One wintry Saturday morning a couple years ago, a new member and her two preschool daughters walked into Community Plus Federal Credit Union in Rantoul, Illinois, and approached the loan officer’s desk. The woman [...]
Ken Schaafsma likens setting a risk threshold to crossing a speed bump. When you’re about to make impact, it’s time to slow down. "Sometimes risk appetites are quantitative, sometimes they’re qualitative,” says [...]
In the face of the CFPB’s plan to loosen rules governing so-called payday loans, the House Financial Services Committee plans to explore legislation that would tighten the regulations, according to a memo produced by [...]
WILL YOU SIGN up for the Apple Card? You probably will, frankly. Apple’s latest innovation, which arrives this summer, is a credit card that comes with all kinds of conveniences: No late fees! No [...]
Data Use Cases is an ongoing series showcasing real use cases of success that credit unions have had using data analytics to solve real world problems. Data analytics was once the sole domain of giant [...]
“They are a generation of coddled infants who developed into demanding tyrants.” This quote sounds a lot like the statements I hear veteran board members make about “those damn millennials.” While the line certainly seems [...]
Or rather, the lack thereof. The NAFCU Regulatory Compliance Team regularly gets asked whether federal regulations apply to business deposit accounts. Most consumer protection rules do not apply to deposit accounts held by a business. [...]
Welcome to episode 16 of The CUInsight Experience podcast. Hosted by Randy Smith, co-founder and publisher of CUInsight.com. The President and CEO of the California and Nevada Credit Union Leagues, Diana Dykstra, is today’[...]
In the credit union world, we’re people helping people, right? That idea makes a good mission statement, but it often seems like the generosity and goodwill apply only to the members and not the [...]
Gen Y culture is fully integrating into the workforce. And as they enter their careers, millennials, like every generation before them, will carry their philosophies and standards with them into their chosen industries. As the [...]
“Nobody is as smart as Everybody” – Kevin Kelly Crowd sourcing is all the rage – use the collected knowledge and wisdom of a large population to review choices, assemble information and make connections. In the business [...]
Credit union supporters are encouraged to nominate individuals and organizations for the Herb Wegner Memorial Awards to be presented by the National Credit Union Foundation (the Foundation). Winners will be honored at the Foundation’s [...]
The CFPB has issued a request for information (RFI) on its remittance rule – a positive sign for the industry as the bureau considers possible changes to the rule. NAFCU has long expressed concerns about the [...]
Credit union leaders have become increasingly aware of the importance of good governance and have made an effort to ensure that their credit unions are adopting cutting-edge governance and leadership practices. From assessing the effectiveness [...]
After Kevin Robert Lee admitted to embezzling more than $800,000 from the $222 million Florida State University Credit Union, prosecutors revealed new details about how the former lending director used the identity of a [...]
