What credit unions can learn from Apple’s Special Event
In the wake of Apple’s most recent Special Event, one thing is clear: there is no escaping our corporate overlords. Apple, the company that already lives in the pockets ...
The latest from John Pettit
Board Liaisons: Cat wranglers and champions of strong boards
Stop me if you have heard the one about the person tasked with herding cats. It’s the notion that gathering strong personalities, tenacious professionals and overloaded leaders can be ...
Compliance: Regulators update CECL FAQ document
The NCUA, along with other federal financial regulators, has posted a frequently asked questions (FAQ) document on the current expected credit loss (CECL) standard. CUNA has called on NCUA to ...
Hood named NCUA Board chair
Rodney Hood was named chairman of the NCUA Board today as he was sworn into office. He replaces J. Mark McWatters, who will remain on the board; McWatters’ term is ...
Data takes flight at Wings Financial
Member intelligence is driving an evolution in the member experience at Wings Financial Credit Union ($5.1B, Apple Valley, MN), which has gone all-in on using data to act and ...
CUs keep record share of credit cards
Credit unions maintained their record share of credit cards in February with balances rising twice as fast as other lenders. The Fed’s G-19 Consumer Credit Report released Friday showed ...
What one prominent banker gets wrong about credit unions
In a recent news opinion piece for Fox Business News, Alex Sanchez, president/CEO of the Florida Bankers Association, viciously attacked the credit union industry, claiming “corporate welfare” for credit ...
Timing requirements for periodic statements
Periodic statements are required for various types of accounts that credit unions offer. While sending a periodic statement is essential to ensuring compliance with the periodic statement requirements, it is ...