BOLI and benefits: Two peas in a pod
Since the early 1980s, business-owned life insurance or BOLI has been the go-to strategy for banks and credit unions to offset the cost of executive and employee benefits. At the ...
The latest from John Pettit
Preparing your credit union for surpassing the $10 billion asset threshold
Over the course of the pandemic, credit unions have seen their balance sheets grow at an accelerated pace. This has been fueled by COVID-related policy response, including multiple stimulus payments ...
Are your passwords on the dark web? How to check what leaked after a data breach
If your personal data has been compromised, you often won’t learn about it until T-Mobile, Facebook, Marriott, DoorDash, LinkedIn or any other company you’re trusted with your information ...
ELGA fuels growth for areas in need
In the early months of COVID-19, ELGA Credit Union ($1.15B, Burton, MI) became one of the first local financial institutions to reopen its branch lobbies in and around Flint, ...
Changes coming to the Call Report
On September 27, 2021, NCUA published a notice in the Federal Register regarding the Call Report. The notice is only about a page long, and is seeking comments on changes ...
Celebrate military family wins by getting the most from your VA loan
Military families are special. The character of their lives is marked by sacrifice, dedication, and unending support. They know what it means to come together as a family unit to ...
2021 Maxwell, Herring, Desjardins National Award winners announced
CUNA’s National Awards Committee announced the 2021 recipients of the Dora Maxwell Social Responsibility Community Service Award, the Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Awards for ...
NAFCU issues a Final Regulation Summary on changes to NCUA’s CAMELS rating system
The NCUA during its October meeting issued a final rule to add an “S” component to the CAMEL rating system, which rates a credit union’s sensitivity to the market. ...