3 takeaways from the first quarter of 2021
The industry is adapting to a changing economic landscape under the lingering shadow of the COVID-19 pandemic. Credit union balance sheets expanded at record rates over the past year, particularly ...
The latest from John Pettit
To file or not to file: A CTR refresher
Occasionally, the compliance team receives questions about interesting transactions conducted by members and whether a Currency Transaction Report (CTR) is required. Credit unions take their BSA/AML requirements seriously and ...
Compliance: GAO conducts review of ‘de-risking’
The Anti-Money Laundering Act of 2020 requires the Government Accountability Office (GAO) to conduct a review of “de-risking” practices in financial services. The U.S. State Department defines de-risking as ...
Berger defends CU-bank mergers, blasts bankers’ misleading claims
NAFCU President and CEO Dan Berger, on Friday, rebuked the American Bankers Association’s latest attempt to mislead congressional leaders and regulators on bank-credit union mergers in a letter to ...
Lending Perspectives: How sharp is your pricing pencil?
Last month, I shared some ideas on how to increase loan growth. Sharpening your pricing pencil was one I mentioned, but to price correctly, you must be committed to an ...
Sharing your vision and story unfiltered with Alina Murcar
Real. Vulnerable. Unfiltered. Sounds like the start of a fantastically angsty pop song, but it’s also a stellar way to approach sharing your financial institution’s vision and story. ...
Payments modernization: An account holder view
You’ve heard the term payments modernization and appreciate the value. However, offering a modern payment experience can be difficult when you have a legacy infrastructure with various vendor solutions ...
Resisting the DarkSide
The successful dark side ransomware attack in which hackers were able to disrupt a major pipeline providing gas to states throughout the east coast has once again brought the issue ...