Consumer inertia over leaving their primary financial institution continues to lessen. Evidence suggests the point at which significant numbers of people will abandon traditional banks and credit unions for fintech…
Rachel Pross, chief risk officer at Maps CU in Salem, Oregon will testify on behalf of CUNA at a hearing on cannabis banking conducted by the Senate Banking Committee. The…
NAFCU is offering five webinars in the next two weeks on key issues to help credit unions better prepare for challenges facing the industry. Of note, the association today has…
Even with the best operations input and branding and design consultation, a new branch and brand experience project will fail if consensus has not been built among your credit union’s…
A federal judge in Michigan ruled Monday that the NCUA does not owe more than $300,000 to James Perna, a 42-year credit union president/CEO who was fired when Detroit’s Health…
Facebook is planning to launch a cryptocurrency, run by the nonprofit Switzerland-based Libra Association in 2020, backed by some of tech’s biggest names. The focus is on financial inclusion for…
A typical credit union downloads its report bundles, daily from its processors. Usually the only option is to store those highly sensitive PCI report bundles on a network drive, with…
Collections plays a critical role in your institution’s financial health. While delinquency rates can be cyclical, rising and falling as the economy shifts, for lenders, it’s critical to keep themselves…
Burger King (BK) announced it is adding tacos to its menu. The second largest fast food chain in the world, with a menu that consists primarily of burgers and chicken…
Callahan & Associates premiered its Executive Roundtable program in 2011, gathering small groups of credit union leaders to network, brainstorm, and commiserate with peers during two-day getaways held throughout the…
CUNA’s Compliance team has received a number of questions regarding which provisions of the Consumer Financial Protection Bureau’s short-term, small-dollar (payday) loan rule are delayed and which will become effective…
As Tropical Storm Barry hits the Gulf Coast, the NCUA urged credit unions in its path to be safe and take precautions. There are a number of resources available to…
Recently, a group of credit unions that made private student loans to consumers who attended ITT Technical College were ordered to pay $7 million to finalize a previous settlement. This…
A former credit union employee will be sentenced in October after he admitted to stealing tens of thousands of dollars from members, including one who died three years ago. Bradley…
While cryptocurrencies and digital payments apps are all the buzz lately, the need foraccess to quick hard cash seems to never go away. Among the many great services that credit…
Sometimes you just have to swing the bat. This was a phrase my old boss would say. This was just one of many that were just as amusing, give or…
Amazon Prime Day has become a cultural phenomenon in the short time since the ecommerce company created it. The now two-day event is part megasale, part brand marketing event, and…
In a perfect world, the reputation of any given credit union would precede it, and people would flock from far and wide to join. Not a dime would be spent…
The $2 billion Vantage West Credit Union is one of Arizona’s largest financial institutions, serving nearly 157,000 members. Lending has driven its strong and steady growth; according to NCUA financial…
The House passed the National Defense Authorization Act (NDAA) for fiscal year 2020 Thursday without any language expanding the Department of Defense’s (DOD) discretionary authority to waive the certain costs…
Federal Reserve Chairman Jerome Powell – during testimony Thursday before the Senate Banking Committee – answered questions about the development of a real-time payments system. NAFCU has worked to ensure…
Facebook recently released the details of the 2020 launch of its Libra cryptocurrency. The news sent ripples across all industries, but no sector felt the shockwaves more than financial services.…
The mortgage market has moved right into credit unions’ sweet spot, according to one expert, who adds that if CUs are to capitalize on the shift they must begin offering…
The title of this blog post might seem a little counterintuitive. After all, it is our duty as leaders to ensure our organizations and companies are working toward their mission…