|Posted on June 13, 2019 at 10:05 AM|
Vienna, VA – June 13, 2019 – CU Rise Analytics was recognized with the People’s Choice Award during the Killer Fintech Speed Rounds at the 2019 AXFI (Analytics and Financial Innovation) Conference in Minneapolis earlier this week.
CU Rise CEO Karan Bhalla and COO Suchit Shah presented itsRead Full Post »
|Posted on May 30, 2019 at 8:15 AM|
Vienna, VA – May 31, 2019 – CU Rise Analytics has been selected to participate in the Killer Fintech Speed Rounds during the 2019 AXFI (Analytics and Financial Innovation) Conference in Minneapolis on June 10. The speed rounds highlight technology and innovation that is changing the world of credit union financial services, and CU Rise is part of a small group of organizations invited to present their innovative o...Read Full Post »
|Posted on March 20, 2019 at 9:35 AM|
Credit unions in the US have been witnessing a steady increase in membership since 2010. Average annual membership growth has been ~4% in the last 4 years. On the contrary, the deposit growth has shown a decline since Q3 of 2016. The deposit growth rate was recorded at 4.87% in Q3 of 2018 compared to 8.44% of Q3 of 2016.
Around 40% of the credit unions have reported a decline in deposits in 2018 which amounted to ~$3 billion on a YoY basis. Chartway credit union (V...Read Full Post »
|Posted on December 27, 2018 at 9:10 AM|
Increasing loan growth
After the sub-prime crisis, loan growth for credit unions started declining and in 2010 and 2011 the growth was negative i.e. more loans were paid off as compared to loan originations. Loan growth gained momentum in late 2011 and it has been increasing since then. As per NCUAQ3 2018 data, total loans for credit unions combined has reached $1.04T with a growth rate of 9.5% YoY., this includes $24.3B of loans of just the last quarter. The year-ov...Read Full Post »
|Posted on November 29, 2018 at 4:30 AM|
CU Rise Analytics is excited to be associated with Georgia’s Own Credit Union, a credit union with $2.4 billion in assets and over 188,000 members. Georgia’s Own has always strived to make lives of their members better by providing them the most competitive products and services possible. They take pride in giving back to members and communities in which they operate.
While Georgia’s Own has been utilizing analytics driven approaches to drive their decision...Read Full Post »