What’s up with this Apple savings account?
This started as a LinkedIn post. However, as I kept adding explanations, it became obvious…this is an article. As an industry, credit unions need to understand what is and ...
The latest from John Pettit
Coming in 2023: Hybrid annual meetings
Greetings, Compliance folks! The joy of the holiday season is upon us – decorations adorn most buildings, holiday music is playing in stores, and kids (including my own) are eagerly awaiting ...
NCUA: More people joining credit unions, but CU numbers dropping
People are still joining credit unions. That’s one of the main takeaways from the NCUA’s Quarterly Credit Union Data Summary for the third quarter of 2022, issued by ...
Capital Corner: Lobbying 101—How you can make a difference
When it comes to influencing policymakers in Washington, DCUC is constantly on the move. Even though much was accomplished in 2022, we’re already looking ahead to next year. And ...
Continued growth in lending, assets, insured shares reported in 3Q
Total loans outstanding in federally insured credit unions increased $235 billion, or 19.2%, over the year ending in the third quarter of 2022, to $1.46 trillion, according to ...
Consumer credit ‘higher than forecasted’ in October
Total consumer credit rose 6.9 percent at a seasonally adjusted, annualized rate in October and is up 8.1 percent compared to a year ago. Revolving credit – primarily credit ...
Six strategies for loan portfolio growth during a recession
Credit unions tend to lend more than banks during times of crisis, as they are driven by their mission of continuing to support their communities. For example, during the pandemic, ...
Seeing is engaging
I’m inside credit unions and community banks a lot. All year long, coast-to-coast, small institutions, large institutions, simple and complex. One common question I’m often asked regardless of ...