In credit union lending, some unfortunate costs of doing business include delinquencies and reduced collections due to member bankruptcies. With about 750,000-800,000 people filing for bankruptcy every year in the U.S., your [...]
Another CUNA GAC has come and gone, another Wegner Dinner under our belts, and with that comes a renewed sense of purpose and excitement for the credit union movement. I don’t know about everyone [...]
It’s that time of year where college hopefuls start getting their acceptance letters and financial aid offers. May 1 is the general deadline for students to let schools know their final decision on whether [...]
As cyber-attacks continue to grow in complexity and frequency, the need for a comprehensive data protection strategy is essential, but it may not be enough. Consider that: 73% of companies are not adequately prepared to [...]
Your strategic planning process must address a dramatic level of change that credit unions face in today’s world of rapidly evolving technology, regulation and economic dislocation. You need every competitive advantage to compete effectively. [...]
Liquidity. Every credit union seems to need it. Yet, no one seems to know where to find it. At the end of 2018, the credit union industry’s collective loan-to-share ratio was at an all [...]
The World Council of Credit Unions urged the Basel Committee in Banking Supervision to provide flexibility when it comes to leverage ratio disclosures. The Basel Committee is the primary global standard setter for the prudential [...]
The House Financial Services Committee next week will markup a bill designed to provide a safe harbor for credit unions and other lenders that serve marijuana-related businesses in states that have legalized the drug. The [...]
Change has never happened this fast before, and it will never be this slow again.” We’ve all heard iterations of this quote and concept. While this particular rendition came from Graeme Wood via Twitter, [...]
Federal Reserve officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of the central bank’s bond holdings in September after holding policy steady on Wednesday. [...]
More than 5,000 credit unions serve millions of Americans with affordable, convenient financial products and services, according to the Credit Union National Association (CUNA). Key trends impacting these important not-for-profit banking institutions were discussed [...]
Nearly a decade ago, Grow Financial Federal Credit Union ($2.5B, Tampa, FL) faced a problem to which many other credit unions can relate. Each department within the organization collected large volumes of member data, [...]
What are you passionate about? That’s a question my daughters would hear often when they were deciding where to go to college, what to study and what job to take. (Clearly, asking the question [...]
Competition in the financial sector is fierce—not only from other banks, but also from the likes of Amazon, Apple and Google. These behemoths of technology—and, more importantly, the customer experience—are all looking [...]
Like all community-focused institutions, credit unions face unprecedented challenges from an ever-growing cadre of non-traditional digital players. And that’s on top of traditional competitors they face. To succeed, credit unions and banks must maintain [...]
