NAFCU President and CEO Dan Berger is highlighting credit unions' engagement with small businesses in recognition of the Small Business Administration's (SBA) National Small Business Week, which began yesterday. "Credit…
Technology affords credit unions many benefits. It allows lenders to increase transaction speeds and analyze their risk management programs in ways that make life more convenient for both members and…
Credit union loan growth set records in March—records for the slowest growth in more than four years. CUNA’s Monthly Credit Union Estimates released over the weekend shows the nation’s 5,572…
Bill Gates has said: “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.” The sweet afterglow of success has a way of redefining as brilliant…
Affinity Federal Credit Union($3.4B, Basking Ridge, NJ) is using robots to complete routine processes and free-up time for contact center and branch staff. In turn, those employees are focusing on…
Over the past seven years, we have conducted global research on the state of financial marketing. Every year, we find new challenges and opportunities in this rapidly evolving field, and…
It’s a great time to be a lender in just about any loan category in the credit union industry. Assets, total loans, resi, auto, credit cards, member business loans are…
California and Nevada credit union leaders met with Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger is Los Angeles Tuesday to discuss credit union issues. Credit union leaders in attendance…
Total vehicle sales decreased to a rate of 16.4 million annualized units in April. NAFCU Research Assistant Dhruv Singh expects the decline to continue in coming months. “Automobile sales in…
I have studied diversity and inclusion challenges in organizations across multiple employment domains (e.g., business, not-for-profit, and government) for approximately 25 years. After controlling for industry-based differences, I have found…
John Sackett and Phil Browarsky are two long-time credit union board members who are dedicated to meeting the needs of their members in every stage of life. Sackett is a…
Three years after it reported a data breach that compromised customer data at its stores, retailer Eddie Bauer may end up paying about $10 million in a proposed settlement with…
Senior Vice President of Claims and Recovery, Anne Holtzman, led a webinar about natural disasters and the impact they have on total loss. Natural disasters continue to be a national…
My partner repeatedly tells me that I’m not as old as I think I am, but I remember playing in public sandboxes as a kid. I’m honestly not sure people…
When was the last time you made a major financial decision? Have you purchased a house, a car, a new television or an expensive piece of technology? Have you decided…
I often feel like there's not enough time in the day to accomplish what I set out to do. I'll go out on a limb and say many of you…
Growing deposits, affordably, to meet loan demand was easily the leading challenge credit union leaders identified in Callahan’s 2019 Executive Outlook Survey. The respondents also generally reported stable to strong…
The Consumer Financial Protection Bureau (CFPB) issued a proposed rule on Home Mortgage Disclosure Act (HMDA) reporting requirements Thursday, as well as an Advance Notice of Proposed Rulemaking (ANPR) about…
A number of NAFCU conferences are set to break attendance records this year, and credit unions are encouraged to take advantage of early-bird registration savings on upcoming events, including the…
Speculation had been long brewing in the financial services industry about when—not if—Apple would enter the payments space with its own products, and what that would mean for the industry.…
The Federal Bureau of Investigation’s Internet Crime and Complaint Center received 50,000 more complaints in 2018 (351,936) than in 2017 (301,580), with losses from those complaints amounting to $2.7 billion,…
Challenges with partnerships between fintechs and traditional banks and credit unions are understandable in a world where a financial institution tries to forge a partnership with a fintech from scratch,…
The concept of perpetuating awareness about the importance of financial literacy education and the consequences of not understanding personal finances was boosted when in 2004 the U.S. Congressdesignated April as…
The Current Expected Credit Loss (CECL) standard has been a contentious subject since the Financial Accounting Standards Board (FASB) issued it in 2016. Recently, the debate has heated up with…