NAFCU met at the Treasury Department Friday to discuss housing finance reform efforts happening on Capitol Hill as well as credit union priorities for reform. The association has led efforts to ensure credit unions' unfettered [...]
As I look back over my career, it’s pretty clear that there are significant reasons why it helps to be a depository lender—one that takes in deposits and uses them to make loans. [...]
Although former credit union CEO Saundra Torrence originally faced 33 felony counts of embezzlement, theft, fraud and making false entries, she pleaded guilty to only one felony charge for which she was sentenced last week [...]
2019 will see big changes in the payments ecosystem driven by the upsurge of mobile payments, new reward schemes and fintech-banking partnerships. These changes will help financial organizations cater to the payment preferences of today’[...]
My first job was with Estée Lauder. Well, my first real job—the 40-hour-a-week, punch-a-time-card, wear-a-uniform kind of job. That’s right, a uniform complete with the mandatory 2.5-inch heels. (Yes, seriously.) Over [...]
Greetings Compliance Friends! We are excited to kick off our Spring Regulatory Compliance School this week! For those missing out, there is no need to fear as the NAFCU Compliance Team will also be hosting [...]
As leaders in the mortgage lending industry, we have the distinct privilege of working directly with key decision makers at lending institutions to learn about their challenges and provide solutions. When it comes to ensuring [...]
Let’s say you open up a business account for a new member. The account is used to hold funds invested in the account holder’s business. You start seeing some suspicious activity such as [...]
Welcome to episode nine of The CUInsight Experience podcast. Hosted by Randy Smith, co-founder and publisher of CUInsight.com. Our guest this week is Maurice Smith. Maurice is the president and CEO of Local Government [...]
The results are in! The NCUA has released its 2018 fourth-quarter call report, and the good news is nearly 5 million new members joined the CU movement last year (the exact figure reported was 4.[...]
Credit unions continue adding members at a record pace. Membership grew by a record-high 4.5% as of end-2018 (up from 4.1% in 2017), fueled by strong U.S. economic performance, an optimistic outlook [...]
I’m not really sure where the phrase was coined. The natural response would be because March is when college basketball playoffs and high school tournaments across the nation take place. High rank teams may [...]
Credit unions wrapped up another successful, record-breaking CUNA Governmental Affairs Conference Thursday with the last of their visits to Capitol Hill. During the week credit union advocates visited with every Congressional office to tell stories [...]
The Senate yesterday approved the nominations of Rodney Hood and Todd Harper to serve on the NCUA Board; they were cleared by voice vote. "NAFCU congratulates Rodney Hood and Todd Harper on being confirmed to [...]
Federal prosecutors alleged former Municipal Credit Union CEO Kam Wong, who is awaiting sentencing for stealing nearly $10 million, allegedly “dissipated assets” of nearly $700,000 to avoid the government’s seizure of those funds. [...]
