Keep credit unions out of the CRA: Trade groups
Credit unions do not belong in the Community Investment Act, credit union trade groups said in letters to the Office of the Comptroller of the Currency and the House Financial…
Syndicated
Gen X leads the holiday spending forecast
Wage growth at a post-recession high and the lowest unemployment rate since 1969 means good news for retailers in the United States this season. Holiday spending in the U.S. is…
I’m grateful to support women in leading the credit union industry
This year as I prepare to spend Thanksgiving with my family, I’m thinking about the many things I’m thankful for in my personal and professional life. I finally committed to…
The Fed’s fraud study reveals the expected and unexpected
The high-level trends in payment fraud are easy enough for industry professionals to surmise. Card fraud- both credit and debit- is on the rise, particularly in the fast-growing e-commerce channel.…
Midterm elections yield gains for credit unions
Credit unions took initiative this election to support the people and policies that will continue to back credit union growth. According to CUNA CEO and President, Jim Nussle, credit unions…
Generation Z means more digital, mobile & social for financial marketers
Few would dispute that Millennials caught many banks and credit unions flat-footed. But some financial marketers now think they learned their lesson, and that they are ready for Gen Z.…
CUNA urges OCC to ensure CUs remain out of CRA
CUNA strongly advocated against efforts to have the Office of the Comptroller of the Currency (OCC) recommend that the Community Reinvestment Act be expanded to apply to credit unions in…
FHFA heeds NAFCU concerns in final AHP rule
The Federal Housing Finance Agency (FHFA) in its final rule decided to not adopt an outcome-based framework for the Federal Home Loan Banks' (FHLBs) affordable housing program (AHP), heeding a…
Leadership Matters: 7 steps to effective mentorships
In my life I’ve been part of several mentorships. Whether I was the mentor or the mentee, I have found there are seven key requirements for success in these exchanges.…
Kam Wong pleads guilty to $9.8 million embezzlement
Kam Wong pleaded guilty in U.S. District Court in Manhattan Monday to embezzling nearly $10 million from the $2.8 billion Municipal Credit Union where he was president/CEO. From 2013 through…
Get to know the 2019 Wegner Award Winners
We recently announced the winners of our 31st annual Herb Wegner Memorial Awards. Not familiar with the Wegner Awards? Since 1989, the Foundation has presented the Herb Wegner Memorial Awards,…
Is selling in your credit union culture?
“We’re a service organization, not a sales culture.” I’ve heard those words from a number of credit unions. Too bad they’re wrong. Ahh!! Put down the pitchforks and torches! Please,…
As demand drives up pricing, first-time homebuyers work to stay on budget
Homes for sale have been short of demand in recent years, as fewer people choose to move out of their homes. While this has had a detrimental effect on first-time…
CUNA to focus on tax extenders, UBIT, excise for rest of 2018
As both 2018 and the 115th Congress wind down, CUNA will pursue several credit union priorities in the next few weeks. Congress will also work toward funding the federal government,…
NAFCU to meet with BCFP, Fed, HUD
NAFCU's award-winning advocacy team is working hard to advance credit union priorities in Washington. Next week, the association has meetings scheduled with Bureau of Consumer Financial Protection Acting Director Mick…
Facility Solutions: Are you ready to change?
A business’s ability to quickly respond to change is required to be successful in our world of disruption and new opportunities. Agility is defined as the ability of a business…
Auto lending: Speed, ease, and digital, please
Credit unions have been experiencing an auto lending joyride for the past few years. The overall number of auto loans held by credit unions grew 22% from Q4 2015 to…
Bankers call for credit unions to be added to CRA
Federal policymakers should require credit unions to follow the same Community Reinvestment Act standards as banks follow, the American Bankers Association has told the Office of the Comptroller of the…
3 things marketers need to know about budgeting
As the marketing discipline continues to evolve, your Credit Union or Community Bank's approach to budgeting for marketing initiatives should too. It's more important than ever that marketers recognize their…
The easy way for good business banking
To lay the groundwork for expanding its business services,Elevations Credit Unionasked existing business members what they wanted most from their financial institution. Their top priority was making banking easier. The…
Why consumers don’t trust financial institutions
My spouse and I are considering refinancing our home to see if we can lower our monthly payment before interest rates rise. I made the mistake of filling out an…
5 fraud trends to watch during the holidays
Holiday 2018 spending could reach $1 trillion, according to PWC research. While retailers and financial providers look at the number and see dollar signs, unfortunately so do fraudsters. Last year,…
Compliance: CECL implementation delay made official by FASB
The Financial Accounting Standards Board (FASB) has officially issued an update to its current expected credit losses (CECL) standard, delaying implementation for credit unions for fiscal years beginning after December…
NAFCU defends CUs, hits bankers back with truth about CRA
Urging Congress not to listen to the misinformation being spread by bank lobbyists regarding the Community Reinvestment Act (CRA), NAFCU President and CEO Dan Berger reiterated Friday why this law…