The Benefits of Working with a Third-Party Acquisition Partner
Release Date: 10/21/2020
Meet the Luminaries: Brian Bichler, CUSO Financial
CUTimes Perspectives podcast
What service enabled credit union financial advisors to realize a 71% surge in new clients per month and an impressive 23% higher profit margin? It was CUSO Financial Services TeamAssist, and those numbers earned it a place among the 2023 Credit Union Times Luminary finalists for Product Innovation. In this episode of the Meet the Luminaries podcast series, Brian Bichler, Co-Head of Financial Institution Channel for CUSO Financial Services, looks at what being named a Luminaries finalist means for the Atria Wealth Solutions company. You’ll also hear: Which challenges CUSO Financial had...
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Meet the Luminaries: Kevin Filan, Open Lending
CUTimes Perspectives podcast
With the increasing challenges of vehichle affordability, those in underserved credit segments find themselves without access to financing, and thus better job and education prospects. Open Lending’s mission has been to expand automobile access for near-prime borrowers, and through their market-leading AI and machine learning Lenders Protection platform fueled with the most comprehensive data in the industry they empower lenders to meet yield targets while also serving the near-prime segment. It also got them a Credit Union Times Luminaries nomination for Product Innovation. In this episode...
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Meet the Luminaries: Dan Stoltz, SPIRE Credit Union
CUTimes Perspectives podcast
A returning member to the Credit Union Times luminaries class, Dan Stoltz, president and CEO of Minnesota-based SPIRE Credit Union was once again recognized for his executive excellence. The reasons are pretty clear: steering the credit union from the brink during the Great Recession, he now leads one of the fastest-growing credit unions in the nation, doubling its assets from 2009 to 2017. In this latest episode of the Meet the Luminaries podcast series, hear from Stoltz what was behind this turnaround. You’ll also hear: How they overcame a $12 million loss from the Great...
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Meet the Luminary: USF Federal Credit Union’s Richard Skaggs
CUTimes Perspectives podcast
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Credit Union Success in Challenging Times: The Danger Behind the Credit Card Competition Act
CUTimes Perspectives podcast
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Payment Trends & Future Outlook With Truliant FCU
CUTimes Perspectives podcast
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Credit Union Success in Challenging Times: Small Business Lending Strategies With Allegacy FCU
CUTimes Perspectives podcast
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PremierOne's Innovative Employee Program
CUTimes Perspectives podcast
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Jovia on Setting Up a Successful DEI Program
CUTimes Perspectives podcast
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Doral Makes In-Roads to Underbanked
CUTimes Perspectives podcast
info_outlineBanks and credit unions are responding to the effects of the pandemic differently: banks are
focused on consolidating while credit unions are expanding. In fact, credit unions opened 1,523
branches in September 2019, compared with 4,727 closed bank branches during the same
period. Banks are looking for buyers for their branches, while credit unions are working to fill
“banking deserts,” or areas with no financial institutions within a 10 mile radius.
In this episode of the “Credit Union RX 2020” podcast series, we brought together Neil
Archibald, Chief Operating Officer for Members Trust Company, and Kathy Courtney, Chief
Operating Officer of Greenstate Credit Union, to discuss the benefits of entering bank
acquisition transactions with a third-party acquisition partner. They explain how working with a partner helps credit unions overcome barriers they face during the acquisition process and ultimately helps them better serve members.
Click the player to hear their discussion.