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Credit Union Magazineis seekingnominations for the 2023 Credit Union Hero Award. The 2023 Credit Union Hero of the Year will be selected via online poll by the readers ofCredit Union…

The Bureau of Labor Statistics issued the October jobs reportonFriday, which revealed that the unemployment rate rose slightly to 3.7 percent during the month. NAFCU Chief Economist and Vice President…

For many years, we’ve written about our belief that the global economy is akin to a living organism that progressively adapts to its changing environment. In that regard, Darwin’s theories…

Asset/liability committee meetings are an opportunity to create compelling collaborations that are interesting, relevant, and result in better member value and better asset/liability management—plusput a check in the compliance box.…

Despite rapid adaptation in most industries and a track record for success, the banking sector and financial services have been much slower and more cautious about cloud adoption and cloud…

Accusing the largest banks of using high interest rates to help their investors, Sen. Jack Reed, D-R.I., wants to know why bankers are increasing interest rates on loans, but not…

Life insurance can play a vital role in your members' financial well-being but often there is a growing gap between the life insurance a member needs and the life insurance…

On the heels of a late Septemberregulatory enforcement actionagainst Regions Bank, requiring the financial institution to pay $191 million dollars for charging consumers “illegal surprise overdraft fees,” the Consumer Financial…

Even prior to the pandemic, consumers were moving towards personalized banking as their go-to for financial transactions. It turns out thatdigital preferenceis here to stay, encouraging credit unions to accelerate…

Citing growing concerns expressed in chats on its HR Network by credit union executives, Bill Nagle, SVP of professional development at the Cooperative Credit Union Association (CCUA) stepped up to…

NAFCU Regulatory Compliance Counsel Dale Bakeroffered commentsin response to the Treasury Department’srequest for comment (RFC) on the responsible development of digital assets, expressing support for Treasury and other regulators applying…

Every employee wants to feel valued, respected and that they have a voice. The different perspectives that people bring to a project and the innovative ideas from those diverse perspectives…

In September,Credit Union Magazineannounced the 25 winners of theCredit Union Rock Starprogram, sponsored byFiserv. The 10th-annual Rock Star class recognizes unique, innovative, and creative credit union professionals who excel and…

The payments landscape continues to rapidly evolve with the uncertain economic outlook. For the fifth year in a row, PSCU set out to gauge the current state of payment preferences…

Your borrowers expect a wide range of valuable services that are timely and relevant in today's economy. For example,Guaranteed Asset Protection(GAP) coverage gives them a safety net if their vehicles…

Feedback is an essential component of any team structure. As leaders, it is important to offer your team helpful feedback to improve workflow, processes, and behaviors. It is equally important…

The ten-year cost of the federal credit union tax exemption has grown by $9.4 billion since December, the Treasury Department said in an update on the cost of tax expenditures.…

Credit union diversity, equity, and inclusion (DEI) efforts are part of the credit union movement, whether internally, or how credit unions serve communities, panelists said Wednesday at NCUA’s DEI Summit.…

The Federal Open Market Committee (FOMC) held its November meeting this week, where the Federal Reserve raised the federal funds target rate by 75-basis points to a range of 3.75…

TheMilitary Lending Act, first enacted in 2006 and amended in 2015, provides financial protections for active duty servicemembers and their eligible dependents. MLA caps interest rates on consumer loans to…

t was perhaps the scariest 15 hours of his life, but Larry Perino took away valuable life lessons from the hours he spent guarding and protecting a downed helicopter. Perino…

Open enrollment season has officially begun. The period from Nov. 1 through Jan. 15, 2023, marks the busiest time of year for many HR leaders and business owners. According to…

Credit unions have a unique advantage in helping members access the best possible products through a great member experience. Fintechs have a distinct advantage in cutting-edge technology and working with…

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…