Resolving negative accounts: Is it 45 or 60 days?
A frequently-asked question that the Regulatory Compliance Team sees is how long a credit union has to deal with a deposit account with a negative balance. The answer depends on ...
The latest from John Pettit
How financial marketers can tap the surging mobile ad market
Nine out of ten U.S. adults own a smartphone and 58% own tablets. One out of five Americans are “smartphone only” internet users. Obviously marketing in mobile channels should ...
House resolution encourages FIs to provide solutions for those affected by shutdown
The U. S. House of Representatives Tuesday passed H. Res. 77, expressing the sense of Congress that “financial institutions and other companies should work proactively with their customers affected by ...
No rate hike expected as FOMC begins two-day meeting
The Federal Open Market Committee (FOMC), the Federal Reserve’s monetary policy-setting arm, begins a two-day meeting today, which is not expected to end with a rate hike. The committee ...
Outside the commercial real estate box
Credit unions want to be relationship lenders, but when it comes to business members, they’re primarily product lenders—they finance one piece of a business’s credit needs: commercial ...
Accenture: Cybercrime to cost U.S. companies $5.2 trillion by 2024
Companies globally could incur $5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependency on complex internet-enabled business models outpaces the ...
While many wellness programs fail, these organizations do it right
Looking at the overall statistics from wellness programs in America, the results aren’t that impressive, and the average wellness program has a negative return. Although 80% of organizations offer ...
CU 2.0 Podcast: 19 – Up in smoke, credit unions and cannabis, Part 1
Call this podcast Up In Smoke, Credit Union Style. The more formal moniker: Cannabis and Credit Unions: The Opportunities and Risks, Part 1. That’s right. There is also a ...