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…
Greetings, Compliance folks! The joy of the holiday season is upon us – decorations adorn most buildings, holiday music is playing in stores, and kids (including my own) are eagerly…
People are still joining credit unions. That’s one of the main takeaways from the NCUA’sQuarterly Credit Union Data Summary for the third quarter of 2022, issued by the agency last…
When it comes to influencing policymakers in Washington, DCUC is constantly on the move. Even though much was accomplished in 2022, we’re already looking ahead to next year. And if…
Total loans outstanding in federally insured credit unions increased $235 billion, or 19.2%, over the year ending in the third quarter of 2022, to $1.46 trillion, according to NCUA's latest…
Total consumer credit rose 6.9 percent at a seasonally adjusted, annualized rate in October and is up 8.1percent compared to a year ago. Revolving credit – primarily credit cards –…
Credit unions tend to lend more than banks during times of crisis, as they are driven by their mission of continuing to support their communities. For example, during the pandemic,…
I’m inside credit unions and community banks a lot. All year long, coast-to-coast, small institutions, large institutions, simple and complex. One common question I’m often asked regardless of the size…
CUNA, American Association of Credit Union Leagues (AACUL), and Leagues gathered in Charleston, S.C., this week for AACUL’s winter meeting. It was a great gathering of credit union leaders, all…
Transaction fraud continues to be a top risk for financial institutions across the country. We are back with our fraud expert and Allied Solutions Vice President of Risk Consulting, Ann…
In my previous quarterlyprojections, I called for a recession to possibly begin as soon as the fourth quarter of this year (current quarter) and is more likely to occur in…
Over the years, I’ve written a lot about the concept of “purpose” – for example, how to find your organization’s purpose and how to ensure it is what drives you…
CUNA supports the Consumer Financial Protection Bureau’s (CFPB) inquiry into the tech companies’ payments practices and strongly encourages the bureau to carefully examine and regulate these entities moving forward,it wrotein…