Lending is continually evolving and changing, but what are the top concerns facing financial institutions today regarding lending? Learn how leveraging data, technology, and the impact of AI is changing…
As you all know, DCUC has been actively defending the industry’s tax exemption amidst a concerning amendment proposed in the 2025 National Defense Authorization Act (NDAA). This effort involves numerous…
Bitcoin Bitcoin-1%and crypto prices have moved sharply lower since early June, wiping $300 billion from the combined crypto market (even as the market braces fora $4 trillion "watershed moment"). The…
The financial services sector is no stranger to change. In today’s market, competition is fierce, technology is rapidly evolving and member expectations are changing daily.You must now do more and…
Credit unions are contending with an onslaught of regulatory changes, America’s Credit Unions Chief Advocacy Officer Carrie Hunt toldPunchbowlin aninterview over the weekend. Hunt noted that—while banks are subject to…
Changing your name is one of the biggest decisions you can make. A new name will stick with the organization for years to come and significantly impact its success. So,…
In today’s financial landscape, credit unions must optimize operations while delivering personalized member experiences. It can sometimes feel like you have to sacrifice one for the other – that in…
The failure of Credit Unions is not a sudden occurrence, but rather a gradual process that starts from the top down. Why aren’t leaders who are ineffective or complacent held…
The National Credit Union Administration placed 1stChoice Credit Union of Atlanta into conservatorship on Friday. The action was taken in consultation with the Georgia Department of Banking and Finance. The…
The primary strategic goal for most banking organizations is supposed to be meeting customer needs and wants. By and large, banks and credit unions say they differ from each other…
For lenders, a loan origination system (LOS) isn’t just a piece of technology—it’s the cornerstone of your interaction with borrowers and a critical component of your mortgage operation. The process…
The Federal Reserve has kept interest rates high for the last few years, hoping to tamp down spending and get inflation in check. The result has meant increased higher consumer…
This week, the Senate remains in Washington, D.C. while House members are back home in their districts. This gives credit union advocates an opportunity to connect with lawmakers one-on-one to…
Annuitiesare often recommended by advisors as good options for retirees, and in some cases, they can be appropriate. The positive features of annuities include the potential for lifelong income, regardless…
Between today'shigh inflation rate, theelevated interest ratesmeant to temper it and other economic hurdles, there's no question that many households are facing issues with their finances. After all, elevated inflation…
U.S. stock indexes fell on Friday, with the Nasdaq and the S&P 500 slipping from record highs as investors booked profits and weighed hawkish Federal Reserve projections against slowing economic…
We saw the House Rules Committee take action to move the Fiscal Year 2025 National Defense Authorization Act (NDAA) forward this week. With more than 1,300 proposed amendments, the committee…
Most bankers probably know that their industry’s reputation for customer service has been lagging. Some may even know that trust in digital-first banks is improving. But they are less likely…
A new bill to assist consumers facing barriers to home ownership was introduced Wednesday by Rep. Teresa Leger Fernandez, D-N.M. The Home of Your Own Act would create a new…
In March, the Department of the Treasury issued a troublingreportwarning financial institutions they are at risk of emerging AI fraud threats. The culprit is a failure to collaborate. The report…
Regardless of a credit union’s size, members expect digital-first capabilities that can compete with what for-profit financial institutions (FIs) offer. While many CUs are rising to the innovation challenge, there…
House amendments to the FY25 defense authorization bill may not include a provision that would provide National Credit Union Administration share insurance for accounts in the overseas military bank operated…
Gen Zers are the first generation of digital natives. They’ve had access to iPhones, tablets, and high speed internet practically since birth — and they can spot an ad in…
Roughly 95% of Americans have either a checking orsavings account, according to the Federal Deposit Insurance Corporation (FDIC). For many people, a savings account is a great place to keep…