Credit unions play an important role in the financial sector, providing access to credit and financial services to millions of people across the country. However, credit unions themselves face unique…
The House and Senate are in Washington, D.C., this week and will consider various legislation. Treasury Secretary Janet Yellen is scheduled to testify before appropriations subcommittees in both chambers to…
A group of bipartisan lawmakers led by Senate Housing, Transportation, and Community Development Subcommittee Chair Tina Smith, D-Minn., and Ranking Member Mike Rounds, R-S.D., last week introduced the CDFI Bond…
Last monthI shared some basic methodology using “back-of-the-napkin math” to address what your credit union is likely facing: falling used car values. In reality, what all auto lenders are experiencing…
You understand the power of making smart investments. It can give you freedom and flexibility to do what you want. For many, a college education is one of the smartest…
That’s right – your community bank or credit union is a living, breathing entity. It’s complex, it can be sick, it can be healthy and every part depends on the…
The news of recent bank collapses is troubling, especially as we grapple with the prolonged economic effects of the pandemic. Naturally, consumers are naturally concerned about the effects, and credit…
SRM’s Larry Pruss will speak with NAFCU Services CU Lab to catch up on guidance and regulation trends in the digital assets space – including the latest on enforcement actions…
I spent all of last week in Arlington with my team and a ballroom full of compliance professionals at our 2023 Regulatory Compliance School.It was a great time, and I…
League and credit union leaders engaged with members and consumers in the wake of recent bank collapses, assuring them that money in credit unions remain safe. Cornerstone League President/CEO and…
NAFCU, along with other trades,wrote to the CFPBThursday to request the bureau publish the data and analysis it used to justify its credit card late fees proposal. The organizations noted…
On March 14, CUESolutions provider Cuna Mutual Group hosted aSpecial market update: Bank crisis webinardiscussing the current state of the market related to the banking crisis. Since Tuesday, the stream…
Let's get to the first round of voting for the CUNA Mascot Madness bracket. We begin the three-week tournament with the East Region, which features Sammie the Sea Otter of…
The most entertaining sporting event in the country began this week: the NCAA Tournament – more affectionately known as March Madness. There’s nothing quite like flipping on the TV to…
For the past five years, PSCU has set out to gauge the state of payment preferences among credit union members and other financial institution customers (“non-members”) through annual research. Each…
As we have been saying for several of our previous quarterly economic updates, as inflation goes, so goes the U.S. economy. A quick and rapid descent of inflation will take…
Well, I didn’t see this week coming. From last Friday to today, unexpected things happened in financial services and morphed quickly. I don’t see that as abnormal. It really is…
CUNAlaunched a webpageto support and provide resources for member credit unions looking to highlight credit unions’ safety and soundness in the wake of the Silicon Valley Bank collapse. Credit union…
The Federal Reserve announced its FedNow service–which will allow participating credit unions the ability to send and receive real-time payments–will start operating in July. NAFCU haslong supported the Fed’s involvementas…
Today’s members want more tailored interactions.A recent study by AWSshowed that 50% of digital banking consumers expect their credit union to provide a highly personalized experience. In an increasingly digital…
MSU Federal Credit Unionknows college students. For 85 years, the $6.9 billion asset credit union in East Lansing, Mich., has served Michigan State University students, adapting as consumer behavior changed,…
The Community Development Financial Institutions (CDFI) Fund would receive a healthyfive percent increasein funding, or $17 million, in 2024 thanks to the Biden administration’s proposed$6.9 trillion proposed budget. TheCDFI Fund’s…
Are you getting a decent amount of traffic to your credit union website but not a lot of engagement? If you’re seeing visitors click through to a page only to…
Fintechs came onto the scene over a decade ago. Ever since,digital transformationandoptimizationhave been buzzwords in the banking industry. The emphasis on digital transformation picked up speed after the financial crisis…