Clutch’s Post

Zark Mook, the savvy CEO of a billion dollar credit union, always had an eye for innovation. He knew his institution had the potential to rival the industry giants, but the question was how. Then he stumbled upon Quilo's Loan Syndication Platform, a platform that offered a chance to participate in loans from larger credit unions. These loans increased yield and dynamically adjusted flow. After implementing Quilo, Mook saw an immediate transformation. His credit union was suddenly performing best in class in his peer group by getting metrics like a 10b credit union. Not one to rest on his laurels, Mook took it a step further by integrating Quilo's GLASS - Realtime Continuous ALM. This move proved to be a game-changer. The platform provided real-time analytics, enabling Mook and his team to make smarter, quicker decisions around asset-liability management. Dynamically adjusting flow to improve yield, duration, concentration risk while solving more of his member's needs. Fast-forward to today, Mook's credit union is witnessing accelerated growth, a fortified balance sheet, and newfound member enthusiasm. In a sector where size often dictates success, Zark Mook and his credit union are proving that with the right tools and vision, even the underdogs can defy expectations and carve out their own success story. Boris Fuzayloff Mark Zook Matt Stephenson Tansley Stearns Don Shafer CU 2.0 Quilo Stacie Wyss-Schoenborn Ray Crouse Chris Otey #modernALM #continuousALM #loansyndication #cusocollaboration #nacuso #fintech #communitybanks #creditunions

Ever wondered how a credit union can transform innovative strategies into billion-dollar growth? With Datava, credit unions can stop wondering and start unlocking billion-dollar growth! 🚀 Wave goodbye to spare change and say hello to big gains! #CreditUnionMagic #BillionDollarGrowth #DatavaDelivers Curious about how growth can bring both challenges and opportunities? Check out this fascinating story on how one credit union partner navigated the ups and downs of expansion and emerged stronger with Datava's End-to-End Data Activation Platform: https://finop.us/GdfPI7

Once upon a recent time, five Credit Union CEOs found themselves at a crossroads. Each led an institution that was invaluable to its community but challenged to scale up individually. Their names were Sarah, Martin, Emily, Hector, and Raj. Facing challenges with limited loan portfolios, resources, and expertise, they knew they had to do something revolutionary. Then Raj introduced them to Quilo—a platform designed to streamline ALCO operations and redefine loan syndication. Motivated by a collective vision, they initiated a pilot program with Quilo. The platform's digital capabilities allowed them to make larger and more diversified loans through syndicating loans among themselves, sharing risks while still retaining their individual brand identities. But that's not all. Quilo's Generative AI gave them daily performance summaries. These weren't just numbers; they were actionable insights, contextualized by their own performance metrics and those of their peers, as well as current economic conditions. The results were nothing short of groundbreaking. Each credit union significantly expanded its loan portfolio while mitigating various financial risks. They had achieved what seemed like an impossible dream: scaling without sacrificing their unique qualities or operational excellence. This collaboration exemplified how credit unions, despite their size, can leverage fintech to navigate the ever-changing financial landscape successfully. And they all knew this was only the beginning. CU 2.0 Quilo Matt Stephenson Mark Zook Tansley Stearns Stacie Wyss-Schoenborn Boris Fuzayloff Chris Otey Don Shafer NACUSO #ModernALM #continuousALM #loansyndication #cusocollaboration #nacuso #fintech #communitybanks #creditunions

Thrilled to share MiniBranch's milestone: One year of driving digital excellence in the credit union industry! Their journey from an innovative startup to a key player empowering credit unions to dominate in the digital realm. Check out their success story and how they're setting new industry standards. #DigitalTransformation #CreditUnions #MiniBranchAnniversary

Frich Money’s goal of financially educating Gen Z continues to manifest in new, amazing ways. Check out info regarding Frich Money & credit unions at last weeks TruStage Fintech Summit! 🚀💚

Are you heading out soon to #ABACCB in San Antonio, TX? The content looks chock-full and will engage attendees with real use cases, and deeper insights into many industry issues and growth opportunities. Better yet, a few of the top-notch speakers are scheduled and ready to share their knowledge and experiences on topics such as Core, Data, Ops, and SMB Lending, including: 🚀 💹 Kate Gallo Megraw Kimberly Kirk Clay Adams Ed Manzi Joann Marsili, CFMP Jeff Marsico Christopher Richards, APRP, CAFP Loughlin Cleary #fintechbetter

I've been working in the credit union movement for 12 years. A third of my life, folks. 😯 And I am deeply humbled to have Gemineye - a disruptor in the credit union data analytics space - as a client for my agency 38th & Kip Studio. It feels so damn good to be a part of an organization that has NINE clients in Forbes Best Credit Unions in America. These credit unions are paving the way for a future where the entire credit union movement meets the needs of the modern consumer. Tech savvy, secure, community-focused, and better than any bank. A future where all credit unions, big and small, can thrive. A future where consumer misconceptions of credit unions are dispelled. And Gemineye is one of those helpers that is making it happen. By providing innovative (and I don't use that term loosely) solutions that bring affordable, flexible, and user friendly data analytics services to credit unions, they are planting seeds of technology that will sow a powerful future for the movement. 🌱 Let's get the shovel. https://lnkd.in/ezebKsMH

Meet Toreigh Stuart, CFA, CAIA speaker at #AssetRushxZurich! In a recent conversation with our moderator Damian Horner, Toreigh shared insights into the current lending landscape: 💡 “We have more opportunities today because banks have stopped lending. We're seeing higher interest rates that are tough on businesses and consumers, leading to more volatility. This opens up unique opportunities for us to invest and lend to great companies that we couldn't reach five years ago.” As banks pull back, Toreigh's team steps in, providing much-needed financing to dynamic entrepreneurs and businesses across various industries. This methodology ensures robust, stable investments in a volatile market. Join us at AssetRush to hear more about Toreigh Stuart's groundbreaking strategies and the unique opportunities available in today's lending landscape. 🎟️ Limited capacity - secure your tickets now: https://hubs.ly/Q02yf3Pq0 📅 Date: May 29, 2024

Double lunch and learn sessions today with Civista Bank Beachwood and Civista Bank Akron. Let us know if we can bring your team lunch and talk title!

My favorite topic was covered this week in Lending! Lending is what we as credit unions do best. Shout out to Coviance and Connor Sorge for sharing knowledge and showcasing that the right fintech partner can and will elevate our game!