Syndicated

NAFCU is offering a webinar April 4 to help further the role of women leaders in the credit union system. By reviewing the challenges that face women leaders, attendees will…

Multiple common bond credit unions have a huge opportunity to grow through adding underserved communities to their fields of membership while also fulfilling their mission. “Underserved community” typically calls up…

Think about the passwords you have set for the dozens of work and personal accounts you access every day. Unfortunately, passwords are a pain to create, reset, and maintain. And,…

Despite a Republican request to delay consideration of the bill, the House Financial Services Committee is still scheduled to mark up legislation Tuesday to ease the way for financial institutions,…

The banking industry is trying to respond to an increasingly turbulent business environment, where legacy leadership and existing cultures are being challenged. Not only do leaders need to articulate a…

At Apple’s “show time” services event today, it announced a new Apple Card credit card, promising to improve things about the credit card experience with simpler applications, no fees, lowering…

I haven’t done of these in a while but I saw so many important issues to bring to your attentionthat here is a quick rundown. As longtime readers of the…

Last week, the Compliance Team hosted our Regulatory Compliance School. Congrats to all the new NCCOs! If you, too, want to become an NCCO, you can join us in Minneapolis…

CAP COM Federal Credit Union($1.8B, Albany, NY) has embarked on a data aggregation and analytics journey, using a three-year roadmap to align staff and systems to better understand what it…

The Department of Labor (DOL) published its proposed overtime rule Friday. Under the proposal, employees with a salary level of $35,308 per year (up from the current $23,660 per year)…

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,…