Protect your credit union’s future with a People Development Life Cycle
What is your credit union’s long term vision for its staff? Maybe you think you have things under control—you have a strong team with a mix of backgrounds and experience.…
Syndicated
CUNA announces Robert Lewis as new EVP/chief advocacy officer
CUNA announced Robert Lewis has been hired as its new executive vice president and chief advocacy officer. Lewis, the founder and president/CEO of the Van Aucker Group, has more than…
Fed adopts final rule to replace LIBOR
The Federal Reserve Board Fridayadopted a final rulethat identifies benchmark rates based on the Secured Overnight Financing Rate (SOFR) to replace the London Interbank Offered Rate (LIBOR) in certain financial…
Lending Perspectives: A Christmas wish list
My closest friends and employees know a few things about my love of Christmas, one of them being that my wife and I open a storage bin of Christmas DVDs…
How credit unions can grow membership amidst liquidity challenges
It’s no secret that more and more credit unions are facing liquidity challenges – many are loaned out with more low yield, longer-term assets on the balance sheet than they…
Advocacy in 2023 and beyond
The divided government in the next Congress presents unique opportunities for credit unions because we’ve spent years building up trust on both sides of the aisle. We represent the chance…
What’s the best way to get more small-business loans today?
The rising interest rate market means spreads are back—and credit unions, like other financial institutions—will be looking to make loans. However, rising rates also mean the end of the mortgage…
FSOC: NCUA’s lack of third-party oversight power poses risk to system
TheFinancial Stability Oversight Councilon Friday again called on Congress to give the NCUA supervisory powers over credit unions’ third-party service providers. In adopting its annual report, the council said that…
CFPB highlights low SCRA benefit utilization among military reserves and guard
On December 7, 2022, the Consumer Financial Protection Bureau (CFPB)releasedareportdetailing how few active duty reservists or active duty national guard members take advantage of theServicemembers Civil Relief Act(SCRA) benefits. The…
Spoken-word poet, inspirational speaker Sekou Andrews to open CUNA GAC
Sekou Andrews, creator of Poetic Voice speaking, will provide the openingEd (Filene) Talkat 2023CUNA Governmental Affairs Conference(GAC).Thesession is sponsored by CUNA Councils. Seamlessly blending inspirational speaking with spoken word poetry,…
Berger blasts NCUA for approving ‘egregious’ budget increases
The NCUA Board met for their final meeting of 2022 to discuss the Share Insurance Fund (SIF), the proposed rule related to financial innovation, and the agency’s 2023-2024 budget. Notably,…
Congratulations to the September ’22 DE Class
54 credit union leaders from across the United States, Kenya, and the Kingdom of Eswatini were designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s…
Independence critical for supervisory committee
While many view the board as the heart of the membership, the supervisory committee is its eyes and years, ensuring the credit union follows its policies and procedures, internal controls,…
Taking the chance out of innovation with innovation as a service
Great innovations don't come along every day. And, usually, these ideas can't be fully realized unless the right conditions are met. Funding needs to be available, key players need to…
Back to the basics: The ancient practice of leadership
I am a big proponent of self-reflection as a way to strengthen relationships with my teams. With 2022 coming to a close, I wanted to take some time to reflect…
Surveying the 2023 economic landscape for financial institutions
Without a doubt, the economic story of the past year has been the highest inflation in decades. Not only is it impacting current financial and economic activity, but it is…
Together, we raised $4 million for CMN Hospitals this year
As we celebrate the season of giving, we are reminded of the amazing contributions credit unions make each year to their local communities. Once again in 2022, Co-op Solutions and…
NCUA slashes $6.7 million from 2023 budget
Having beenattacked by trade groups for proposed budget increases, the NCUA board on Thursday approved a spending plan that slashes $6.7 million from the document presented earlier this year. The…
NCUA sets 2023 NOL at 1.33%, approves budget lower than proposed
The NCUA Board issued a proposal regarding the purchase of loan participations and set the 2023 Normal Operating Level at 1.33% (same as 2022) at its Dec. 15 meeting. The…
Berger meets with key leaders on Hill as lawmakers work on funding package
NAFCU President and CEO Dan Berger spent Wednesday on Capitol Hill meeting with credit union champions, including House Majority Leader-elect Steve Scalise, R-La., and Rep. Roger Williams, R-Texas, to discuss…
Inside Marketing: How to create more relatable content
Ready for an astounding fact? According toSiteefy, 1.5 quintillion bytes of content are created every day. That number is expected to increase by 25% in 2022 and more than double…
Marketing mouthy: Podcasts, bundling media buys & working smarter from the outside-in
You know your Credit Union needs to rethink its marketing strategy going into 2023. But how, exactly, are you going to do marketing differently? To help you answer this question,…
House Republicans and CFPB’s Chopra clash during testimony
CFPB Director Rohit Chopra on Wednesday received a decidedly hostile reception from Republicans during his end-of-year testimony before theHouse Financial Services Committee. “You are changing the law,” Rep. Andy Barr,…
How to give the perfect gift without breaking the bank
Everyone knows that theholidays are expensive, and one of the biggest expenses is buying gifts for everyone. You don’t just want to buy any old gift, though. You want to…