Living up to the Credit Union Difference
Credit unions are different. It’s in our mission and our model. And it’s in the way we value the financial success of our members. Our difference makes us ...
The latest from John Pettit
What is the impact of CDFI certified credit unions? $874 million
Inspiring trends were presented at CUNA’s CDFI Roundtable by Chief Economist, Mike Schenk. CDFI certified credit unions had the direct benefit of $874 million in the communities they serve, ...
The new URLA is coming – Is it a model application form?
Good morning from NAFCU’s spring Regulatory Compliance School! Sometimes a question from a member leaves me digging around in the Federal Register looking for more information. Where a rule ...
Is your credit union aware of the recent HMDA announcements?
HMDA compliance has been looming over credit unions for many years. It was actually enacted by Congress in 1975 but wasn’t transferred to the Consumer Financial Protection Bureau until ...
CFPB alters CUAC charter, extends terms, opens applications
The Consumer Financial Protection Bureau (CFPB) announced Thursday amendments to its advisory committee charters, which include the Credit Union Advisory Council (CUAC). The CFPB also announced it will begin accepting ...
NAFCU asks FHFA to reconsider credit score model rule
NAFCU’s Ann Kossachev, commenting on the Federal Housing Finance Agency’s (FHFA) proposal on how it plans to evaluate new credit scoring models for use by the government-sponsored enterprises (...
Inside Marketing: Smarter digital ad buys
With the rise of digital media, buying advertising for a CU has become more complicated. “Digital marketing has just begun, but it’s evolving rapidly,” notes Brian Ley, founder of ...
Cybersecurity and the board
Although the board may delegate operational functions to management and designated committees, the responsibility for the credit union’s direction remains with the board. These responsibilities include overseeing the development, ...