2023 Credit Union Hero Award nominations now being accepted
Credit Union Magazine is seeking nominations for the 2023 Credit Union Hero Award. The 2023 Credit Union Hero of the Year will be selected via online poll by the readers ...
The latest from John Pettit
Unemployment rate rises slightly in October
The Bureau of Labor Statistics issued the October jobs report on Friday, which revealed that the unemployment rate rose slightly to 3.7 percent during the month. NAFCU Chief Economist ...
Breaking the economy’s addiction to zero interest rate policy won’t be easy
For many years, we’ve written about our belief that the global economy is akin to a living organism that progressively adapts to its changing environment. In that regard, Darwin’...
Four proven tips to create fear of missing out with ALCO meetings
Asset/liability committee meetings are an opportunity to create compelling collaborations that are interesting, relevant, and result in better member value and better asset/liability management—plus put a check ...
The advantages of cloud computing in banking
Despite rapid adaptation in most industries and a track record for success, the banking sector and financial services have been much slower and more cautious about cloud adoption and cloud ...
Sen. Reed accuses big banks of gouging customers
Accusing the largest banks of using high interest rates to help their investors, Sen. Jack Reed, D-R.I., wants to know why bankers are increasing interest rates on loans, but ...
Closing the gap on life insurance purchases
Life insurance can play a vital role in your members’ financial well-being but often there is a growing gap between the life insurance a member needs and the life insurance ...
What is going on? CFPB releases guidance on “junk” fees
On the heels of a late September regulatory enforcement action against Regions Bank, requiring the financial institution to pay $191 million dollars for charging consumers “illegal surprise overdraft fees,” the ...