Source: AdobeStockThe new year is off to a busy start, and credit unions have a long to-do list. A series of interest rate hikes, regulatory oversight, and increasing personnel and operational costs are top of mind for most institutions. When planning for the rest of 2023 and beyond, credit unions must take a hard look at third-party contracts, while keeping other key considerations in mind.
Staffing issues will continue, and artificial intelligence could help address this ongoing concern. Frontline workers, especially contact center reps and tellers, feel the pain of short staffing. Employees are more likely to embrace the relief that AI can provide as it becomes clear the tech will not lead to massive layoffs.
