It’s not uncommon for credit unions to work with non-traditional industries and financially-vulnerable populations. In fact, offering financial services to unbanked people such as recent immigrants and other disadvantaged groups dates back to the [...]
I was at a Chapter meeting recently and overheard someone talking about their “misery” ratio. That’s a new one, so I asked him what he meant by “misery.” He said it was based on [...]
CUNA supported appropriations levels for two credit union-related funds in the Financial Services and General Government (FSGG) Act for Fiscal Year 2020 in a letter to House Appropriations Committee leadership Tuesday. The committee passed the [...]
A bipartisan group of senators has released draft legislation to reform aspects of the Bank Secrecy Act (BSA), specifically targeted at anti-money laundering (AML)-combating the financing of terrorism (CFT) requirements. The draft comes as [...]
The battle between bank and credit union access to military bases has flared once again, as both sides said they expect Rep. Trent Kelly (R-Miss.) to offer an amendment to the annual defense authorization bill [...]
Online and mobile banking channels are standard today, but it takes more than that to compete for a customer's loyalty. This has many buzzing with the term ‘user experience’ – but does this phrase really matter? [...]
There’s a saying that goes “It seems too good to be true.” For years, Facebook has been a leading force in social media tech. However, a recent research from eMarketer has everyone wondering, “What’[...]
Branding is universal. Whether in Midland, Texas, or Milan, Italy, brands are everywhere. They’re competing for consumer attention, which means some brands win and some brands lose—even if both stay in the game. [...]
The financial services industry is changing, and quickly. From new technology to increased regulation, credit unions are experiencing the effects of these changes each day. On top of that, credit unions are facing threats now [...]
When first asked if technology training differs much from the other types of training credit unions tend to do, Dixie Abramian, CME, CSE, responds, “not necessarily. There is always a learning curve when it comes [...]
ELGA Credit Union($703.8M, Burton, MI) is banking on the fourth try being the charm. Three earlier efforts to open a branch in downtown Flint didn’t pan out, but this time ELGA is [...]
I’m currently sitting at the beach with my 6 year old fast asleep on the couch beside me. In these quiet moments I’m reminded of just how precious every moment with her is. [...]
In 2010, a resident of Jacksonville (FL) completed the first real-world purchase of consumable/material goods using Bitcoin. Laszlo Hanyecz, a pioneering spirit, paid 10,000 Bitcoin for a couple of Papa John’s pizzas. [...]
As the chart below illustrates, credit union loan growth has been strong for some time. For example, year-end 2018 data revealed industry loan growth of 9.5% over the previous twelve months. The prolonged loan [...]
Sheltered Harbor, a voluntary initiative designed to help protect against cyberattacks, will conduct a free informational webinar June 18. CUNA is a founding board member of Sheltered Harbor and recently joined other financial trade associations [...]
