It’s all about your people
I’m a Southwest Airlines loyalist and proud of it. I’m also a road warrior with hundreds of travel days each year… and that’s just for work. I’ve traveled all the big [...]
News Archives
It pays to know: digital lending’s three coolest features
The need for financial institutions to adopt digital lending technology, especially for consumer and small- to medium-size business loans, has been well-documented in recent years. The threat to financial institutions from non-bank digital lenders is [...]
CUNA backs maturity limit increase as part of FCUA modernization
Longer maturity limits for federal credit union loans would allow credit unions to better service members, CUNA wrote to Reps. Lee Zeldin (R-N.Y.) and Vicente Gonzalez (D-Texas) Monday. Zeldin and Gonzalez introduced a bill, [...]
NAFCU economist: February jobs report ‘should not set off alarm bells’
NAFCU Chief Economist and Vice President of Research Curt Long noted that Friday's jobs report – with 20,000 jobs gained in February – is not low enough to cause immediate concern. "February job growth was surprisingly [...]
Field of membership dispute nearly derails merger
A not-so-funny thing happened on the way to the Feb. 1 merger of Merrimack Valley Credit Union and Bridgewater Credit Union: The legal fight over federal field of membership rules almost derailed it. In June [...]
Slide show: Highlights from the 2019 CUNA GAC
Former Secretary of State John Kerry lauded credit unions’ legacy of providing fair access to the financial system during his keynote address Monday at the 2019 CUNA Governmental Affairs Conference. Other highlights included a poignant [...]
14.4 million victims in 2018; Complicated fraud types elevated: Javelin
San Francisco-based Javelin Strategy & Research’s 2019 Identity Fraud Study revealed 14.4 million scam victims in 2018; and complex and sophisticated fraud types at elevated levels, despite extensive anti-fraud measures adoption. The report [...]
US DOL opposes exempt employee thresholds
Here we go again. Few issues have twitter-pated the credit union industry in recent years as much as the Obama Administration’s proposal to raise the salary threshold required to classify an employee as exempt. [...]
The increased importance of self-development in banking
It is becoming increasingly clear that in order to be better positioned for the future of banking, new skills and capabilities will be required. Organizations will definitely need to invest in human resources, balancing the [...]
Prepaid accounts FAQ: Are gift cards covered?
We are getting to the final weeks before the CFPB’s prepaid account rule goes into effect. To help credit unions navigate the complexities of this rule, this month’s NAFCU Compliance Monitor article provides [...]
4 things you need to know about ATM and branch equipment management and maintenance
Many financial institutions spend too much time and money juggling numerous vendors to keep their equipment, including ATMs, up and running. (Just ask Bank of America, which pays $1 billion a year just to shuffle [...]
Are you at risk for person-to-person bill pay fraud?
Financial institution employees and accountholders should be extra cautious of the increase in transaction risk especially when someone signs into online banking and creates a P2P bill pay type of transaction. Adopt fraud monitoring tools [...]
It’s a big week in Washington D.C. at CUNA GAC 2019!
Once again the streets of D.C. are full of credit union advocates who have descended on our nation’s capital to attend “the premier event for political impact in the credit union industry.” In [...]
How to be a credit union advocate
We have millions of stories to tell. Every credit union member – all 115 million in the United States – has a unique perspective on how they benefit from their credit union. Then there are the 5,[...]
The CUInsight Experience podcast: Steve Swanston – Do the next right thing (#8)
Welcome to episode eight of The CUInsight Experience podcast. Hosted by Randy Smith, co-founder and publisher of CUInsight.com. Our guest this week is Steve Swanston. Steve joined Velocity Solutions in 2015 as an Executive [...]