Updates in credit union–fintech partnerships
To credit unions and other traditional financial institutions, fintechs can often sound like the enemy. Or, if not an enemy, they can seem like the upstart competition. Yet, most fintechs ...
The latest from John Pettit
The Great Recession: 10 years out and looking ahead
June 2009 marked the official end of the Great Recession and the beginning of an outstanding period of economic recovery. The Great Recession was the biggest economic downturn since the ...
CUNA reiterates push against rent-free bank access to military bases
CUNA would be concerned with the inclusion of any language in the National Defense Authorization Act (NDAA) for fiscal year 2020 that would allow banks rent-free access to military installations, ...
NAFCU economist: GDP growth ‘higher than expected,’ reversal up ahead
According to the Commerce Department’s first quarter initial estimate, the U.S. economy grew by 3.2 percent. NAFCU Chief Economist and Vice President of Research Curt Long noted ...
Helping them buy their ride to work
One wintry Saturday morning a couple years ago, a new member and her two preschool daughters walked into Community Plus Federal Credit Union in Rantoul, Illinois, and approached the loan ...
What’s your risk appetite?
Ken Schaafsma likens setting a risk threshold to crossing a speed bump. When you’re about to make impact, it’s time to slow down. “Sometimes risk appetites are quantitative, ...
House Committee to weigh legislation to tighten payday lending
In the face of the CFPB’s plan to loosen rules governing so-called payday loans, the House Financial Services Committee plans to explore legislation that would tighten the regulations, according ...
Why the Apple Card is the gleaming future of money
WILL YOU SIGN up for the Apple Card? You probably will, frankly. Apple’s latest innovation, which arrives this summer, is a credit card that comes with all kinds of ...