NCUA board finalizes corp. CU rule, issues derivatives proposal
The NCUA board finalized its corporate credit union rule and proposed a new rule on derivatives at its Thursday meeting. Detailed coverage of the meeting can be found on CUNA’...
The latest from John Pettit
FedNow Pilot Program seeks participants
The Federal Reserve is looking for financial institutions – including credit unions – service providers, and payment processors to participate in its FedNow Pilot Program to support the development, testing, and adoption ...
Inside Marketing: Inspiring hope in 2020 and beyond
The theme for this year’s International Credit Union Day, “Inspiring hope for a global community,” is especially fitting. It has been a challenging year, with the unexpected emergence of ...
PODCAST: Meeting the COVID-19 challenge
As difficult and devastating as the coronavirus (COVID-19) pandemic has been, it’s also brought out the best in many credit union leaders. Take Tillery Durbin of 121 Financial Credit ...
Do we need to file a CTR for nonmembers?
A nonmember walks into a credit union’s branch in location A and completes a wire transfer for $6,000 to John Smith. Later that day, the same nonmember visits ...
How to increase non-interest income for your financial institution
Increasing non-interest income while staying true to your financial institution’s mission can be tricky. Income is obviously necessary to run a successful business, but lenders sometimes feel that seeking ...
The three biggest digital marketing mistakes of 2020
In the months following the onset of COVID-19, there’s been a universal experience: the need to use technology to protect our health, whether it’s to enable remote work ...
Credit unions offer a calming hand to members under financial stress
Being there for everyday “moments” in members’ financial lives has never been more critical for credit unions. It’s the key to building trust, which leads to enduring relationships and ...