For the first time, credit unions surpassed $1.2 trillion for their total loan portfolio in April 2021. Total year-to-date loan originations increased by more than 20% in dollar terms over each of the past two years. This is an incredible achievement. However it’s important to ensure the success of the loan—from open to payoff.
In a recent webinar hosted by CUInsight, Mary Woodard, Chief Operating Officer of Granite Credit Union, and Mark Ranta, Payments Practice Lead for Alacriti, discussed how credit unions could have more valuable loans through digital transformation. This convenient and data-packed white paper summarizes the webinar.
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