Back-to-school!
Yes, the summer flew by. And with the end of summer comes back-to-school. As parents re-start the routine of another school year and kids say goodbye to lazy summer days, this provides us some great [...]
News Archives
Employee volunteerism: Capturing your credit union’s community commitment
While a bank’s greatest interest is generating profits for their shareholders who can be located anywhere in the world, credit unions are only interested in keeping money in the pockets of their credit union [...]
CECL delay to 2023 proposed, comments due Sept. 16
The Financial Accounting Standards Board (FASB) has issued its proposal on giving certain entities, including credit unions, additional time to implement the current expected credit loss (CECL) standard. The proposal would delay implementation of CECL [...]
NY Fed: Household debt exceeds peak reached in 2008
The Federal Reserve Bank of New York this week released second quarter data on household debt and credit that showed total household debt reached a new high of $13.86 trillion – $1.2 trillion (in [...]
Inside Marketing: Machine learning is the secret to personalization
“Machine learning” and “financial services” are not two concepts that obviously go together—after all, financial institutions, particularly credit unions, rely and pride themselves on established trust with their members that traditionally stems from rapport [...]
McHenry calls for financial industry cybersecurity hearings
The ranking Republican on the House Financial Services Committee is requesting hearings on data security in the financial industry, including the role that regulators play in the oversight of data protection. “Over the last eight [...]
5 reasons why attending a CO-OP Roadshow gets you ahead of industry challenges
Four incredible cities remain in CO-OP’s 2019 Roadshow tour: Chicago, Nashville, Houston and Washington, D.C. CO-OP Roadshows are designed to help you get ahead of the payment and fintech trends that will impact [...]
Paul Newman, millennials and the CU passage to lending in the future
Have you ever tried Newman’s Own salad dressing? Most of us have at one point or another and, if you haven’t, chances are you’ve heard of it. It’s owned and operated [...]
What financial marketers can learn from Amazon about personalization
The intersection of privacy and personalization is a hot topic across all industries, not least the banking industry. Consumers are growing increasingly skeptical of what brands know about them and how they use it. Nearly [...]
The role of credit unions in the student loan crisis
With student loans continuing to soar, the crisis has become a hot topic in both political and financial news. Student loan debt has reached astronomical levels in the United States, with 44.2 million Americans [...]
Credit union lending reaches $1.1T. That’s only part of the story
The total loan portfolio at U.S. credit unions reached almost $1.1 trillion in the first quarter of 2019. Aggregate loan balances expanded 7.9% — or $77.6 billion — year-over-year. Growth, however, was 1.[...]
3 tips for the struggling budgeter
It’s not always easy to stick to a budget. Between the spending urges and the gray areas, it’s easy to cheat. If you or someone you know is having trouble sticking to a [...]
What is your human capital strategy?
As we bask in the last long days of August, I am reminded of how my friends and I would end each summer during middle school: Lounging in my backyard (unconcerned about the damaging effects [...]
Member rewards programs: Why we get it wrong
Credit unions can be the kings of R & D: Rip-off and duplicate. If someone is doing it already, why reinvent the wheel? Just offer the same thing. How else can you explain the lack [...]
Remember your WHY when strategic planning
As many credit union executives and volunteers congregate around board tables this fall for their all-important strategic planning meetings, I wanted to share some brain food from one of my favorite authors, Simon Sinek. He [...]