How Digital Transformation In Banking is Redefining the Financial Services World

Leveraging digital transformations is extremely important for digital banking in 2024, and the ever-increasing pressure to follow digital banking trends is being felt across the industry. From apps to indirect lending on online splurges, the American (and global) consumer base enjoys a wide range of options to customize their financial experiences.  Banks and credit unions…

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5 Ideas for Driving Credit Union Membership in 2024

CU membership drive ideas

For credit unions, members are everything. From reduced risk exposure to an expanded impact on the community, the more diverse a credit union’s customer base is, the better its ability to see increased deposits and offer more loans will become. As a result, it’s important to make sure your credit union is striving for new…

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Where is the RV Market Headed? 5 Trends for Lenders to Keep an Eye on in 2024

The North American RV market is constantly evolving. Driven by changing consumer preferences, a shift towards remote work, and a renewed interest in domestic travel, the recreational vehicle industry presents banks and credit unions with a unique opportunity for lending. As of 2024, the North American Recreational Vehicle Market is estimated at $19.83 billion. The…

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How Your Credit Union Can Drive Membership With the Right Business Plan

Credit Union Membership

If boosting membership and loan growth is on your agenda for 2023 and beyond, it is important to factor in the right strategic planning for your credit union. Having a set credit union business plan in place for how to connect with the right loan applicants in your desired industries can go a long way. Credit…

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3 Software Options for Credit Unions That Can Boost Member Retention

credit union software

If there’s one thing we can say for certain as 2023 comes to a close, it’s that software is as vital as ever for credit unions and banks. In today’s fast-paced, technology-driven world, members have come to expect seamless, secure, and convenient access to their financial services. Without going the extra mile to offer the…

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Web Finance Direct’s Top 8 Benefits of Indirect Lending

auto indirect lending

Indirect lending. Whether you’re a dealership in the auto, RV, marine, and powersport industries, a credit union looking to get into credit union indirect lending, or a bank looking to expand your loan portfolio, this lending method can enhance your core offerings. Fueled by customer desires for speed and efficiency when making larger purchases, indirect…

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Indirect Lending for Credit Unions: Our Guide to Vendor Due Diligence

If there’s one thing that remains true, it’s that our financial landscape is constantly evolving. Through this, indirect lending for credit unions and banks has emerged as a critical strategy. This form of lending can allow banks and credit unions to expand their lending portfolio and match with more borrowers over time. So, what are…

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Why Vendor Due Diligence is Crucial for Credit Unions and Banks

For banks and credit unions alike, the increasingly interconnected landscape of the lending sector can come with its challenges. With the threats of ransomware, auto loan fraud, and more on the rise, it is crucial for lenders to fortify their operations, ensuring seamless processes and aligning with applicants with proven credit scores. One way to…

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Five Key Steps to Start Your Own Indirect Lending Program

For lenders like credit unions and banks, a well-run indirect lending program can make a major difference in their ability to connect with qualified applicants. It is one of the best lending solutions for credit unions and banks alike. Compared to direct lending, where borrowers go directly to their bank or credit union to receive…

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Introducing the New Web Finance Direct Dealership Platform and Customer Mobile App

At Web Finance Direct, we are continually updating and optimizing our processes to ensure that dealers, applicants, and lenders alike have the best financing experiences possible. With that, we are proud to announce the launch of our new dealership platform and mobile app! This  makes the loan application and financing process  simple for dealers and…

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