Hurricane aftermath pressures mount on credit unions
The League of Southeastern Credit Unions is working with other credit unions to deliver portable generators and other supplies and resources to credit unions that are unable to service their…
The League of Southeastern Credit Unions is working with other credit unions to deliver portable generators and other supplies and resources to credit unions that are unable to service their…
Hello, Compliance Friends! We are wrapping up another awesome Regulatory Compliance School here in San Antonio. A special congrats to our new cohort of NCCOs! Recently, NCUA released a letter…
Member economic participation: It’s one of the seven cooperative principles. It’s also the principle that creates a cycle of prosperity. Member-owners participate in their cooperative; thereby, the cooperative returns better…
Ensuring compliance can be challenging for credit unions. Internal compliance teams often get stuck following guidelines that are outdated, and as a result, miss out on key benefits and efficiencies…
It’s the CU 2.0 podcast! CU 2.0 is excited to bring you the sixth in a series of podcasts from Robert McGarvey.Welcome to theCU 2.0 Podcast, regular interviews with credit…
Part of being a leader is ensuring your organization continues to grow stronger – essentially, that you leave it better than when you found it. And part of this betterment…
The NCUA board will vote on finalizing changes to its risk-based capital at its Oct. 18 meeting, according to the agenda released by the agency Thursday. CUNA supports the proposal,…
NAFCU President and CEO Dan Berger, in a Credit Union Times op-ed, reminded readers of the good work credit unions do to help underserved communities, noting "we joined the credit…
Jennifer Borowy led a credit union turnaround before she turned 30. When she took over as CEO of Buckeye State Credit Union in Akron, Ohio, in the fall of 2016,…
CUNA Mutual Group identified more than 70 credit unions and nearly 300 of their branches in Florida and Alabama that were in the path of Hurricane Michael, which left behind…
When we think about the boards we’re on, we usually think about the board meetings—which says a lot about the importance of having good meetings. Resolve to implement one of…
Credit unions are known for their loyal members. But that doesn’t mean your members are always using your card as their preferred form of payment. To get placed top of…
Credit unions must consider the safety of their information, both for their own sakes as well as for that of their members. Many credit unions have taken to hiring third-party…
U.S. Bank, the country’s largest regional bank, began taking advantage of a roll-back of OCC regulations that prohibited banks from offering deposit advance products. According to the LA Times, a…
Consumers Credit Union ($1.2B, Gurnee, IL) is polishing up its online image by incenting employees to identify members who might post a positive online review. The Illinois credit union’s 5…
On Tuesday, 49 credit unions and partners participated in a statewide day of kindness. Across Minnesota, the day was dedicated to community service projects and volunteer opportunities impacting over 335,000…
While encouraging financial institutions to help those affected by Hurricane Michael, the Office of the Comptroller of the Currency, Federal Reserve, FDIC, NCUA and state regulators announced in a joint…
Credit unions inherently differ from banks in that your primary mandate is service to members, rather than return to shareholders. This comes in the form of dividends, more competitive rates,…
Consumer checking account balances in the past year have soared to record levels at credit unions even as balances in bank checking accounts have been falling, a new report reveals.…
If Watergate taught us anything it’s that the cover-up almost always ends up being worse than the crime. Apparently the wunderkind who run Google were apparently spending too much time…
Each year, Credit Union Magazine recognizes the credit union movement’s Rock Stars: Those unique, innovative people who excel in their areas of expertise—and by doing so make our movement better.…
NCUA came out with its Customer Due Diligence (CDD) and Beneficial Ownership Examination procedures not long ago; we blogged on this back in September. While reviewing the procedures, NAFCU identified…
As we’ve been traveling the country conducting strategic planning sessions and marketing audits, there’s one thing we’ve said until we’re blue in the face: credit union and bank marketing strategies…
Many a credit union foundation ensures its ongoing financial stability through donations, grants, and fundraising. Some foundations also lean on their own diversified investment strategies; others leverage their affiliated credit…