Neil Stanley

Discover the power of Community Development Financial Institutions (CDFIs): We’re sharing the essentials: - What are CDFIs and how do they operate? - What does the current CDFI market look like? - Where do CDFIs source their capital? - How are CDFIs paving the way for a more equitable future? - How can CDFIs be included in client portfolios? Dive in and see how CDFIs are making a difference. Find out more: https://lnkd.in/enRY9ECw #ImpactInvesting #CommunityDevelopment #CDFI #SocialFinance #EconomicEmpowerment

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The distinction between "digitizing" and "transforming" can make or break your institution's competitive edge. While digitizing processes boosts efficiency, true digital transformation reimagines operations, decision-making, and customer service by leveraging data as a strategic asset.   In this brand new article by Chris Muracco, MBA, you'll learn about: ✔ The crucial difference between digitizing and transforming. ✔ The shift from viewing data as a byproduct to treating it as a core asset. ✔ Using data to personalize experiences and proactively meet customer needs. ✔ Exploring effective fintech partnerships, digital-only branches, and more.   Learn why institutions that harness the power of data to transform their bank not only improve efficiency, but also drive innovation, boost customer satisfaction, and uncover new revenue streams.   Read the full article here!  https://lnkd.in/eY3rwhPS #communitybanking #dataanalytics #digitaltransformation

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Reminder: Happening Tomorrow What Small Banks Need to Know About the Community Reinvestment Act This webinar is exclusively for banks with less than $600M in assets and won't discuss concepts applicable to ISBs or large banks. As a small bank employee, you juggle a lot of responsibilities. Chances are you’re the only CRA/compliance person at the bank, and even if you’re not, you still don’t have the resources you need. Keeping your bank compliant is a big task, but all the training out there seems to be aimed at larger institutions. What works for that $15 billion bank just isn’t going to cut it for your institution. And when it comes to the Community Reinvestment Act (CRA), there’s not much training available, especially for small banks. We’d like to fix that. Join Kadince and CRA expert Linda Ezuka tomorrow, June 26th at 1 pm CT for a free, educational webinar on what small banks need to know about the CRA. Whether you’ve been in the game for a while or are just starting out, you’ll learn what it takes to run a small bank’s CRA program, how to approach your CRA exam, what the new CRA rule means for you, and more. Register to Join Here: https://lnkd.in/dEAj-sDB This is the small bank CRA training you’ve been looking for, so don’t miss out! Register even if you can’t attend the webinar live, because you’ll receive a follow-up email with the recording.

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This webinar is for bank and credit union leaders only! If you lead one of these organizations and are focused on growth, this FREE Webinar is for you! Join us Tuesday, November 19th if you're looking to Scale Your Growth! In this fast-paced webinar, we'll discuss ways to future-proof your growth and position your team for success regardless of market conditions. Tuesday, November 19th @ 1 pm Eastern 📈 Register here for more accurate forecasts and shortened sales cycles heading into 2025 https://hubs.la/Q02WnNpJ0 Don't forget to register, even if you can't join live. All registrants will receive a recording following the live session! #growth #scaleyoursales #banking #salesleadership

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Comparing savings strategies: Money Market vs. Certificate. Which is right for you? Find out the differences and start growing your savings today 👉 https://ow.ly/orIN50SBrPs #MoneyMarket #ShareCertificate #Investing #Savings

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Are you prepared to respond effectively to security threats? Solucient’s free Safety Tips guide provides essential information and best practices to help you mitigate risks and protect your credit union. Don't wait until it's too late. Download now and take proactive steps to safeguard your institution. #CreditUnionSafety #DownloadNow https://hubs.la/Q02QNpv60

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Join Producers XL and Tim Vannoy, CLU, ChFC, CFP® with OneAmerica Financial to talk about some exciting changes coming to the Asset Care that you know and love! 🔸 A cash benefit to be used to meet informal care needs. 🔸 Enhanced pricing for long-term care and inflation protection. 🔸 Increased options to bridge the gap from home to formal care with support from independent caregivers. 🔸 Expanded supportive equipment benefits for clients receiving care at home. 🔸 Simplified benefit period options to make tailoring a plan and designing coverage easier than ever before. 🔸 Enhanced inflation protection options to help safeguard against rising costs of long-term care over time.! Register: https://lnkd.in/g7fwpQFZ *@Angie huges *John Rupright *Dexter Umekubo, CLU, ChFC *Dana Umekubo *Sean McBride *Scott Gilpin

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In case you missed it, we shared how Nacha is spreading the responsibility for ACH Fraud to receiving institutions as well. Understand the new rule, effective in October, and your credit union's responsibilities: https://loom.ly/_diaoe0 #creditunions #ACH #rule #analysis

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💡 Credit unions have long enjoyed a strong edge in member engagement over banks, but this advantage now seems to be dwindling. 💡 New research has shown that the engagement premium for credit unions versus banks has dropped from +21% in 2014, to only +11% today. NPS has also dropped from +29% to +17%. So the questions are: 1. Why are credit unions losing this engagement edge over banks? 2. What can credit unions do to improve member engagement? Find out all this and more in the latest article - https://lnkd.in/d6exMx8P #CreditUnions #CreditUnionMemberEngagement #FinancialServices #MemberExperience

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BNY's recently published, "2024 Voice of Community Banks Survey" looks at some of the challenges and opportunities facing community banks and provides some insights into where these critical financial institutions are focusing their strategies and resourcing. The accompanying report, authored by Shofiur Razzaque, Head of Community Banking & Solutions at BNY, discusses the results and focuses on digital transformation, cybersecurity, regulatory compliance, and customer engagement, emphasizing the critical importance of adopting modern technology while balancing the demands of regulatory requirements and the evolving needs of customers. The survey of more than 100 community banks nationwide, indicates that these institutions are increasingly prioritizing digital transformation by investing in AI, machine learning and data analytics to modernize operations and personalize services in order to stay competitive with larger institutions. With an emphasis on accelerated technical innovation in these areas also comes a heightened focus driving innovation and governance strategies around information security and data management to mitigate the expanding risks associated with these emerging technologies. When asked to identify the top challenges their institutions face in the next five years, “cybersecurity emerged as the leading long-term concern [27%], followed by customer acquisition and retention, and data management and analytics [24%].” Explore more insights from the full report: https://lnkd.in/d3VrHJTZ #CommunityBanking #DigitalTransformation #Cybersecurity #AI #DataManagement #BankingInnovation #CustomerEngagement #BNYMellon #cybersecuritymonth

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Community financial institutions thrive on something big: consumer relationships. People choose you because they refuse to be just another number in the system. They trust you to be there when they need you, offering personalized service that bigger banks often can't match. That's where mobile engagement comes in. It's not just about convenience; it's about connection. Learn how to leverage personalized mobile-first engagement to increase share of wallet, grow deposit and loan balances, and improve member satisfaction below.  👇 https://lnkd.in/eqaqmdnS #MobileBanking #CommunityFIs #DigitalTransformation #Pulsate #FinanceInnovation

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Five Perks of Choosing Local or Regional Financial Institutions Note: A commitment to the community and a focus on customer service lead the benefits of banking with a smaller financial institution. https://lnkd.in/d-BwghGU #personalfinance #moneymanagement #taxplanning #banking #financialinstitution

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Five Perks of Choosing Local or Regional Financial Institutions Note: A commitment to the community and a focus on customer service lead the benefits of banking with a smaller financial institution. https://lnkd.in/d-BwghGU #personalfinance #moneymanagement #taxplanning #banking #financialinstitution

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Ag lending partners - if you have questions on risk management, regulatory and compliance, new tools and technologies, your secondary lending partner should be your go-to resource. More than just a source of capital, secondary market partners should serve as your agriculture industry experts, partnering with you to help grow your ag loan portfolio and better serve your clients. Click the link below to read our newest article on this topic, "How to Optimize Secondary Market Partnerships," via Bank Director: https://ow.ly/lI2050S7osg

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Knowing what your account holders and community need is an important part of financial institution planning strategy. https://buff.ly/3RIepBD The right #branchandATMlocator can help! #creditunions #communitybanks #fintech

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On July 15th The Financial Brand published a story entitled "Are You Ready for the Historic Deposit Term Tsunami?" and every #communitybank and #creditunion needs to read it. The high level summary is that in the next 12 months a high volume of CD's taken out when consumers rushed to capitalize on the sudden increase in interest rates will mature. These they estimate total an approximately $2.5 trillion. Another nearly $9 trillion in government debt holders will also look for their next investment. The question they ask is where will this money be going and to what extend will Community FI's be able to to retain and attract these deposits. The answer the article provides is engagement through personalization and the hope that many consumers will overlook better rates elsewhere for an easier life with their local FI. This may well be correct. What the article ignores however is the flow of funds into investment platforms and especially Money Market Funds - a market that is 3x the size of the CD market and does not carry the same terminal time cliff that they do. You can keep your money in a MMF for as long or as short as you wish. MMF's are enjoying the highest net inflows and total AUM in their history due to this. Arguably the investment platforms like Fidelity, Schwab, Robinhood and others are as able if not more so to to offer increased engagement through personalization in addition to market leading interest rates. The risk of a tsunami of deposits leaving CD's and into investment platforms is very real indeed. Unifimoney is a digital wealth management platform that enables Community Banks and Credit Unions to offer a compelling retail investment experience including Money Market Funds within their existing online banking. If you are a Community FI and want to increase your account holders engagement come and talk to us and we will be happy to show you how we can help. You can read the full article here: https://lnkd.in/giGUzmWf #Banking #banks #investing #wealthmanagement #wealth #moneymarketfunds #financialhealth #financialwellness

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Today at 2pm EST: CFPB 1033 and Open Banking: Opportunities and Challenges for Banks Explore the potential of CFPB 1033 for open banking initiatives within your bank. You’ll learn how to leverage data sharing to enhance customer experiences, create new product offerings and navigate potential competition from fintech players. Also, discover the challenges and opportunities presented by the rule and develop strategies to capitalize on this evolving landscape. Register now:

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