With the COVID-19 pandemic starting to fade and the supply chain finally achieving some normalcy, it was hoped we would enter a period of economic stability. However, with many global factors at play, including international politics and rising inflation, the Federal Reserve has had to raise interest rates at a pace not seen in a generation.

As credit unions navigate their members through their financial journey, they need the right Business Analytics strategy, expertise, and tools to provide the services and guidance members need as well as maintain their own profitability. Examples include: 

• Growing deposits to ensure adequate liquidity 

• Strategically pricing loans and deposits (based on member relationships) to ensure profitability 
• Products and services adjustments to meet higher rates 
• Proactive member interactions through Predictive Analytics