What credit score is needed to buy a car?
A car may be one of the biggest purchases you’ll ever make, so it’s important to feel confident you’re getting a good deal. Your credit can play an important role…
A car may be one of the biggest purchases you’ll ever make, so it’s important to feel confident you’re getting a good deal. Your credit can play an important role…
The U.S. Agency for International Development/World Council of Credit Unions’ (WOCCU)Economic Inclusion Projectintroduced to more than 100 representatives of Peru’s financial sector a formal guide that will help them identify…
On a seasonally-adjusted basis, overall consumer prices rose 0.4 percent in February, with the overall consumer price index (CPI) growing 6 percent year-over-year. NAFCU Economist Noah Yosif analyzed the data…
Leaders have a huge impact on our employees’ state of mind. Virtually everything we do and say elicits a psychological reaction. We can make them feel positive, engaged and empowered,orwe…
Sometimes the perfect message is hidden away and hard to discover. Sometimes the right messaging opportunities are staring you in the face. But your community bank or credit union marketing…
Banking just isn’t the same as it used to be – products, people, and technology have all evolved. While at the end of the day the goal is the same…
Astudy of 10,000 millennials showed the four most hated brands were banks. This is probably why many of us have turned to alternative nonbanks and startups. However, credit unions are…
Small businesses are the backbone of America. But, too often, they partner with banks that don’t offer the personaltouch, care or attention their business deserves. In this episode, we speak…
What type of member information can be shared? Who can we share member’s information with? When can we share member’s information? NAFCU’s Compliance Team regularly fields these types of questions…
The collapse of Silicon Valley Bank last week is the second largest failure of a financial institution in U.S. history. The bank was shut down and put under the control…
AsPresident Joe Biden, lawmakers, and regulators Monday continued to address thefailings of Silicon Valley Bank (SVB) and Signature Bank, NAFCU President and CEO Dan Berger sent a message to member…
Credit unions are facing a difficult people problem, and it may not be the one that immediately comes to mind. While labor shortages and other Great Resignation-style woes continue to…
On the path to building healthy credit, you may find yourself with questions. TransUnion is here with answers to help you build confidence about credit scores and credit reports as…
Amid uncertain economic conditions, credit unions and their members are expected to see a surge in fraudulent activity in 2023. Fraudsters have become more sophisticated and have adapted quickly to…
I was recently having a conversation with a credit union CEO about the obstacle that is keeping credit unions from growing and attracting younger members to theircredit union brand. “Often…
Succession planning is one of the most pressing issues for today’s credit unions. Too many have aging executives and board members without skilled people ready to take control once the…
Despite the economic headwinds credit unions are facing right now, they’re also entering one of the most significant transformational periods the industry has ever experienced. This is largely due to…
The National Credit Union Foundation (the Foundation) published aPhilanthropy Toolkit—a resource designed to help credit unions maximize their community impact and align philanthropic activities to strategic objectives. The toolkit, available…
The Bureau of Labor Statistics (BLS) issued the latest jobs report Friday, which revealed that the unemployment rate rose to 3.6 percent in February. NAFCU Chief Economist and Vice President…
In 2023, new vehicle inventories are finally projected to begin returning to normal. Following a record-high average price for new vehicles, auto lending is set to have an interesting year,…
Vote now forCredit Union Magazine's2023 Credit Union Hero of the Year. The four finalists are: Amanda Merz, community impact manager at $4.6 billion assetSAFE Credit Union, Folsom, Calif. Michael Ray,…
Signature Bank, a New York-based regional bank that became a leader in cryptocurrency lending, shuttered suddenly on Sunday, marking the third-biggest bank failure in U.S. history just two days after…
The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking –a bank run…
Payments fraud is a persistent threat for credit unions and their members that is poised to grow even more acute in the next few years. Fraud experts predict the financial…