3 routes to create lift in payments vendor agreements

by The CU Lab

Credit union leaders nationwide have been tallying up costs, making revenue plans, and setting budgets amidst a pandemic and recent election. While you’re gearing up to right-size staff and shrinking liabilities in 2021, take advantage of these three methods to find additional lift in your credit union’s payments vendor contracts.

Key Takeaways:

  • [01:43] Interchange is a big component of a credit union’s overall income. There are means to optimize that revenue. 
  • [09:51] Be prepared for credit. The credit unions have credit card portfolios and they need to have those positioned properly. Credit is a big revenue opportunity. 
  • [10:31] Credit is an opportunity that everybody needs to be looking at.  

 

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