Woman in self-driving car Source: metamorworks/Shutterstock

With the dawn of a new decade come fresh and exciting technological innovations. But when those developments shake up your industry and potentially threaten your organization's bottom line, the last thing you want to do is put your head in the sand. After all, we all know tech advances are ubiquitous and stop for no one. For credit unions, two recent disruptors are the rising popularity of ridesharing services and self-driving cars, which have the potential to encroach on what has been the industry's bread and butter – car loans. However, these trends also represent an opportunity to credit union executives, who would be wise to implement innovative ways to adapt and scale up operations. This is a smart strategy and one that can keep their institutions successful and thriving for years to come.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.