Bitcoin. Virtual reality. Artificial intelligence.
All are technologies that have the capability of shaping the future of the credit union industry, and organizations need to find the right talent to keep up with the changing landscape.
“Credit unions are the original innovators but how do we continue to innovate?” asks John Best, CEO of Best Innovation Group. “The most important asset of a credit union is the people. We have the people and the people create the place.”
Best explained new technologies, how they will impact credit unions, and how credit unions can attract the talent needed to deploy these technologies during the 2022 CUNA HR & Organizational Development Council Conference Tuesday in Orlando.
“If we don’t become nimble and adapt, we will cease to exist,” Best says.
Emerging technologies include:
To take advantage of these new technologies, Best says credit unions must have a culture that supports employees. Credit unions, which have a history of collaborative, open cultures, have a great opportunity to attract the tech talent needed.
IT employees have cited limited career paths, lack of workplace flexibility, and toxic work environments as top reasons for leaving jobs during the Great Resignation, Best says.
“Culture is the most important aspect,” he says. “Nobody wants to work where they feel they don’t fit in.”