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2008 recession. Interest rates are skyrocketing. Home prices are at historic highs. Inflation is at a high peak. And yet, we all know that the situation is more complex than what those three sentences could capture.\u00a0<\/p>\n[et_pb_section fb_built=”1″ _builder_version=”4.9.4″ _module_preset=”default” custom_padding=”0px|||||”][et_pb_row _builder_version=”4.9.4″ _module_preset=”default” custom_padding=”0px|||||”][et_pb_column type=”4_4″ _builder_version=”4.9.4″ _module_preset=”default”][et_pb_text _builder_version=”4.9.4″ _module_preset=”default”]<\/p>\n
Today’s world and economic outlook feel oddly parallel to the harsh reality of the 2008 recession. Interest rates are skyrocketing. Home prices are at historic highs. Inflation is at a high peak. And yet, we all know that the situation is more complex than what those three sentences could capture.\u00a0<\/p>\n
When speaking with leaders of credit unions across the United States, one thing remains constant \u2014 you want to do better this time, come what may.\u00a0<\/p>\n
Thinking back to the cult classic \u201cBack to the Future\u201d, we built a time machine\u00a0(model)\u00a0and booted our data science team back to the Great Recession so that we could put Zest to the test.\u00a0<\/p>\n
We wanted to know:\u00a0What if we could have navigated loan decisioning more sure of the risks we were taking and found more members who needed our support?<\/p>\n