Northwest credit union leaders welcomed an opportunity to meet in Olympia last week with Todd Harper, recently sworn in as a Director on the three-person board of NCUA. Rep. Denny Heck, (D-Wash.) helped to facilitate [...]
NAFCU Tuesday sent a Regulatory Alert to member credit unions seeking feedback on the Federal Reserve's FedNow Service – a real-time gross settlement service that will feature integrated clearing functionality designed to process individual payments within [...]
I just returned from five days at the National Speakers Association conference in Denver, Colorado, where I had the opportunity to learn from the best speakers in the world about how they grow their businesses [...]
The African-American Credit Union Coalition (AACUC) recognized Maurice R. Smith as the 2019 Recipient of the AACUC Pete Crear Lifetime Achievement Award at its 21st Annual Conference in Charlotte, N.C. Smith, CEO of Local [...]
A rundown of some recent credit union financial technology announcements focuses on core platform changes, a strategic innovation group, an automated lending solution and a collaborative analytics ecosystem. Jack Henry, a major provider of tech [...]
What’s the difference between a successful planning session and an unsuccessful planning session for your credit union or bank? Execution. Execution makes all the difference. As strategic planning season gears up for financial institutions [...]
Credit unions have a great deal of data on their members - how much they earn, where they spend their money, how much their house is worth. Credit unions now have access to more data [...]
Roughly 15 years ago, a good friend let me know about a job opening at a place called NAFCU. Long story made short, I got the job. (And something else - my colleague, friend, and [...]
This has been a tough month for the industry in terms of data breaches. The most significant incident was the Capital One breach, in which over 100 million consumers were affected. Most businesses have a [...]
IT is a fast-paced field, but Michigan State University Federal Credit Union($4.2B, East Lansing, MI) keeps up with the constant change. Rather than partner with turnkey providers, the MSU-affiliated credit union custom develops [...]
So, what’s all the hubbub about credit unions? Well, they’re pretty cool. They offer virtually all the same stuff a bank will, plus an additional smile when you enter your local branch. So, [...]
In November, the Federal Financial Institutions Examination Council (FFIEC) issued a Joint Statement on Office of Foreign Assets Control (OFAC) cybersecurity sanctions. It warned that many entities sanctioned for malicious cyber activity claim to be [...]
You’ve worked your whole life to lead up to this moment. You’ve put in the hours, studied your heart out, and visualized this achievement again and again. Ane now, you've landed a big [...]
You’ve likely been to at least one networking event in the past 6 months that included a meal, or at least tables where folks sit down for a program of some sort. Usually this [...]
The Consumer Financial Protection Bureau (CFPB) has announced adjusted threshold amounts for several provisions in Regulation Z, which implements the Truth in Lending Act (TILA). The CFPB is required to calculate the dollar amounts for [...]
