Today every facet of financial services, is being restructured by technology. Innovative solutions are adopted by credit unions to improve member experiences, streamline operations and to thrive in the highly competitive market. In this industry insight Tech Pulse: The Latest Innovations in Credit Union Sector we will explore revolutionary trends and trailblazing technologies that are playing pivotal role in this movement of technological evolution.
As per new data collected by Wipfli for the State of Credit Unions report by surveying 100 C-level executives at credit unions across the U.S.
- In 2025, 76% of credit unions planned to increasetheir tech budgets.
- 25% of credit unions recognize adding digital products/features.
- About 5% of credit unions have AI-drivenloan decisioning and underwriting proficiencies.
- 92% of credit unions plan to embed fintech into their digital banking experiences.
As per Wipfli’s State of Credit Unions report 58% Credit unions stated that improving digital customer engagement is their top strategy.
In today’s tech-driven business setup, technology is no longer an option but a necessity. It’s vital for the satisfaction of members and organizational development. Credit unions can create a more tailored and exceptional experience for members by deploying innovative tools. Credit unions that adopt technology will succeed in the dynamic financial sector.
2025 state of credit unions report
7 credit union technology trends for 2023
