational efficiency. 💼📈 #marketingautomation #financialservices #banking #creditunions

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Very few banks have digital guidance capabilities. Those that do have a competitive advantage and an accelerator for qualified leads. Learn how Ignite Sales can help your bank turbocharge small business sales. https://lnkd.in/e4cmtPFQ #Banks #BankSales #IgniteSales

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The financial industry is buzzing as the Consumer Financial Protection Bureau (CFPB) moves ahead with data protection regulations, laying the groundwork for open banking. While some see this as a compliance burden, the real opportunity is in transforming open banking into a revenue driver—well before regulations take effect. Waiting on the CFPB could be a costly mistake. Learn why your organization should start leveraging open banking APIs now: https://lnkd.in/dN8cvP6f #SensediaUSA #CFPB #OpenBanking #APIs

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As we continue our daily series this week of tailored AI prompt templates for credit unions, today’s focus is on marketing teams. All 5 of today’s AI prompts are designed to help your credit union’s marketers quickly engage members, sharpen campaigns, and boost conversion rates. This first template will help you ideate sales copy for any purpose using the Problem-Agitate-Solution (PAS) formula. --- You are an expert copywriter for [Insert credit union name] with decades of experience in the credit union industry writing high quality sales copy that converts. Your task is to write a [Insert desired length in words or paragraphs] marketing [insert desired format (ex. email, webpage, etc.] to promote [insert product/service] to [Insert target audience]. You should write this copy with a tone that is [Insert desired tone. Examples: Excited and engaging, Serious and informative, Heartfelt and community-focused, etc.] Use the Problem-Agitate-Solution copywriting formula: Step 1 Problem: Clearly describe a significant problem or pain point the target audience faces that is relevant to the product/service. Step 2 Agitate: Expand on why this problem is so frustrating, costly or painful for the reader. Make them feel the consequences of inaction. Step 3 Solution: Introduce [insert product/service] as the ideal solution that will eliminate their problem and improve their situation. Focus on the key benefits and outcomes. Call-to-Action: End with a clear call-to-action to [Insert desired action] --- Check out all five AI prompts for credit union marketers here: https://lnkd.in/gq9QxRUx Subscribe to our newsletter to get one AI prompt tailored for credit unions delivered to your inbox weekly: https://lnkd.in/gqjzJ3Dv

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Our latest Small Business Banker Scorecard reported improved digital payment and transfer services for small businesses. 73% of Scorecard banks offer ACH payments to small businesses and 55% provide a consolidated view of transactions for tracking payments and cash flow. https://loom.ly/znL5xgs #smallbusiness #banking #payments

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What really matters for customers/members of any banking relationship, particularly #communitybanks and #creditunions, is that they feel like their FI has their backs. And the most important way to do that is for community FIs to provide products that show they understand their customers' and members' needs. That's the whole point of BaZing. It gives community FIs a great modern value-driven checking product that adds shopping discounts, cell phone protection, and much more to customers' and members' accounts for a low monthly subscription. And it's a lot more palatable than service fees. The best thing about BaZing (and BaZingBiz) is, any FI can get it up and running in as little as three months.

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Alternative lending options give your customers and your organization more space to pivot through a variety of scenarios. Flexible lending is one way to make your financial institution a place customers trust and recommend – explore our blog to read the rest of our customer retention recommendations! https://lnkd.in/d42pzgs7

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The current challenges of ACH fraud require an industry wide approach. Download our new infographic, NACHA’s New Rules: What Your Institution Needs to Know, to learn how your institution can be prepared to respond to this evolving landscape. https://buff.ly/3zMrvbh

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Join NCRC CDF to learn how to strategically deploy loan funds for maximum business growth. Discover allocation priorities, risk management techniques, and ways to ensure each dollar supports your long-term success. Don't miss this crucial insight into post-loan financial management! https://hubs.ly/Q02DCcLt0

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Join NCRC CDF to learn how to strategically deploy loan funds for maximum business growth. Discover allocation priorities, risk management techniques, and ways to ensure each dollar supports your long-term success. Don't miss this crucial insight into post-loan financial management! https://hubs.ly/Q02Fhs-w0

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Join NCRC CDF to learn how to strategically deploy loan funds for maximum business growth. Discover allocation priorities, risk management techniques, and ways to ensure each dollar supports your long-term success. Don't miss this crucial insight into post-loan financial management! https://hubs.ly/Q02Fhwp90

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🔍 What #lenders want to focus on: ✅ Winning new business ✅ Serving customers ✅ Underwriting loans 😩 What they're forced to focus on: ❎ Managing multiple payments vendors ❎ Troubleshooting without transparency ❎ Struggling to reconcile siloed or nonexistent #data Learn how Moov can help lenders stay focused by providing them with a comprehensive, flexible #payments solution and single source of truth for their transactional data. 👇

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The latest data from NCUA paints a challenging picture for credit unions, but staying informed is the first step toward tackling these issues head-on. Check out our News & Resources page for an in-depth look at the trends and what’s next for the industry. #CreditUnionData #FinancialServices #TyfoneInsights

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"The future of credit unions lies in their ability to adapt and innovate in response to evolving consumer demands. That is why so many credit unions are prioritizing platforms like Spiral to increase their deposit growth and win the battle for the younger, more engaged members.” Read more in the article published by CUInsight.com, Behind the buzz: How credit unions are targeting 3x deposit growth in 2024 https://bit.ly/CU-Buzz #CreditUnions #CommunityImpact #FinancialWellness 

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