Insights from The Lab

Digitization in Credit Unions

Category: Digitization in Credit Unions


Credit Union Robotic Process Automation for Commercial Loan Boarding

If only the different systems in your credit union talked to one another, there wouldn’t be a need for this article, nor the problem it solves.  But as a credit union professional, you know that’s not the case. Take commercial loans. They begin their lives in your credit union’s loan-origination system or LOS, if you …

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Credit Union Robotic Process Automation for Residential Loans

Credit union execs: “Park a bot” on all of the document processing needed to close loans Automation for closing residential loans is defined as using the latest digital automation technology (such as robotic process automation or RPA, or artificial intelligence or AI) to speed throughput of document processing, while reducing human-induced errors and improving member …

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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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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, financial and operational reconciliations are a way of life for operations staff throughout the organization. Routine reconciliation tasks are often perceived as required drudgery and the …

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Improvements from Start-to-Finish

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