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#2062: CUTEK's Member Aid Package Helps Credit Unions Better Serve Members Impacted by Coronavirus Pandemic...

3/31/2020

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CUTEK Co-founder/VP of Consulting Mark Borja joins us to discuss the tech firm's new Member Aid Package to help credit unions better serve their members impacted by the COVID-19 outbreak. CUTEK discounted and bundled many of its products to create Member Aid Package consists of:

Loan Modification Workflow — assists in offering members lower loan payments or rates on existing loans
Skip-A-Pay program — includes a batch SAP, as well as SSO for home banking
ATM Foreign Fee Reversal program

According to Borja, this package supports temporarily reducing monthly loan payments and interest rates for credit union members. It also has the means to extend loan payments (SAP). Additionally, if there is the need to reverse ATM fees for specific date range, it supports that as well.

Another unique feature of this package is the built-in batch processing for skip-a-pay. No other skip-a-pay on the market today has a batch processing feature.

Check it out and let us know your thoughts.

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#2061: CUNA's Weekly Media Call Covers Coronavirus Impact with Nussle, Donovan, Van Rijn, and Spiczenski...

3/30/2020

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CUNA held its weekly media call for March 30, 2020, and here's what was covered:

CUNA Chief Advocacy Officer Ryan Donovan discusses working with the SBA
CUNA Senior Economist Jordan Van Rijn discusses unemployment numbers, scope of recession, and more
CUNA President/CEO Jim Nussle discusses credit unions as "Financial First Responders" and why this week is critical for credit unions and members as bills come due

Check it out and let us know your thoughts.

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#2060: Digital OnBoarding's Ted Brown Discusses Digital Services' Necessity in Remote Environments Today...

3/30/2020

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Digital OnBoarding Founder/CEO Ted Brown joined us on the show to share his insights on the necessity of digital services in remote environments. This topic is incredibly timely to tackle the coronavirus crisis in delivering financial services to anyone -- remote or not. Ted also talks about how the branch, yes, the branch, can effectively complement these digital services.

Check it out and let us know your thoughts.

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#2059: Are Industry Vendors Prepared for Pandemic Lockdowns?

3/30/2020

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NContracts Founder/CEO Michael Berman addresses a very timely question: Are credit union industry vendors prepared for a pandemic lockdown? That question was the springboard for a lively talk, discussing the various scenarios that can and have already occurred with vendors.

A couple other questions that were detailed included:
What happens if your vendors' employees don't show up for work?
Can your small fintech partner handle an economic downturn for more than two quarters?

This conversation essentially boiled down to planning -- or the best you can for unforeseen situations like the coronavirus pandemic impacting operations. Again, very timely talk. Check it out and let us know your thoughts.

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#2058: CUNA's Jim Nussle Outlines 5 Financial Steps Members Can Take to Prepare for Coronavirus Crisis...

3/30/2020

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CUNA President/CEO Jim Nussle joined us on the program to outline five financial steps credit union members can take to prepare for the coronavirus economic crisis:

Contact your financial institution
Protect you data
Utilize online and mobile services
Research local financial support
Your money is safest in a credit union (no hoarding cash)

Jim also discussed the $2 trillion coronavirus stimulus bill, his MSNBC interview where he called credit unions "Financial First Responders," and why this week is a critical week for credit unions and members. He also shared some incredible examples of credit unions continuing to step up for their members in these challenging times.

There's a much more in our conversation with Jim, so check it out and let us know your thoughts.

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#2062: CUTEK's Member Aid Package Helps Credit Unions Better Serve Members Impacted by Coronavirus Pandemic...

#2061: CUNA's Weekly Media Call Covers Coronavirus Impact with Nussle, Donovan, Van Rijn, and Spiczenski...

#2060: Digital OnBoarding's Ted Brown Discusses Digital Services' Necessity in Remote Environments Today...

#2059: Are Industry Vendors Prepared for Pandemic Lockdowns?

#2058: CUNA's Jim Nussle Outlines 5 Financial Steps Members Can Take to Prepare for Coronavirus Crisis...

Mike Lawson, Host

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