In late August of this year,Inclusiv/CapitaldirectorCathi Kimhad theopportunity to attendthe initial Native American Financial Institutions Gathering discussing the subject of Native CDFIs at theCenter for Indian Country Developmentin Minneapolis. What…
Once relatively rare, fiduciary liability litigation is on the rise across the country: In 2019, participants in Anthem Inc.’s 401(k) plan reached a$23.7 millionsettlement in an ERISA fiduciary breach lawsuit.…
CUNA Senior Economist Dawit Kebede issued the following statement following the Federal Reserve meeting Wednesday: “The Federal Reserve Open Market Committee (FOMC), as expected, raised the federal funds rate by…
NAFCU Vice President of Legislative Affairs Brad Thalerwrote to the House Financial Services Committee (HFSC)ahead of today’sCFPB oversight hearing. In the letter, Thaler expressed NAFCU’s “thoughts on some current issues…
In mylast column, I sharedbest practices for writing an effective annual performance review. In this post, I will provide strategies for making the evaluation meeting more comfortable, conversational, and meaningful.…
As instant payments grow worldwide, so do the opportunities for fraudsters to strike. In a recent webinar with Alacriti,Mark Majeske, Senior Vice President of Faster Payments at Alacriti, andBrian Riley,…
Time. It's simple but it is so important. Leaders have the unique ability to control their time. That's why it's so important to replace 'I didn't have time' to 'that…
Many credit unions offer traditionally underserved members an advantage in not just banking, but financial planning. One crucial asset they can offer is financial education, providing not only a way…
The CFPB on Monday proposed requiringnonbank financial firmsto register with the agency when they are subject to consumer protection agency or court orders. The registry, which one consumer advocate called…
Occasionally NAFCU will receive questions from credit unions regarding converting from a state to a federal charter. If your state-chartered credit union ever makes this decision, I’ve included some helpful…
The failure of FTX, and the numerous other crypto companies over the last year, has made crystal clear the need for a comprehensive regulatory framework to govern the digital assets…
In a letter sent Monday, NAFCU's Brad Thaleroutlined credit union priorities for the House and Senateas they consider an end-of-year government funding package and conclude legislative work for the 117th…
The NCUA has placedRichmond City Employees Federal Credit Unionin Richmond, Indiana, into conservatorship, agency officials announced Monday. They said the conservatorship was needed due to unsafe and unsound practices at…
Cardholders, whether referring to debit or credit, will likely use their cards because of the benefits that are offered to them. These benefits will increase member satisfaction, help make your…
I’m often asked by credit unions that are looking to work with our team this very question: “How long before I see my credit union marketing start to work?” It’s…
This is the comment George would have written about the Vermont State Employees Credit Union merger proposal with New England FCU. We all remember George Bailey from the holiday film…
Many financial institutions have simultaneously set goals of becoming “mobile-first” and reducing costs by trimming their branch systems. But there are downsides to such thinking that may not be adequately…
As any parent will tell you, a baby’s name is important. And the process might be…long, to say the least. The parents make lists, have disagreements and after much exploration…
The House and Senate are in session this week, and the Senate will consider nominations and the FY2023 National Defense Authorization Act. Federal government funding is also scheduled to expire…
The Office of the Comptroller of the Currency (OCC) released itssemiannual risk reportlast week, which found that interest rates, cybersecurity, compliance, and loan portfolio performance are among the top risks…
My wife and I purchased a new living room set after almost 25 years. It looks great and fits nicely in our living room. However, after a week of sitting…
Identity theft happens when fraudsters use stolen personal information for their own gain. These thieves may open up new lines of credit, withdraw money from your current accounts or get…
Across all industries, organizations are responding to consumer and investor concerns about sustainability and emissions standards. In financial services, regulators are even urging institutions to assess climate-related financial risks. In…
This started as a LinkedIn post. However, as I kept adding explanations, it became obvious…this is an article. As an industry, credit unions need to understand what is and isn’t…