4 actionable insights for strategic planning
When it’s time for your next strategic planning session, what topics will be top of mind when preparing for your credit union’s future? The 2022-2023 CUNA Environmental Scan (...
The latest from John Pettit
Sustainability isn’t solely about the environment
Incorporating sustainability into business culture and operations is nothing new. Organizations have been weaving in small-scale solutions for decades. “Think before you print” taglines popped up in the early 2000s. ...
What the heck is an escrow account?
Some financial terms are easy to understand, like “money” or “savings account.” Other terms, though, can be a bit harder to understand, like “escrow.” You might have seen this term, ...
CUs: FinCEN must work with regulators on ‘no-action letter’ process
Credit unions and their trade groups applauded the Financial Crimes Enforcement Network (FinCEN) for proposing a “no-action letter” process but warned that it would be unfair if the NCUA and ...
How long do closed accounts stay on my credit report?
When you close an account, it may not be removed from your credit report immediately. This is true whether the closed account is a credit card or an installment loan. ...
U.S. consumers increased their discretionary spending for the first time since February
Despite the headlines, consumers and businesses continue to spend, says Visa’s Chief Economist, Wayne Best. In a recent interview with the Wharton Business Daily podcast, Wayne Best, Visa’s ...
Cross-regulator no-action process would provide oversight, consistency
CUNA strongly supports the Financial Crimes Enforcement Network’s (FinCEN) effort to establish a no-action letter process, it wrote to FinCEN Friday. No-action letters come from government agencies stating it ...
NAFCU shares concerns on bill providing NCUA with additional vendor authority
NAFCU Senior Vice President of Government Affairs Greg Mesack Friday wrote to the Senate Banking, Housing, and Urban Affairs Committee to share the Association’s opposition and concerns regarding S....