CUInsight Minute with Lauren Culp – July 8, 2022

Welcome to the CUInsight Minute, sixty seconds from our Publisher & CEO Lauren Culp with our favorite reads from the week.

Mentioned:

Stop counting cars at the car wash: Use data to improve compliance outcomes
by TONY REPANICH, SHIELD COMPLIANCE
Even as the legal cannabis market continues to expand and state-level legalization continues to advance, many credit unions are hesitant to develop cannabis banking programs because of the associated risks and compliance requirements. But with the right technology and processes in place, bankers can put data and automation to work to turn these challenges into strengths. So, what does this have to do with counting cars at the car wash? (read more)

Do our financial first responders have the PPE they need?
by MICHELLE CHRISTIE, NATIONAL CREDIT UNION FOUNDATION (THE FOUNDATION)
“We know who gets hurt in economic downturns. It’s the same members that got hurt last time. Shame on us as credit unions if we march into another financial downturn and let the same communities get hurt again.” That was one of many mic-drop moments from Maurice Smith during a recent panel conversation, held in partnership by Filene and the National Credit Union Foundation (the Foundation). (read more)

Supporting Your Team’s Mental Health After a Violent News Event
by KELLY GREENWOOD, HBR
As the mom of a kindergartener and second grader, the devastating news about the mass shooting at Robb Elementary in Uvalde, Texas hit close to home. Both of my kids’ classrooms are close to their school’s entrance, which has worried me more than once this year. Some called the tragedy unimaginable, but unfortunately, it has become all too imaginable. (read more)