Examiners behaving badly
Before I jump into the kind of behavior that warrants an article like this, I want to say that I think most Examiners are good. Over the years, I’ve been fortunate to work with [...]
News Archives
CU tax status one of the best investments a gov’t can make
The tax treatment conveyed on credit unions continues to serve the purpose for which it was created and is one of the best investments that the government makes in its citizens, concludes a new white [...]
Consumer credit up 4.5%; growth may temper in 2019
Total consumer credit rose 4.5 percent in February (seasonally-adjusted, annualized) and is up 5 percent versus a year ago. NAFCU Research Assistant Dhruv Singh noted that while consumer credit remains steady, overall growth may [...]
Grow deposits and have a strong payments strategy
The diversion of funds from checking accounts to such alternative accounts as PayPal, Amazon, Playstation, health savings accounts and robo-advisor tools is negatively impacting credit unions by diverting money away from checking accounts, according to [...]
Defer to states on marijuana, data privacy, legislators tell Congress
As Congress struggles with the hot button issues of data security and marijuana regulation, the nation’s state legislators are urging the federal government to defer to states on policies governing the two. Most recently, [...]
Competitive conditions mandate credit unions increase focus on checking
In our work with credit unions across the United States, we experience a variety of perspectives about checking. For most, it is part of doing business, but not necessarily a concerted point of focus. Who [...]
Recap of Week 1 of #CUFinHealth Month – Save
As you may have seen, the Foundation has gone a bit rogue and “credit union’izing” Financial Capability Month. Here’s why: At the Foundation, one of our three pillars of work is to Ignite. [...]
What credit unions can learn from Apple’s Special Event
In the wake of Apple’s most recent Special Event, one thing is clear: there is no escaping our corporate overlords. Apple, the company that already lives in the pockets of just over 45% of [...]
Board Liaisons: Cat wranglers and champions of strong boards
Stop me if you have heard the one about the person tasked with herding cats. It’s the notion that gathering strong personalities, tenacious professionals and overloaded leaders can be a losing battle of wills. [...]
5 ways to make flying easier
Traveling is fun for a lot of people, but can also be a source of stress for some. It’s fun to see different parts of the country (or world), but it can be frustrating [...]
5 ways to reduce late loan payments
This past weekend, I went grocery shopping on my iPad. I can see what my dog is up to while I’m at work from my desktop computer. My phone gives me driving directions, plays [...]
Evolution of the NOL Could Affect Future NCUSIF Payouts
Credit unions will receive an equity distribution from the National Credit Union Share Insurance Fund (NCUSIF) for the second year in a row, but the prospect for future payouts is uncertain. Much will depend on [...]
Consent vs. consensus: How decision-making at your financial institution is stalling innovation & growth
Over the last year I’ve found myself in meetings with our internal team or clients, asking the group… “Ok, I hear what you are saying. So, what do you propose as a next step [...]
Compliance: Regulators update CECL FAQ document
The NCUA, along with other federal financial regulators, has posted a frequently asked questions (FAQ) document on the current expected credit loss (CECL) standard. CUNA has called on NCUA to provide credit unions with resources [...]
Hood named NCUA Board chair
Rodney Hood was named chairman of the NCUA Board today as he was sworn into office. He replaces J. Mark McWatters, who will remain on the board; McWatters' term is set to expire in August. [...]