Rising prices and persistent inflation have, for many households, become a full-fledged cost-of-living crisis.A recent survey, however, found that many financial institutions are not rising to the occasion to support…
Data breaches, cybercrimes, compliance – oh my! It’s a lot think about and manage, but there’s no need to get spooked by these looming priorities. October is Cybersecurity Awareness Month,…
Credit unions no longer would be able to use aLow-Income Designationas acceptable documentary evidence of a primary mission of community development, under a proposal to be unveiled shortly by the…
“You’re fired.” It stings. Your Marketing Co. was recently fired from acredit union marketingclient. It’s hard not to take it personally. But every failure is a learning opportunity (which if…
The Federal Reserve issued itsfinal ruleamending Reg II’s debit card routing requirements, a rule CUNA, Leagues, and credit unions strongly opposed. It would require debit card issuers to offer two…
Last week, Federal Reserve Vice Chair Lael Brainard spoke at aFed-organized research conference at theFederal Reserve Bank of New York. In the speech, Vice Chair Brainard suggested she wants to…
Onboarding employeestakes time, especially for employees who are new to the workforce, such as Gen Z. Benefits plans can be complicated and challenging for brand-new employees, which is why they…
International Credit Union Dayis October 20, a time to celebrate the many contributions our movement has made to the communities we serve. Since 1948, the World Council of Credit Unions…
This holiday season, you jolly well better be prepared for more fraud. 1 – What is the risk? – Financial Fraud and holiday scams Fraudsters love holiday season. It’s the…
When it comes to leadership, are you a thermostat or a thermometer? My good friend, former colleague and mentor described me years ago as a “thermostat leader.” Since then, I…
Congress managed to keep much of the federal government and theNational Flood Insurance Programfunded before leaving for the campaign trail last week but punted on many major issues—either preferring to…
Earlier this year,we bloggedabout the Credit Union Governance Modernization Act (CUGMA), which was signed into law in March. As our previous blog discussed, CUGMA amended the Federal Credit Union Act…
We’re talking today about the Working Genius model, but I’m curious, has anyone ever said, “Nice going, genius,” to you? Have you said it to anyone? My answer? Yes and…
The number of Florida credit union branch closures decreased from more than 105 to roughly 73 over the weekend following the devastating impacts of Hurricane Ian. The League of Southeastern…
This week, NAFCU will continue to fight for industry priorities, most notably through fierce opposition of the House and Senate versions of the Credit Card Competition Act.Credit unions are encouraged…
Every credit union knows that artificial intelligence has long been used to detect fraudulent credit card transactions and score credit risk. A relatively new use is in customer experience—or member…
Imagine if there was a CUSO that paired your Credit Union with cutting-edge fintech solutions -– to help you implement leading technology faster, easier, and more affordable. On second thought,…
Credit unions have become significant competitors with banks and their presence should be a part of any bank merger evaluation, Federal Reserve Governor Michelle Bowman said last week. “Credit unions…
“Social media influencers.” You’re already cringing just thinking about them. After all, they’re just Instagram fashion models, video game fanatics and soccer moms with too much time on their hands…
Ever heard of the common debate between leaders and managers? While the two roles require different skillsets, it’s important that as executives, we can utilize both as we lead those…
Throughout September, Leagues and credit unions representing nearly every state have traveled to Washington, D.C., to bring the credit union difference directly to policymakers. Just about every congressional office met…
NCUA released itsannual report to Congresson the performance of minority depository institution (MDI) credit unions and the agency’s work to support them. MDI credit unions experienced growth in membership, assets,…
NAFCU President and CEO Dan Bergerwrote to Federal Reserve Board Governor Michelle Bowmanregarding her Wednesday speech discussing competition in financial services. In the letter, Berger highlighted that “NAFCU wholeheartedly agrees…
You don’t have to be Jewish to joinLighthouse Credit Union, the first new credit union to be approved in Ontario in more than a decade. “We will not turn anyone…