3 tips for negotiating a salary
Getting offered a new job is always exciting, whether you want the job or not. Sometimes, you’ll get a job offer without even trying. But if it’s something you’re interested in, you’[...]
News Archives
Five lies credit unions tell themselves
Being a credit union is hard. There is no arguing with that. Regulatory pressures, attracting and retaining talent, slim margins, market saturation…there are a lot of things making our job of serving members and [...]
Credit unions are not-for-profit, we’re for members
A recent MarketPlace.org article attributed credit union growth to lax regulations. Headlined with “As relaxed regulations spur credit union memberships, banks cry foul,” the article touts how credit unions have grown 60% over the [...]
? + ? = 10
When I first became CEO of my credit union a few years ago, I was overwhelmed by the daunting task before me. The credit union had always had a rich history of servicing its members, [...]
CUNA releases toolkit on CU tax status benefits
CUNA is reaching out to leagues and member credit unions with a toolkit stocked with resources to demonstrate the wide variety of public benefits that exist due to the existence of not-for-profit financial cooperatives. CUNA [...]
British bank fined $1.1B
A British bank has been fined by U.S. and U.K. authorities $1.1 billion for violating various U.S. sanctions against certain countries and inadequate financial crime controls. Among the findings, authorities determined [...]
NextGen Know-How: How to manage your emotional hot buttons
I had just returned from a rare weekend away with friends when I walked into my house to find a mess—clothes all over the floor, living room pillows scattered everywhere, papers littering the table [...]
Hackers try smaller amounts three years after $100 million heist
Three years after hackers managed to siphon off more than $100 million from the Bangladeshi central bank’s account in the U.S. Federal Reserve, cyber-criminals are going smaller. In 2018, attempted fraudulent transactions ranged [...]
How home equity lenders must beat back online threats
Home equity lenders aren’t just competing with each other, but also with online providers of personal loans. All indications are that the speed, convenience, and generally superior digital experience offered by fintech lenders in [...]
3 factors impacting GAP in 2019
Rising costs, depreciation values, and total loss claims are disrupting the way the auto market is doing business as dealers, lenders, and consumers grapple with how to best handle the strain on finances and resources. [...]
Report: Taking a look at consumer complaints to the CFPB in 2018
As required under Dodd-Frank, late last month the Consumer Financial Protection Bureau (CFPB) released its Consumer Response Annual Report for the period of January 1 to December 31, 2018. This report is a breakdown of [...]
The Escalator is off: A brand goodbye to Sears
There’s a terrific scene in the 1995 Brady Bunch Movie when father Mike Brady tells his family “Put on your Sunday best, kids. We’re going to Sears!” The titular family loads up the [...]
To meet long-term goals, 2 credit unions go short
Interest rates have hovered near historic lows for a decade, making it more efficient, and more member friendly, for credit unions to deploy capital in other ways. In the past five years, the percentage of [...]
3 credit score myths debunked
Never assume a good credit score is out of reach. Your credit score is just one of the many factors including your income, employment history etc. that determine the amount of debt you can handle. [...]
The digital imperative
The digital evolution continues to advance at a sometimes dizzying pace. New fintechs seem to appear on an almost daily basis. Meanwhile, successful start-ups are joining forces with established companies, expanding their capabilities and potential [...]