Growing Non-Interest Income Through Credit Card Penetration
Credit Unions are increasingly looking to credit cards to help them expand share of their members’ wallets. Facing increased competitive pressure, Credit Unions are challenged to grow responsibly – often with limited analytical and technical resources. Additionally, many are mission-driven with a paramount focus on member responsiveness and inclusivity. What may not be clearly understood is that there are ways to open cards for those members who are traditionally unscorable without using a secured card. In this session we’ll examine:
- How pairing alternative data and traditional credit scoring can expand your card portfolio
- Extending card services to hard-to-reach populations
- Growing your card portfolio responsibly while expanding options to members
Erin Coleman from Filene will join our special guest, Zach Tondre from LexisNexis Risk Solutions for this informative webinar on a topic on the minds of many credit unions.