How to make your credit union team feel like crap
Here’s the scene: You’re at a party, or a conference, or a meeting—somewhere with a lot of people around. You see someone whom you’d like to talk to, so you walk [...]
News Archives
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Every once in a while, I read something that stops me in my tracks. That happened to me last week. My friend John Spence sent me an article (Entrepreneur) that I forwarded to my colleagues [...]
NAFCU’s Long joins Politico Money Podcast to talk recession, shutdown
NAFCU Chief Economist Curt Long joined Politico Money Podcast, hosted by Ben White, to offer his thoughts on the risks or likelihood of another recession. Long noted one of the economic indicators he looks at [...]
Lending Perspectives: Preparing your portfolio for the next recession
We have now entered year 10 of the recovery since The Great Recession, which is fairly unprecedented territory when it comes to an economic expansion. Many lenders in the industry have already been making preparations [...]
A $450 dinner, $45 whiskey: Political appointee, aide ring up the expenses
They are federal financial regulators who filed for expenses like corporate CEOs, seeking reimbursement for limos, deluxe air travel and meals in posh restaurants. There was an UberBlack ride from the District to neighboring Alexandria, [...]
Former credit union CEO sentenced for bank fraud
Former credit union CEO Susan Margaret Garza was sentenced by a federal judge in Galveston, Texas Thursday to 36 months in prison for bank fraud that was uncovered more than five years ago. There was [...]
To grow deposits, build on the onboarding experience
Financial institutions across the U.S. have seen deposits stagnating or diminishing. The problem this poses to financial institutions is obvious. The solution to that problem? Not so obvious. Sometimes your best opportunities to improve [...]
Growing non-interest income with payment protection
In the everyday hustle and bustle that occurs at your financial institution, it can be easy to wander off the path and lose focus. It happened to Texans Credit Union, but they were ultimately able [...]
5 tips for effective goal setting
Like many, my organization uses the month of January for individual reviews – both to evaluate the previous year's progress and set new goals for the next 12 months. Prior to the individual reviews, we go [...]
3 ways to make sure your New Year’s resolutions succeed
Well it’s 2019. How many of you have written 2018 on a check or something in the last 18 days? Personally, I haven’t done it, but that’s only because I ran out [...]
4 ways to entice millennial members to your credit union
The World Council of Credit Unions, comprised of more than 208 million credit union members worldwide, has employed its international institutions to add 50 million new, younger members by 2020. To achieve this seemingly lofty [...]
To build or not to build (buy) – That is the question for credit unions
As the Age of Analytics for credit unions rolls forward, the question of “Build or Buy” is faced almost daily by decisionmakers. It comes at all stages in the data and analytics journey, so credit [...]
CUs expand offerings to gov’t workers as policymakers take note
Legislators around the country continue to send furloughed federal workers to local credit unions for financial assistance as the government shutdown continues. Kevin Hassett, President Donald Trump’s chief economic adviser said on Fox Business [...]
Jewelry company to pay $11M for opening unauthorized credit cards
Sterling Jewelers, Inc., will pay $10 million to the Bureau of Consumer Financial Protection and $1 million to the state of New York to settle claims that it violated the Consumer Financial Protection Act (CFPA) [...]
Kraninger asks Congress for authority to enforce Military Lending Act
CFPB Director Kathy Kraninger has asked Congress to explicitly grant the agency authority to conduct examinations of financial institutions’ compliance with the Military Lending Act—a move that could settle a fight between the bureau [...]