Is the credit union movement ambitious enough?
Credit unions are different from banks. Most credit union members understand this. Credit unions don’t have stockholders to distract management and skim off the profits. Instead of fixating on ...
The latest from John Pettit
Financial institutions still love branches (and here’s why)
We’ve all heard the parables — cautionary tales about Netflix killing Blockbuster, and Amazon’s retail takeover. And yes, more and more Americans bank digitally. But branches remain a critical ...
Compliance: NCUA highlights share insurance resources
The NCUA conducted a recent webinar in which staff discussed how credit union employees can help their members maximize National Credit Union Share Insurance Fund (NCUSIF) coverage. The webinar will ...
This week: NAFCU advocating RBC delay to NCUA, Senate; NFIP extension likely
NAFCU this week will continue leading advocacy efforts to delay the NCUA’s risk-based capital (RBC) rule as the agency considers a proposed rule to delay it by one year. ...
3 ways mobile card controls provide the ultimate member experience
It is no secret that financial services have gone mobile. According to The Economist’s study, “Retail Banking. In Tech We Trust.,” 72% of people using a mobile phone in ...
Should we retain transaction receipts?
Record retention questions are fairly common for the NAFCU Compliance Team. In the past, we have written a general overview of record retention requirements and highlighted potential state law implications. ...
3 powerful reasons to invest in AI today
While 2018 is quickly being dubbed “the year of AI,” by all indicators fintech’s latest phenomenon is just getting started. According to IDC, global spending on cognitive and artificial ...
Six “quick tips” for managing card fraud exposure
During a recent webinar on fraud, attendants were asked what kind of fraud they were experiencing the most in 2018. Of those who responded, 82% stated that card fraud was ...