Q3 State of Lending eBook


A combination of high inflation, rising interest rates and uncertainties surrounding economic recession have caused some credit unions to scale back on digital transformation initiatives and tighten their credit standards. However, credit unions need to be doubling down on digital transformation efforts and seeking new areas of opportunity in order to achieve their desired return targets. 

AI and machine learning models offer a more targeted approach for assessing member creditworthiness. By considering macroeconomic factors such as unemployment rates while offering credit unions full control over risk and returns, AI and machine learning enables credit unions to stay profitable during challenging times while creating a more inclusive lending system. 

To learn how AI and machine learning can deliver the greatest long-term value for the business and best serve member expectations during macroeconomic uncertainty, download the State of Lending eBook. 

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