The Student Loan Landscape According to a recent Forbes article, student loan debt has more than tripled since 2004 totaling $1.52 trillion with the average student loan debt per borrower totaling $37,172. Some [...]
I believe it is safe to say that we all have had questionable management moments at some point in our career lives. Whether it is the management that refuses to be on the same level [...]
The U. S. House of Representatives Tuesday passed H. Res. 77, expressing the sense of Congress that “financial institutions and other companies should work proactively with their customers affected by the shutdown of the Federal [...]
The Federal Open Market Committee (FOMC), the Federal Reserve's monetary policy-setting arm, begins a two-day meeting today, which is not expected to end with a rate hike. The committee last raised the federal funds target [...]
Credit unions want to be relationship lenders, but when it comes to business members, they’re primarily product lenders—they finance one piece of a business’s credit needs: commercial real estate. CUs often struggle [...]
Companies globally could incur $5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependency on complex internet-enabled business models outpaces the ability to introduce adequate safeguards [...]
Looking at the overall statistics from wellness programs in America, the results aren’t that impressive, and the average wellness program has a negative return. Although 80% of organizations offer a wellness program of some [...]
Call this podcast Up In Smoke, Credit Union Style. The more formal moniker: Cannabis and Credit Unions: The Opportunities and Risks, Part 1. That’s right. There is also a Part 2 because there just [...]
It’s been a long and winding road but regulators including the NCUA have finally promulgated a final regulation outlining the conditions under which lenders will be required to accept “private flood insurance.” Just how [...]
There’s an old saying in business, often attributed to Warren Buffett: It takes 20 years to build a reputation, and five minutes to destroy that same hard-earned reputation. We’ll use that Buffett-ism as [...]
When it comes to digital transformation in the banking industry, the Holy Grail is to have a culture of innovation embedded in the financial institution’s DNA. Few do yet, but banking providers at least [...]
The first few reactions to the acquisition of First Data have been alarmingly brief. A few “wows” followed by “oh, that is big” and then the typical flurry of analyst reports. This new combined entity [...]
Because of a discount wine app a friend told me about recently, I am used to trying a varied array of less expensive champagnes and sparkling wines. So, when I had the opportunity to try [...]
In today’s increasingly competitive financial services industry, member profitability has become a vital topic. Accompanying this growing interest has been the challenge of developing and interpreting member profitability data and information. For all the [...]
The Financial Accounting Standards Board (FASB) will conduct a public roundtable discussion Monday to discuss additional views on its current expected credit loss (CECL) standard. CUNA will attend the discussion, and had previously pushed FASB [...]
