The powerful chairman of the tax-writing Senate Finance Committee is questioning whether credit unions still deserve their tax-exempt status. “I am concerned that the credit union industry is evolving in…
Bill pay is no longer limited to desktops or even financial institutions. New players have recognized the inherent value of a bill pay relationship and have big plans for capturing…
Is it just me, or does it feel like this year is pretty “light” when it comes to new regulations? Now that by no means is a bad thing, it…
Oh well, it’s on to the Supreme Court hopefully. Yesterday the Court of Appeals for the District of Columbia put the dreams of constitutional extremists like myself on hold when…
Back in the 70s when I was a kid, I remember going to the bank with my mom a couple times a week. She was helping my dad out with…
CUNA President/CEO Jim Nussle outlined the many ways credit unions continue to fulfill their statutory mission in response to a question from Sen. Orrin Hatch (R-Utah) to NCUA on whether…
NAFCU and the Defense Credit Union Council (DCUC) told the Department of Defense (DoD) in a letter Wednesday of the compliance challenges associated with its explanation of guaranteed acceptance protection…
In this podcast you will hear how adding insurance tracking to your lending institution's risk management strategy can bolster your business capabilities and protect against unforeseen risks. Learn from one…
News releasesare a great way for credit unions to get the word out about what they offer, what they are doing and to differentiate themselves. Unfortunately, many credit unions may…
Every generation has a different point of view, says Edith Cabrera-Tello, one of the younger members of Community 1st Credit Union’s board of directors. And her voice on the board…
Four former credit union employees, including a manager and a long-time teller and administrative assistant were banned Wednesday by the NCUA from participating in the affairs of any federally insured…
Here’s this week’s life lesson: Bank of America does not equal Bank of Americans. Last week, Bank of America announced it is eliminating free checking for account holders who maintain…
Never burn a bridge with former girlfriends. It can jump start a career. I stayed friendly with my high school girlfriend Maryanne who married John Unangst the President of Franklin…
Good morning, Credit Union Compliance World! In a short space of time, your NAFCU Regulatory Compliance Team got pinged with a couple different versions of the same question – when…
Many who hear the expression “design thinking” mistakenly believe that it is all about aesthetics — something limited to “creative types” who specialize in graphic design. But that’s not the…
The decision to invest in new credit union technology is not made lightly. There are many factors involved, not the least to be considered are cost, compatibility, and anticipated gains…
CUNA President/CEO Jim Nussle said CUNA is pleased President Donald Trump addressed the need for regulatory relief in Tuesday’s State of the Union. Regulatory relief is a key pillar of…
NAFCU's Carrie Hunt, in a letter yesterday to the Senate Banking Committee, urged committee members to ensure credit unions' access to the secondary mortgage market in any housing finance reform…
In today’s rapidly changing world, predicting trends more than a few months into the future can be a daunting task. Yet a long-term perspective is exactly what is required for…
As if credit union did not have to enough to worry about now the Secret Service is warning financial institutions of robbers remotely commanding ATMs to spew out cash on…
The digital age, as it has with so many facets of daily life, has permanently altered how regular consumers use and view financial institutions. Consider that today’s consumer only walks…
Credit unions continue to see strong gains in auto lending, but tried-and-true tactics may need a tune-up in the year ahead. According to Bob Child, chief operating officer at CU…
Bloomberg news is highlighting two bills passed by Congress yesterday that I think are worth knowing about. First there is H.R. 1457. This bill would set a national standard for…
According to astudy from EY, investments in technology and innovation will have the potential to increase efficiency, manage evolving risks and meet consumer expectations that are required for sustainable success.…