Pushing back against opponents of the NCUA's proposal to raise the appraisal threshold for credit union nonresidential real estate loans from $250,000 to $1,000,000, NAFCU's Carrie Hunt penned an op-ed in American [...]
By definition, strategic planning and financial forecasting require making assumptions about the future. However, common sense tells us that the future seldom unfolds as expected. Therefore, a well-developed business plan and forecast should address that [...]
Interest-rate risk is a core competency, not only for directors, but for their credit unions, says Brian Smith-Vandergriff. “If you do interest-rate risk well, you can be a better credit union,” Smith-Vandergriff, a partner at [...]
Edward Rostohar, 62, the former president/CEO of the $21 million CBS Employees Federal Credit Union, is scheduled to be sentenced in September after he pleaded guilty to one count of bank fraud Monday in [...]
Instant payments is an innovation that doesn’t require much explanation. Getting immediate access to money is an obviously better solution than waiting for the check to arrive in the mail, or constantly refreshing a [...]
Banks and credit unions face many challenges when it comes to the minimization of risks and losses, but the level of acceptance varies for new solutions built to meet the regulatory demands in this area. [...]
For CUES member Marty Pell, CIE, SVP/chief lending officer for $3.2 billion Coastal Federal Credit Union, Raleigh, North Carolina, the economic landscape is top of mind when it comes to the future of [...]
With the unemployment rate hitting a 50-year low of 3.6%, credit unions across the nation are competing like never before in a highly fluid job market. A 2018 Gallup pollfound that 51% of U.[...]
Financial institutions have been scrambling to develop a data analytics roadmap to drive their digital transformation efforts. Yet senior leaders often fail to prioritize one mission-critical step early enough to accelerate the building of a [...]
Over the years, you’ve probably been told some things you should do for your car that you didn’t do but should have. You’ve also probably been told some things you shouldn’t [...]
Mother’s Day recently passed and has me thinking a lot about the sacrifices my mom made to make sure I could achieve my goals. She was a hard-working professional who was incredibly strict and [...]
If there’s one thing in life that’s certain, it’s that we are alive to be happy, find joy, and live life to the fullest. Unfortunately, many of us carry undue burdens that [...]
Here’s the thing…. You will never be the perfect employee. Did you hear the world crashing down all around you? Oh, you will try. There will be days that you feel like you are [...]
CUNA supports federal credit unions’ access to federal courts via diversity jurisdiction, one of the two methods for a federal court to have jurisdiction, the association indicated in an amicus brief filed Monday. CUNA’s [...]
Treasury Department Counselor Craig Phillips is expected to leave the department next month, according to Politico. NAFCU has met with Phillips several times on housing finance issues, most recently in March. During that meeting, the [...]
