NCUA invites credit unions, educators, and others tosign upfor its new email newsletter on financial literacy. The Financial Literacy & Outreach Newsletter will focus on consumer finance and education, including…
NAFCU President and CEO Dan Berger Thursday met with Rep. Pete Aguilar, D-Calif., to discussthe association’s priorities for 2023and the outlook for the 118th Congress. Aguilar is the current House…
After watching their customers split the cost of happy hour tabs, share utility bills, pay rent and gift money using third-party P2P payment apps, several banks worked withEarly Warning Services,…
What will the economy look like in 2023? CUNA’s three economists joined theCUNA News Podcast this week to discuss all the economic signs they're seeing and what those signs mean…
For executives in the banking industry, “rates-up” environments are more of a blessing than a curse. In fact, they’ve wanted an upward movement in rates for a long time –…
When most people realize that they’ve racked up a significant amount ofcredit card debt, they usually have two thoughts. The first one is that they need get the debt paid…
January is one of the best months of the year. Fresh starts. New goals. Yearly predictions. The challenge, of course, is that by February fresh starts stall, new goals miss,…
Some peoplelove meetings, others certainly don’t. Regardless of your opinion, they purposefully bring people together and it’s up to leaders to ensure they are efficient and effective. In anarticleon Inc.com,…
The2023 GAC Crashershave been tapped from the largest applicant pool of credit union rising leaders in the program’s 14-year history. With 233 applications, the competition was tighter than ever before…
The CFPBissued a proposed ruleyesterday to requirenonbanks subject to its supervisory authority to annually register with the CFPB regarding their use of certain terms and conditions in form contracts for…
A critical issue for credit unions going forward will be the need to improve theirefficiency ratios. A big focus in doing so has to be on more effective revenue generation…
In today’s technology-driven world, many financial institutions are implementing the latest technology to keep up with the ever-evolving needs of their accountholders. While this is critically important, proven technology is…
The price of household heating like kerosene and heating oil remains so high it makes sense that credit unions in Maine are witnessing a rise in loan applications from members…
Recent economic conditions have significantly increased the likelihood of adverse selection. But what will separate FIs that thrive from those that merely survive? Informed risk management. Informed risk management requires…
Employment laws have become increasingly complex, requiring greater expertise and specialization from HR professionals. Finance is no exception; theSociety for Human Resource Managementfound that financial services workers had the second-highest…
It can be disheartening to see your credit score drop after a financial setback. Whether you missed mortgage payments, made the hard choice to file for bankruptcy or faced something…
In this episode,Karrie Drobnick, Chief Operating Officer atVerve, talks about growing and rebranding their credit union to spur robust growth. She also talks about creating a new personality for the…
CUNA and other organizations met with House Financial Services and Senate Banking, Housing, and Urban Affairs leadership staff Tuesday to discuss proposed changes to the Community Financial Development Institution (CDFI)…
Total consumer credit rose 7.1percent at a seasonally adjusted, annualized rate in Novemberand is up 7.9percent compared to a year ago. Revolving credit – primarily credit cards – rose 16.9percent…
Happy New Year! I love the beginning of a fresh, new year. On New Year’s Eve 2021, I started a new ritual for letting go of what didn’t serve me…
Change isn’t only necessary in the business world, it drives success. But the biggest obstacle to change often is internal. Many employees resist change, sometimes for reasons they can’t clearly…
As we turn the page on 2022, losses from fraud remain a significant threat for credit unions, their members and businesses. Consider that U.S. consumers lost a record$3.56 billion to…
Money is a resource we focus a lot on as leaders and profit isn't something we should be ashamed of. But sometimes profits aren't everything, we also have to take…
In late December 2022, the CFPBissued an orderagainst Wells Fargo requiring the bank to pay back $205 million in “surprise overdraft fees” charged and not reversed since January 2021. These…