Several pieces of legislation will be on the House floor this week, and a number of hearings will cover matters of interest to credit unions. Among other bills, the House is expected to vote on [...]
NAFCU Chief Economist and Vice President of Research Curt Long noted that Friday's jobs report – with 224,000 jobs gained in June – reveals moderate economic growth, specifically in labor force participation, but he still expects [...]
Credit unions and their employees face intensifying challenges. With increasing fiduciary risk, market volatility and employee retirement unpreparedness, the need for a 401(k) solution that can provide the due diligence, employee education and user-friendly [...]
Florida’s Attorney General said skimming and spoofing scams are on the rise in the state, and that could make it trickier for credit unions and other financial institutions to get in touch with members [...]
Fears of an Amazon "invasion" in financial services have reached a fever pitch. One Financial Brand article reported that banks and credit unions are "bracing for the Amazon doomsday." Does Amazon--and other big tech companies, [...]
The cooperative financial services industry counted 5,492 credit unions among its ranks as of Dec. 31, 2018. Versus one year prior, that’s 197 fewer institutions, 194 of which were merged or acquired. The [...]
Late last month, the U.S. Department of Justice (DOJ) U.S. Attorney’s Office of the Eastern District of New York announcedeleven defendants had been charged with defrauding banks to the tune of approximately $[...]
Digital disruption of financial services has been debated in articles, podcasts and studies for years. Conference planners have crammed agendas with the theme. Yet many community banks and credit unions are just waking up to [...]
Welcome to episode 28 of The CUInsight Experience podcast. Hosted by Randy Smith, co-founder and publisher of CUInsight.com. Today’s guest is Adrian Johnson the senior vice president and chief financial officer of MECU [...]
Credit unions might be the biggest players in the indirect auto game. The overall margins on indirect auto loans have shrunk— one of the reasons why credit unions are still a major component in the [...]
The other day I heard the expression, “Don’t let your ice cream melt counting someone else’s sprinkles”. I love that! How true it is. We often compare ourselves to others in social and [...]
The universal use of technology has upended business ecosystems, increasing competition for the member’s attention, time and money, and causing structural changes in consumer behavior. Market power is shifting from organizations to members. What [...]
CUNA’s Monthly Credit Union Estimates for May 2019 shows a continuation of slowing loan and membership growth: credit union memberships increased just 0.31%, the slowest May increase since 2014. Moreover, loan portfolios were [...]
As credit unions seek answers to an unclear rule or further clarification on a regulation, NAFCU's Brandy Bruyere compiles a quick guide to navigate the Federal Register in a post this week on the Compliance [...]
I’m a past chapter president for a well-known international women’s organization, The Links, Incorporated. Before I took office, I had a vision to ensure that we were a diverse group of women comprised [...]
