News Archives

Build stronger member relationships through financial counseling

Build stronger member relationships through financial counseling

According to a recent BlackRock report, financial worry outranks other leading stressors including health, family and work. Financial stress is a top worry for American families because many of them live paycheck to paycheck and [...]

Letting it go

Letting it go

It is easy to smile when you're winning. When the ball bounces your way. Success puts a skip in your step. You have an extra dose of patience, and you glow with self-confidence. Everyone loves [...]

Freddie Mac launches new fixer-upper mortgage loan

Freddie Mac launches new fixer-upper mortgage loan

A new loan product from Freddie Mac – CHOICERenovation – allows borrowers to combine home improvement costs with a mortgage or refinance loan. "We realized that there's a significant amount of aging housing stock and a severe [...]

What’s your ‘risk appetite?’

What’s your ‘risk appetite?’

Organizations often prioritize risk management only during bad times, says Steve Houle, vice president, advisory service, for Catalyst Corporate Federal Credit Union. “That’s the wrong way to manage,” says Houle, who addressed the 2019 [...]

Summer breach season claims Canadian credit union

Summer breach season claims Canadian credit union

The $295.5 billion Lévis, Quebec-based Desjardins, Canada’s largest credit union with 7 million members and 46,216 staffers, and one of the world’s largest financial institutions, disclosed an employee-caused breach. In [...]

5 must-reads: What to make of Facebook’s Libra announcement

5 must-reads: What to make of Facebook’s Libra announcement

Earlier this week Facebook unveiled its plans to launch a new blockchain-based payments network called “Libra.” The announcement came after a lot of speculation over whether Facebook would be making an entry into the global [...]

The good, the bad, and the reserved

The good, the bad, and the reserved

Effective Jan. 1, 2022, the nation’s credit unions will face what consensus holds is the biggest accounting change for financial institutions in decades. That’s when member-owned cooperatives will be required to adhere to [...]

Is your credit union appealing to unbanked millennials?

Is your credit union appealing to unbanked millennials?

Not all unbanked Americans are in that state due to poverty, a new study finds. Some are unbanked by choice. A survey analysis performed for Packaged Facts finds that there is a general trend away [...]