Responding to the pandemic forced financial institutions to accelerate years of progress into the span of just a few weeks; now the growing pains and disruption are just beginning. That…
What would an Apple bank account look like if the Big Tech company were to offer one? That was the question that well-known technology analystBenedict Evansposed recently on his Twitter…
Credit Union Awareness™ announced Monday the Your Money Further program is headed to Nevada. This expansion comes fourmonths after relaunching YourMoneyFurther.com – the only resource that connects more consumers directly…
The speaker lineup at NAFCU’s2022 CFO Summit, happening September 20-22 in-person in Annapolis, Md., now includes Mastercard United States Chief Economist Michelle Meyer who will discuss the current state of…
My regular readers understand this about me: Itryto be funny when I write. My wife likes to say IthinkI’m funny. I remember my high school band teacher, Mr. Cummins, liked…
According to the U.S. Census, women business ownership is on the rise. In 2018, women-owned firms made up only 19.9% of U.S. companies, but their numbers are growing. As someone…
We live in an uncertain world. Credit unions must deal with increasing levels of volatility, uncertainty, complexity and ambiguity. Navigating this environment requires strategic thinking and strategic leadership. Yet in…
The credit union, at its very foundation, has an obligation to include, educate, and be open and transparent with its members. After all, the credit union member is the physical…
Congressional Democrats are calling for federal banking regulators to stiffen rules governing theCommunity Reinvestment Act(CRA), but they are not pushing for the legislative changes that would make credit unions subject…
The Consumer Financial Protection Bureau (CFPB) recently issued aninterpretive rule(rule) to address digital marketing providers. Financial institutions such as credit unions may use these providers for advertising, which may also…
YourSocial Securitynumber (SSN) is one of the most important pieces of personal information you have. Not only does your unique nine-digit number enable you to receive benefits from the Social…
The National Credit Union Foundation announced theBiz Kid$ Showcase: a nationwide competition for young people age12 to 18. The initiative aims to raise awareness of credit unions, enhance financial literacy,…
NAFCU’s 75 employees gathered in-person for a two-day event where the leadership team and staff conducted strategy sessions on how to best serve credit unions and their 131 million members…
It won’t surprise you thatmember experience ranks as the top priority for 81% of credit unionsaround the globe. What might surprise you is what some are doing about it. Study…
While many wonder when we’ll return to a pre-pandemic world or figure out what the “new normal” will be, futurist Mike Walsh says people should focus their attention on what…
If you’re a sports fan, you may know that Major League Baseball’s trade deadline just passed. Each season as the deadline approaches, teams look at their current roster and map…
The COVID-19 pandemic accelerated the credit union industry’s commitment to digital transformation and the adoption of more modern technologies to meet the demands of today’s members and protect data. As…
With a recession on the horizon, the landscape for financial institutions will become more difficult for the rest of 2022 and into 2023. Rising delinquencies, tighter margins driven by an…
Financial institutions, including credit unions, may violate consumer protection prohibitions against unfair acts or practices if they have insufficient data protection or information security programs, the CFPB announced Thursday. In…
Ever get caught up in a game of tug-of-war with competing demands? As organizational leaders, this often brings about questions of today vs. tomorrow, productivity vs. costs, and more. Specifically,…
CUNA, Leagues, and credit unions engaged with hundreds of state lawmakers from around the country over the last few weeks at the American Legislative Exchange Council (ALEC) in Atlanta and…
In amessage to members,NAFCU Vice President of Legislative Affairs Brad Thaler highlighted the association’s recent advocacy initiatives onCapitol Hillregarding important credit union topicsand encouraged credit unions to engage with lawmakers…
Credit unions serve as financial intermediaries to members who need money they don’t yet have (borrowers) as well as those who have money they don’t yet need (savers). As such,…
You know that postal banking pilot program that has had financial services trade groups andcongressional Republicans furious? Nobody’s using it. The US Postal Service on Tuesday released its financial reports…