3 ways to avoid the credit union strategic planning slump
A few federal holidays here and there. Team member vacations need to be covered in the branch. Your own vacation if you’re lucky. Not to mention you’re stuck ...
The latest from John Pettit
Outsourcing as a solution for labor shortage amidst rising delinquencies
The “Great Resignation” is one of the pandemic’s unforeseen outcomes. Demand for workers remains high, despite the best attempts of many employers to attract and retain talent. Financial institutions ...
CFPB and DOJ lead a multi-prong attack on Trident Mortgage’s alleged redlining
On July 27, 2022, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) announced the filing of a complaint and consent order against Trident Mortgage Company LP (...
Banks: Make credit unions subject to Community Reinvestment Act
As federal regulators rewrite rules governing the Community Reinvestment Act (CRA), the banking industry is renewing its call for the agencies to seek legislation that would subject credit unions to ...
The modern needs of modern members
The transition to the digital world has inevitably accelerated in recent decades, yet we’re all still working to stay up-to-date on the latest technological offerings and integrate them into ...
Credit union collaboration, giving make social media blitz a success
The Illinois Credit Union System (ICUS), in collaboration with over 850 organizations, took social media by storm for the 2nd annual #ILoveMyCreditUnion social media blitz on July 29. The goal ...
Ginnie Mae excludes CUs from additional capital requirements, a NAFCU-sought request
Ginnie Mae Thursday announced that it will exclude federally insured credit unions and state housing finance agencies (HFAs) from its capital requirements and recognize them as insured depositories regulated by ...
If my credit union could start over: A board member perspective
Recently, I was contemplating the idea of what our credit union might look if we as an industry could start over. As a credit union board member, I have seen ...