NAFCU has myriad resources to help credit union compliance staff stay up-to-date in this ever-changing regulatory environment. Of note, the association is offering a free webinar today to prepare those…
Small credit unions face many challenges these days to keep pace in a hotly competitive market and to recruit talented employees. HUD Federal Credit Unionhas launched an initiative to deal…
This weekend, I was listening to The Tim Ferriss Show Podcast.(I really love the podcast, but I'll save my comments about it for a future day.) This episode featured Tobi…
James Perna, a 42-year credit union president/CEO, claims the NCUA owes him more than $300,000 after he lost his long-held job when state regulators conserved Detroit’s Health One Credit Union…
With access to so many different professional development resources today, it is not a question of if there is something available, but what is the best resource, given certain goals.…
How long has it been since your last strategic planning event? Six months? Four months? Several weeks? Perhaps a better question would be, what strategic discussions have you had with…
Stock photos of Generation Z that financial marketers often include stereotypical shots of smiling youth in cliché poses and quintessential hairstyles. They’re glued to social media, taking selfies. They seem…
As a performance strategist, I talk with credit unions every day about the experience they want their members to have. What I hear is eye opening. I was recently part…
The latest bank attacks on credit unions have a new level of hypocrisy previously unseen in the financial services sector, CUNA President/CEO Jim Nussle wrote in Credit Union JournalFriday. Responding…
The Fed is launching two groups among industry stakeholders in March to help improve payments security. Credit union personnel interested in participating in the Federal Reserve's Fraud Definitions Work Group…
The #MeToo movement is causing many employers to reconsider their views and practices related to employee relationships, specifically dating relationships and the extent to which organizations—including credit unions—should take steps…
As an industry, we’ve made significant strides to reduce fraud and minimize the financial impact to consumers and businesses. Despite our efforts, criminals have continued to explore alternative avenues, new…
Federal regulators may ease the way for fraudsters if they adjust the “hold” periods that credit unions and other financial institutions may place on checks, credit union trade groups have…
Wells Fargo has announced another image repair ad campaign, now featuring an updated logo. This is the third campaign the tainted brand has attempted since its scandalous fallout in 2016.…
Valentine’s Day comes once a year, but credit unions show off their love for members year round. Last year, members at American 1 Credit Union($368.0M, Jackson, MI) cashed in nearly…
According to research from NewsCred, half of consumers say they would be less likely to switch to a new bank if their financial institution offered helpful content. This is just…
Credit unions don’t have to start complying with FASB’s current expected current loss (CECL) model until the year beginning after December 15, 2021 but believe it or not the clock…
Believe me, we get it: marketing efforts can lead to headaches. Nobody likes getting cold calls, most people mute (or skip) commercials, and I still get nightmares about pop-up ads.…
Rachel Pross, chief risk officer at MAPS CU, Salem, Ore., will testify on CUNA’s behalf at a House Financial Services Committee hearing Wednesday. Pross will testify before the House Financial…
The Senate Banking Committee announced its plans to hold nomination hearings for key posts at the NCUA and the Federal Housing Finance Agency (FHFA) next week. Scheduled for Feb. 14,…
With 20,000 of its members reaching age 64½ this year, $2.9 billion SAFE Credit Union has introduced free Medicare consultations to help them choose the right plans and supplemental insurance.…
Many organizations think of cybersecurity as strictly in terms of information technology (IT): Lock down the data, the assumption goes, and all is well. But threats aren’t always external: Some…
Eighty-five percent of embezzlement cases were committed by someone at the managerial level or higher, according to a new survey of chief financial officers, controllers and accountants commissioned by Hiscox,…
Bankers have been taking their claws out lately when it comes to credit unions. In addition to the usual attacks on the credit union tax status, they loudly protested the…