CUs partner with tech vendors to improve the member experience.
Every day there seems to be a new tech solution that would be the perfect addition to the robust arsenal that is providing banking services to credit union members. On top of that, credit union lenders are also competing with outside giants like Rocket Mortgage – and struggling to keep up. Although finding the right vendor can be an arduous task, it is necessary for credit unions that want to stay competitive. Between the research, vetting and figuring out the logistics of partnering with the vendor, the process is time consuming and often costly. This creates a challenge for financial institutions that want to add new offerings of innovative products or services while also remaining profitable.
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