Insights from The Lab

Digitization in Credit Unions

Category: Digitization in Credit Unions

How to Automate Reconciliations in the Credit Union Industry with Robotic Process Automation

Most workers in the business world believe that reconciliations are a routine task that only accountants deal with as part of their jobs. However, in the credit union industry, whether a mega-credit union with $750B in assets, a super-regional with $25B to $250B, or even a local community credit union with assets from $750M to …

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Credit Union Executive 2023 Operations Improvement Playbook

A complete three-part guide for addressing the “perfect storm” of adverse market conditions confronting credit unions now—and preparing for a forever-changed, volatile future The credit union industry is reeling amid an onslaught of challenges that include: Constant market shocks Generational turnover with a transient workforce as replacements Ever-increasing core system capability constraints and cost Members …

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By The Lab Consulting Credit Union Digitization in Credit Unions Process Improvement

Business Standardization for Community & Regional Credit Unions

Standardization is the opportunity—and the challenge Standardization provides the opportunity to address the most pressing needs of your business today. You need resiliency to handle shocks. You need flexibility to manage volatility. You need efficiency to absorb higher costs. But how can you achieve it? The standardization challenge requires trial-and-error experience on real-world operations. And …

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Automate Flood Compliance and Reporting for Your Credit Union’s Real Estate Loans

RPA credit union bots can eliminate 1,500 hours of manual labor, every year Updating flood information for real-estate loans is a flood of work for any credit union. Every day, it involves a ton of manual, sit-at-the-computer labor. It requires that your credit union’s Business Analysts pull lots of data from lots of disparate sources, …

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Improvements from Start-to-Finish

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