Insights from The Lab

RPA for Credit Unions

Category: RPA for 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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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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Automate Updating of Loan Index Rates for Credit Unions

Many of your credit union’s loan interest rates are tied to those of other indexes: U.S. Treasury’s, Freddie Mac, FHLB, and so on. Those rates change continually. And so your credit union must update its rates—monthly, weekly, and even daily. It’s an incredibly detailed chore that your staffers hate doing. It consumes tons of hours—up …

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Credit Union KPI Handbook from The Lab

This Catalog Contains over 700 KPIs, But which ones are the “Super KPIs” for your credit union? Key performance indicators (KPIs) are essential for monitoring, managing, and profitably growing your credit union. Yet there are lots of credit union KPIs. This catalog, compiled by The Lab, contains more than 700. That certainly seems overwhelming. Where …

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