The Senate Banking Committee heard firsthand on Tuesday about the cannabis industry’s challenges in accessing the U.S. financial system—obstacles that have scared banks away from dealing with the industry and…
From 2008 to 2018, 5,056 banks and credit unions merged -- that is approximately 459 per year, 38 per month and more than one per day over an 11-year period.…
Vantage West Credit Union($2.1B, Tucson, AZ) has offered commercial loans since 2011 and commercial deposit accounts since 2013. The cooperative’s strategy of building relationships, not products, is paying off. According…
I’m often asked, in my role as a performance strategist, “Should our organization have performance standards in place?” I usually I respond with a question of my own, “Why do…
Rachel Pross, Chief Risk Officer at Maps Credit Union, Salem, Ore., will testify on CUNA’s behalf before the Senate Banking Committee Tuesday during a hearing titled “Challenges for Cannabis and…
The CFPB, Federal Trade Commission and 48 states, the District of Columbia and Puerto Rico yesterday announced a $700 million settlement with Equifax related to its 2017 data breach that…
When we work with credit union boards, and in particular with chairs, we’ll often start by asking the provocative question, “Should boards manage?” Immediately the resounding response, of course, is…
Senate Banking Chairman Mike Crapo (R-Id.) on Tuesday appeared to link legislation allowing marijuana banking to a proposal to outlaw an Obama Administration initiative that he said allowed banks and…
Data analytics is no longer available only to massive technology corporations and big banks. In fact, with access to enough data, even smaller credit unions can join the fun. With…
Within the U.S. payments system, tenacity is turning into the new central narrative. No longer are fraudsters satisfied by assuming another person’s identity – they are now focused on creating…
Recent estimates by Barclays suggest the U.S. cannabis market — were it legal today — would be worth nearly $30 billion in annual sales and primed to grow by an…
Eight times so far this year a credit union has bought a bank, according to Credit Union Times’ count. Some deals are small – Verve for instance paid $43 million…
When a new marketing officer took over at a large community bank, she fit right in on the institution’s retail side, but she couldn’t get any traction with the business…
When a brand new member takes the time (and it’s usually on their lunch hour) to walk into your branch to “move” their checking account - there is no bigger…
Consumers in Kansas and Missouri started seeing Open Your Eyes to a Credit Union® materials Monday as CUNA’s Awareness initiative officially expands to those states. Already active in North Dakota,…
Financial institutions around the world are being targeted by a new email phishing campaign which uses HTML file attachments typically used by web servers according to a new report by…
The risk of data breaches from internal staff is growing, reports one cybersecurity firm, which says the average cost for an internal breach is $8.7 million. And that figure represents…
CUES member James Sackett wanted to be involved in his community in some way. He had always known about and loved the idea of credit unions. So, when he moved…
As I write this, I’m sitting in New Orleans near the banks of the Mississippi River, banks that Hurricane Barry recently threatened to overflow. Fortunately, the Big Easy didn’t experience…
As credit unions push to raise deposits, they might also find members pushing back to quickly access those funds, regardless of the service channel they’re using. Nusenda Credit Union($2.4B, Albuquerque,…
It has not been easy for the mortgage servicing industry to recover and navigate the economic climate in the aftermath of the Great Recession. In addition to the surge of…
Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? Security firm Symantec said this past week that…
CUNAreleased Friday the July 2019 edition of the Economic Update, sponsored by the CUNA Finance Council. Senior Policy Analyst Samira Salem reports on recent U.S. economic growth developments, most notably…
A new report from the CFPB on third-party debt collection revealed that 28 percent of consumers with a credit report in 2018 had at least one debt in collection with…