Ten candidates have been selected by the NAFCU Nominating Committee for the four open positions in this year's NAFCU Board elections. Two of the 10 are incumbents. NAFCU member credit…
Meridian Credit Unionhas set—and achieved—ambitious membership growth goals, expanding membership by 8.9 percent in 2018. But even the largest credit union in the province of Ontario has had a hard…
Patrick Adams is alive and well and eating bacon. That wasn’t a likely prospect five years ago when he suffered a massive heart attack while exercising and was clinically dead…
Reversing a decision made by her predecessor, CFPB Director Kathy Kraninger announced Thursday that she intends to increase the role that advisory boards—including the Credit Union Advisory Council—play in agency…
It's easy to lose sight of what you're working toward in today's culture. Our days are busier than ever – there never seems to be enough hours to accomplish what…
Credit unions are different. It’s in our mission and our model. And it’s in the way we value the financial success of our members. Our difference makes us better. Better…
Inspiring trends were presented at CUNA's CDFI Roundtable by Chief Economist, Mike Schenk. CDFI certified credit unions had the direct benefit of $874 million in the communities they serve, equalling…
Good morning from NAFCU’s spring Regulatory Compliance School! Sometimes a question from a member leaves me digging around in the Federal Register looking for more information. Where a rule or…
HMDA compliance has been looming over credit unions for many years. It was actually enacted by Congress in 1975 but wasn't transferred to the Consumer Financial Protection Bureau until 2011.…
The Consumer Financial Protection Bureau (CFPB) announced Thursday amendments to its advisory committee charters, which include the Credit Union Advisory Council (CUAC). The CFPB also announced it will begin accepting…
NAFCU's Ann Kossachev, commenting on the Federal Housing Finance Agency's (FHFA) proposal on how it plans to evaluate new credit scoring models for use by the government-sponsored enterprises (GSEs), urged…
With the rise of digital media, buying advertising for a CU has become more complicated. “Digital marketing has just begun, but it’s evolving rapidly,” notes Brian Ley, founder of machine-learning…
Although the board may delegate operational functions to management and designated committees, the responsibility for the credit union’s direction remains with the board. These responsibilities include overseeing the development, implementation,…
A former president/CEO of a Kansas credit union will be sentenced in June for embezzling nearly $40,000, according to the U.S. Attorney’s office in Topeka. Connie Marie Kent, 52, Topeka,…
Over the last few years, the FTC has reported a growing number of complaints about scams involving counterfeited checks. Fake checks are used in numerous types of scams, and are…
Nearly every one of us is a frequent flyer member with an airline of choice. In addition, a majority of us may also have the branded credit card of the…
In credit union lending, some unfortunate costs of doing business include delinquencies and reduced collections due to member bankruptcies. With about 750,000-800,000 people filing forbankruptcyevery year in the U.S., your…
Another CUNA GAC has come and gone, another Wegner Dinner under our belts, and with that comes a renewed sense of purpose and excitement for the credit union movement. I…
The World Council of Credit Unions urged the Basel Committee in Banking Supervision to provide flexibility when it comes to leverage ratio disclosures. The Basel Committee is the primary global…
The House Financial Services Committee next week will markup a bill designed to provide a safe harbor for credit unions and other lenders that serve marijuana-related businesses in states that…
Change has never happened this fast before, and it will never be this slow again.” We’ve all heard iterations of this quote and concept. While this particular rendition came from…
Federal Reserve officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of the central bank’s bond holdings in September after holding…
More than 5,000 credit unions serve millions of Americans with affordable, convenient financial products and services, according to theCredit Union National Association (CUNA). Key trends impacting these important not-for-profit banking…
Nearly a decade ago, Grow Financial Federal Credit Union ($2.5B, Tampa, FL) faced a problem to which many other credit unions can relate. Each department within the organization collected large…