CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » Big data is a big deal for credit unions
Operations

Big data is a big deal for credit unions

Leveraging analytics will make credit unions more competitive, successful.

May 18, 2021
Ron Jooss
No Comments
Mark DeBree discusses big data and credit unions
Mark DeBree, Catalyst Strategic Solutions

Big data is indeed a big deal for credit unions, according to Mark DeBree, managing principal, Catalyst Strategic Solutions, who led a breakout session at the 2021 CUNA Finance Council Virtual Conference.

He says the competitive landscape has shifted for credit unions over the past 20 years as new competitors, empowered by technology, have emerged. “These competitors are operating in the lending space and they’re offering solutions.”

Meanwhile, traditional competitors are more efficient than ever, extending their reach to capture greater market share.

With data analytics, credit unions can leverage information to better serve their memberships and take advantage of existing opportunities for growth. Embracing big data in the age of technology allows credit unions to meet the competitive demands of the modern-day marketplace. 

“Using big data and combining it with data analytics is going to help us be more successful and become more competitive in our space, not just in the here and now, but for years ahead,” DeBree says.

► Visit CUNA News for more conference coverage and view event highlights on Twitter via the #FinanceCouncil hashtag. Learn more about the CUNA Finance Council, a member-led professional society for credit union executives, at cunacouncils.org.

KEYWORDS analytics CUNA Finance Council data

Post a comment to this article

Report Abusive Comment

Credit Union Magazine: Spring 2023

Spring 2023

Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.
Digital Edition •  Subscribe

Trending

  • CUNA Mascot Madness: Which mascots deserve a spot in the championship?

  • CUNA Mascot Madness: See the West winner and vote for the South champ

  • Compliance: CUs must register with ACH Contact Registry

Tweets by CUNA_News

Polls

Mascot Madness: Semifinal 1

Mascot Madness: Semifinal 2

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us