NAFCU Regulatory Affairs Counsel James Akinwrote to the Federal Reserveon Monday to offer support for implementation of the Adjustable Interest Rate (LIBOR Act), while noting that the Fed must be…
All industries are feeling the current shift in the economy, including credit unions. With rising inflation, increased consumer debt and hardships resulting from the pandemic, credit unions are seeing an…
Severe flooding has impacted eastern Kentucky since late July. The damage hit home for theKentucky Credit Union League(KCUL), as credit union members and communities were impacted directly by the flooding,…
As the summer winds down, the state of the economy weighs on the minds of many. But the news is not all bad as some measures of economic health have…
According to research and consulting firm Gartner, teams with high diversity and inclusion show better adaptability, work satisfaction, creativity and loyalty to their company. Diversity is incredibly important to increasing…
CDFIs have submitted applications requesting $32.1 million from theCDFI Small Dollar Loan Program—almost three times the amount of funding available, the Treasury Department announced Friday. Up to $11.1 million is…
NCUA is somewhat ambiguous of what it considers reasonable health insurance and has addressed this issue on a case-by-case basis. Along the way, NCUA has issued several NCUA Legal Opinion…
NCUA, in its role as liquidating agent, announced a $313 million distribution to more than 400 membership and paid in capital shareholders of the former Members United, Constitution, and U.S.…
Last week, the Federal Reserve Bank of Kansas City hosted its 2022 Economic Policy Symposium,“Reassessing Constraints on the Economy and Policy,” in Jackson Hole, Wyo. Federal Reserve Chairman Jerome Powell…
In May, theNational Credit Union Administrationissued a letter clarifying expectations regarding the adoption of emerging financial technologies—specifically,the use of distributed ledger technology. “The rapid emergence of financial technology is creating…
The two most important days of your life are the day you were born and the day you discover your true purpose in life, motivation speaker Milton Hunt says. Hunt,…
Food delivery giant DoorDash has confirmed a data breach that has left customers' personal information exposed to hackers,the company announced in a statement Wednesday. DoorDash stated that an "undisclosed number…
America’s Credit Union Museum (ACUM) has announced the inductees of their newest exhibit, “Credit Union Women Making History: Herstory,” which highlights a range of credit union women and their achievements…
In recent years there has been more reporting and recognition of the racial wealth gap — the growing disparity in the family wealth in Black households as compared to white…
People who aspire to lead at the top of organizations are plentiful. But although many are called, few are good enough to make it. The current (and past and most…
CFPB Director Rohit Choprais confirmed toaddress credit union attendees during NAFCU’s2022 Congressional Caucus. Credit unions can still register for the event, where attendees will engage lawmakers and regulators on a…
As the COVID-19 pandemic continues into its third year, many women continue to face outsized challenges in finding and maintaining stability, success and advancement at work because they are caught…
When developing programs that address members’ financial well-being, keep an important group in mind: your employees. “It’s highly likely that many if not all of your employees are members of…
Registration for the 2023 CUNA Governmental Affairs Conference (GAC) is open! Make plans to join us in Washington, D.C., February 26 to March 3, for the credit union movement’s premier…
At NAFCU, we pride ourselves on “extreme member service,” so a recent Mark Miller leadershiparticlecaught my eye. In the article Miller recounts a recent interview where he was asked the…
With rising interest rates, surging inflation, and a potential recession on the horizon, your borrowers are likely uneasy about the current economic landscape. The best way your financial institution can…
In the wake of economic instability andshifting financial winds, you’ve likely been a part of several discussions at your credit union or community bank that focus on ways to keep…
CUNA sent aletterto the National Credit Union Administration (NCUA) Board Wednesday sharing concerns credit unions and Leagues have raised regarding the Net Economic Value (NEV) Supervisory Test. “Credit unions across…
BadCredit.org recentlyfeatured NAFCU’s advocacy efforts in Washington, D.C., specifically diving into NAFCU’s history and how the association provides advocacy, compliance assistance, and education to help the credit union industry thrive.…