As executive director at theAssociation of Black Economic Power(ABEP) in Minneapolis, Debra Hurston is dedicated to removing social stigmas and finding financial solutions that allow Black residents of her community…
Credit unions have long been a staple in local markets serving communities that have been historically underserved by traditional financial institutions. Like banks, credit unions accept deposits, make loans, and…
All businesses go through various stages in their existence--credit unions included. After you open your doors and have some time to get things running, you naturally start to expand. Over…
The credit union system is fantastic for its peer networking groups and sharing of knowledge and best practices. While the point of these is to share challenges and ideas for…
In an early February NCUA issued Letter to Credit Unions23-CU-02, outlining risk factors linked to credit union service organizations (CUSOs) originating business, consumer mortgage, student, and credit card loans. NCUA…
Worldwide Foundation for Credit Unions, in partnership with World Council of Credit Unions, Thursday launched itsTurkish Cooperative Earthquake Relief Fundto solicit donations in support of Turkey’s cooperative movement, which has…
The NCUA Boardmeets next weekand is set to finalize the rule related to cyber incident notification requirements. NAFCU offered recommendations on the proposed rule to improve clarity and reduce regulatory…
Jim Woodrum believes that credit unions have “Hotmail directors in a WannaCry world.” In case you’re not familiar with these technologies, let’s break it down. Hotmail was a web-based email…
While Chris Oldag didn’t spend all of his time lending as a credit union leader, he now has much more time to devote to the people and activities he loves…
Each yearCredit Union Magazinehighlights four nominees for the Credit Union Hero of the Year, individuals who go above and beyond every day in how they live the credit union difference.…
Delinquency and collections are an inevitable part of the lending business, especially as we head into an economic future dominated by inflation and high interest rates. Delinquent accounts present cash…
Everyone knows the phrase, “it’s just business, nothing personal.” As I’ve learned through the years, this simply isn’t true. Business is personal. In anarticleby Donda Mullis onFast Company, she explainedthat…
For many of us, the beginning of a new year means taking up new habits and goals, often around working toward a healthier lifestyle. We vow to get enough sleep,…
The Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) released a joint Cybersecurity Advisory (CSA) in response to the ongoing ransomware campaign, known as “ESXiArgs.”…
Total consumer credit rose 2.9 percent at a seasonally adjusted, annualized rate in December and is up 7.8 percent compared to a year ago. Revolving credit – primarily credit cards…
Now’s the time to prepare for managing increased loan workouts and loan modifications. Loan performance since the pandemic has remained strong across many U.S. financial institutions in recent quarters, but…
This episode of the CUNA News Podcast highlights Black History Month, recognizing the significance of Black leadership within the credit union movement and sharing the promise of a new credit…
Ask any financial expert what you have to do to control personal finances, and they’ll tell you the first step iscreating a budget. For that matter, they’ll probably tell you…
Todd Harper, chairman of the National Credit Union Administration, recounts a story he heard not so long ago from a federal credit union examiner who came across a very small…
Dear Credit Union Listeners, if you're thinking of dismissing Bitcoin and not making it an option for your members, you may be missing the big picture. Your members didn't stop…
As we blogged about lastNovember, the CFPB is on a quest against “junk” fees. So far, this has includedregulatory enforcement actions,guidanceon surprise overdraft fees, andguidanceon depositor fees. Recently, the CFPB…
Credit unions would like tobuild on draft legislationdiscussed by a House Financial Services subcommittee to solve the many problems causing banking deserts, CUNA wrote Tuesday. CUNA sent its letter for…
President Joe Biden gave his 2023 State of the Union address Tuesday evening. While much of the speech provided insights into how the administration is working to strengthen the U.S.…
Most managers don’t receive any formal training before being promoted into a leadership role. That was certainly the case for me. My first official leadership position was a supervisor for…