The severity of a liquidity crunch for digital lenders cannot be overstated, as it poses significant challenges to their operations and the broader financial ecosystem. When liquidity becomes scarce, it…
Credit utilization basics Your credit utilization ratio is a percentage of how much credit you’re using compared to your total credit limit. It’s animportant credit score factor, so knowing how…
While everyone is telling you in your 20’s that you have your whole life ahead of you and you are young. Do not underestimate the importance of the financial decisions…
When cybercriminals are consistently evolving their tactics, ensuring the security of your organization’s data and systems has never been more crucial. The increasing sophistication of cyber threats demands that businesses…
Credit cards are ubiquitous these days. A whopping 82% of Americans have them, according to aMay 2023 reportfrom the Federal Reserve. So, for banks that want to keep their credit…
CUNA isconcernedthe Department of Labor’s overtime proposal—while it attempts to strike a balance between the 2016 and 2019 overtime rules—will have negative impacts on credit unions in rural and low-cost…
The CFPB Tuesdayannounced a $12 million orderagainst Bank of America for submitting false mortgage lending information to the federal government under the Home Mortgage Disclosure Act (HMDA). The bureau’s order…
A few years ago, we started working with a CEO who had only been in the role for a few years. They wanted to implement a professional development program that…
The credit union website development process sounds quite intimidating, especially if you lack an IT background. Words like “programming” and “code” make the process seem completely inaccessible. But don’t let…
Humans are naturally impatient creatures, yet we are forced to wait before we can enjoy the majority of our worldly pleasures. Trips to amusement parks consist of hours upon hours…
Generally, once a bankruptcy case closes, the bankruptcy judge issues an order of discharge and the debtor is discharged of all dischargeable debts. Once a debt has been discharged, a…
Are you ready to see what artificial intelligence can really do for your Credit Union or Community Bank, beyond the buzzwords and the hype? Forget the jargon and the tech-speak;…
Before I discuss this dysfunction between the board of directors and leadership at OpenAI and SECU, we must understand that today, a credit union is a technology company, not just…
CUNA and NAFCUsuggestedprinciples the Consumer Financial Protection Bureau (CFPB) should operate under and made other recommendations on the CFPB's structure, rulemaking, and more in a letter sent to the House…
The Federal Housing Finance Agency (FHFA)last week published its final ruleto amend several provisions in the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac, the government-sponsored enterprises…
Credit unions often provide a diverse range of loans to cater to the unique needs of their members. However, by strategically utilizing specific loan types, credit unions can experience accelerated…
Most people think of vacations as exclusively summertime activities, but if you’ve ever taken a vacation in the winter months you know how much fun it can be. Some people…
As the year draws to a close, credit unions have a prime opportunity to assess their digital marketing strategies and make necessary adjustments for the upcoming year. Let’s explore three…
There’s nothing quite like a Thanksgiving feast. The turkey, the potatoes, the stuffing, the cranberry sauce, the sides – your mouth waters just thinking about it! But your bank and…
Turbulent times loom as crises crescendo at home and abroad. Yet turbulence can catalyze positive change, too, when harnessed effectively. Brett King — renowned futurist, co-founder of Moven, and author…
CUNA, NAFCU, and other financial services organizationsrequestedthe Federal Reserve extend the deadline for its interchange proposal by at least 90 days in a letter sent Wednesday. The Fedproposedthe changes at…
In recently releasedminutesfrom the Federal Open Market Committee’s (FOMC) latest meeting, members indicated they would be hesitant to raise rates again, unless economic data indicated insufficient progress in lowering inflation…
According to statistics fromMcKinsey’s State of the Organization 2023, 60% of leaders believe organizational resilience willbecome more important in the future, yet only 14% of organizations have adopted a fully…
Is “ownership and economic opportunity for all” an idealistic pipe dream, or is it an achievable goal? Self-Help Credit Union would like to think the latter. Its mission statement embodies…