Washington says a major change in the mortgage-backed securities market could make home loans more affordable nationwide. Not everyone on Wall Street is so sure. The revamp, the most significant overhaul of the market in [...]
Social media channels provide financial institutions with a unique opportunity to engage in helpful two-way communication with customers, prospects, employees and critics. However, communicating with customers through social media carries its own regulatory and compliance [...]
When I encounter resistance during a strategic planning session with a credit union, I know it’s time to pause, regroup, and gain perspective. Resistance rarely happens because the board and leadership team don’t [...]
Lenders, it’s important to understand flood risk exposure, regulatory compliance, and insurance, so that your institution can be proactive in planning for changes ahead in the industry. Historically, flood coverage was deemed too high [...]
When SAFE Federal Credit Union ($1.1B, Sumter, SC) was looking for a new hire to lead the transformation of its operations through critical systems conversions and beyond, it found a “purple unicorn” in Wayne [...]
We all know that credit cards can be a valuable weapon in your spending arsenal. They can help you build good credit when you're just starting out, and can come to your aid in the [...]
Have you ever participated in what you knew would be a difficult conversation even though you knew it wasn’t a good time? You may have been distracted, in a bad mood, or tired. You [...]
If your credit union is running smoothly, why should you make any changes? Do you really need to redesign your app, transform your branches, or shake up your product offerings? When everything is going well [...]
Looking for another way to boost your IRA business? Allowing successor beneficiaries to maintain an inherited IRA (sometimes called a “beneficiary IRA”) at your organization is an easy way to achieve this goal. What exactly [...]
After successfully passing their exams at CUNA Regulatory Compliance Certification Schools, 87 credit union professionals have earned their Credit Union Compliance Expert(CUCE) designations. “If you need a great overview of the Compliance world, the [...]
Passing into law The SAFE Banking Act (H.R. 1595), which would institute a safe harbor for financial institutions serving legal marijuana businesses, would increase insured deposits at credit unions by about $200 million by [...]
With a high number of privacy rules and guidelines currently being enforced, how can a credit union use contract management software to mitigate risk and protect members’ personally identifiable information? Legislation and regulations continue to [...]
It may be one of the worst kept secrets in the credit union industry. Unconfirmed rumors have been circulating since last year about a proposed merger of the Georgia Credit Union League with the League [...]
You’ve probably read it somewhere. Someone has probably told you. Chances are, you know that your credit union needs a business continuity plan, but you don’t remember exactly where you first heard it. [...]
Whether they swipe or insert, Americans have a proven tendency to reach for their credit cards over all other payment options. And it’s not just tactile appeal--credit cards exceed debit cards in usage whether [...]
