There are a lot of considerations for any organization going through a merger. It takes cooperation and patience to combine cultures, assets and staff during a merger, but for credit unions, the effect on members [...]
Picture this: It’s a warm summer afternoon in your hometown. Two brothers return from the playground to find both their parents had run to the store. Locked out of their home, they did what [...]
Field of membership expansion can set a credit union up for a successful merger—or a merger can set up a credit union to expand its field of membership. One example of the former is [...]
I’m an optimist—even in the midst of challenging times I do my best to stay positive. However, there is a looming negative cloud on the horizon we in financial services must address: the [...]
It’s been a year since I came aboard the National Credit Union Foundation to lead the DE program. I’ve never been happier (or busier!) as I’ve worked to put DE and our [...]
Some people—about 1 percent of the population—can use their right and left hands equally well. Right now, credit union leaders must learn to be similarly ambidextrous—prepared to lead with either their right [...]
Towards the end of 2018, Android users were able to choose among 2.1 million apps. At the same time, Apple's App Store remained the second-largest app store with almost 2 million available apps. That’[...]
We work with a large and growing number of credit unions considered best practices when it comes to serving lower-income and underserved communities. These credit unions are inspiring, and have each built resilient and profitable [...]
Proposed changes to the current expected credit loss (CECL) standard are unlikely to be adopted by credit unions, thus CUNA urged the Financial Accounting Standards Board (FASB) Monday to explore ways relief for credit unions [...]
The Senate Homeland Security & Governmental Affairs Permanent Subcommittee on Investigations will examine private sector data breaches during a hearing Thursday. Representatives from Equifax and Marriott International – both of which experienced data breaches that exposed [...]
Forget sick days: Research shows that presenteeism costs business 10 times more than absenteeism. While workers say that they only take 4 sick days a year, they also confess that they spend nearly 58 days [...]
As House Financial Services Chairwoman Maxine Waters (D-Calif.) prepares to go head-to-head with CFPB Director Kathy Kraninger, the lawmaker is circulating draft legislation that would reverse decisions made by former Acting Director Mick Mulvaney. Waters [...]
Wright-Patt Credit Union ($4.4B, Beavercreek, OH) has undertaken an aggressive, comprehensive initiative to boost the financial wellness of its members and people who the big Ohio credit union would like to make members. Called [...]
Enhancing member experience has been the subject of many blogs and white papers and, there is a reason why this topic is so popular. In fact, there are three good reasons why this topic is [...]
It’s easy to assume the roles and responsibilities of executive management from a traditional perspective. We know that solid mobilization of an entire organization depends on the vision and strategy put in place by [...]
