Although reports indicate that the U.S. produced528,000 jobs in July, those paying attention to recent headlines are well aware that the economy is on the cusp of another recession. Inflation…
Raquel Juarez brings 20 years of experience and a diverse skill set toArbor Financial Credit Unionin Kalamazoo, Mich. The new senior commercial lender, who washired this summerat the $850 million…
P2P online and payment app fraud attacks continue to rise within financial institutions across the country.Listen as Ann Davidson of Allied Solutions sits down with Randy Salser to speak in-depth…
The popularity of faster payments in the U.S. is growing at an accelerated pace. Not only are customers expecting their goods and services on-demand, but they’re also relying on digital,…
In an environment characterized by high inflation and rising rates, many lenders tend to tighten their credit policies. However, credit unions like The Atlantic Federal Credit Union (The Atlantic) are…
For decades, Walmart has prided itself on its low prices. They’re virtually unbeatable. But those staggeringly low numbers they call prices aren’t so eye popping anymore. It’s the much larger…
The purpose of the Suspicious Activity Report (SAR) is to report known or suspected violations of law or suspicious activity observed by financial institutions. A complete, sufficient, and timely SAR…
CECL. It’s a four-letter word that fills credit union officials with dread. It’s an accounting standard that few people understand that was issued by an accounting board nobody ever heard…
Five credit union-friendly candidates won their primary races in Delaware, New Hampshire and Rhode Island Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 333 credit union…
Two pro-credit union lawmakers yesterday joined NAFCU during the 2022 Congressional Caucus. Representatives Ed Perlmutter, D-Colo., and Tom Emmer, R-Minn., bothrecent awardees of the NAFCU Credit Union Champion awards,spoke on…
The past month has been challenging for my family. My nine-year-old son has been sick since early August, and we have been visiting many doctors. He has had several medical…
Recent trends in the auto lending market have unlocked a unique opportunity for credit unions to help both existing and new members save money on their car loans, especially during…
The uncertainty in our current economic environment has caused some lenders to tighten their approach to credit and pull back from some lending activities. However, I believe that this is…
The world of finance and lending has recently begun to experience the innovations of the digital world that have been widely felt across other sectors. However, while global industries have…
The success of infusing financial inclusion and health opportunities into the United States’ low-income designated credit unions continue with the announcement of the NCUA’s Community Development Loan Fund grants! The…
Hello everyone! My name is Tara Simpson, and I hail from the great state of Michigan. I am a new Regulatory Compliance Counsel at NAFCU, and I’m excited to bring…
The NCUA does a good job of nurturingMinority Depository Institutions(MDIs) but fails to ensure that those institutions continue to meet MDI requirements, the agency’s Inspector General said, ina report released…
CUNASenior Economist Dawit Kebedeissued the following statement in response to the Labor Department’s August Consumer Index Report: “The headline inflation increased slightly by one-tenth of a percentage point in August after…
Monday, former New Jersey Governor Chris Christie provided akeynote addressto attendees at NAFCU’s 2022 Congressional Caucus. Christie focused his remarks on the state of politics in the United States ahead…
The past couple of years have brought many changes in the credit union space. Member expectations have shifted, with consumers now demanding modern digital banking experiences. Members are also using…
Early in the COVID-19 pandemic, leaders took quite a refresher course in how best to communicate with employees. I’ve spoken to executives from a variety of industries on five continents,…
Professional football is back! While watching the first weekend of the regular season, it occurred to me that there are strategic similarities between the fundamentals of football and fraud prevention.…
Let’s play a little word association game. When I say Gen Z marketing, what word comes to mind? Does digital immediately leap into your head? While this response does describe…
Digitization and the widespread use of cashless finance already offer a low-cost option to efficiently expand any financial business, but the metaverse will go much farther. The development of the…