Commonwealth Credit Union President/CEO—and America’s Credit Unions Transition Board secretary—Karen Harbin testified before a House Financial Services subcommittee Thursday on behalf of America’s Credit Unions. The hearing covered increasing politicization [...]
The February jobs report calmed concerns that a rise in inflation could prompt the Federal Reserve to hold off on reducing interest rates this year. The data, released Friday, showed that the US economy added [...]
Lending is the lifeblood of the economy, facilitating investments, consumption and economic growth. However, lending activities are inherently tied to the prevailing economic conditions, with shifts in economic indicators impacting borrower behavior, creditworthiness and lender [...]
International Women’s Day is more than just a date on the calendar; it’s a celebration of resilience, achievements, and the strong spirit of women worldwide. This year’s theme, “Inspire Inclusion,” serves as [...]
Federal Reserve policymakers weighing when to start interest-rate cuts got another reason Friday to sit tight for now, after a government report showed jobs growth surged in February but the overall labor market continued to [...]
Regulatory overreach is impeding credit unions’ ability to improve the financial wellbeing of members and Congress and regulators must take action to reverse this trend, America’s Credit Unions Transition Board Secretary Karen Harbin told [...]
The vast expansion of digital services has transformed the credit union member experience. Unfortunately, this rapid transformation has ushered in a rise of online fraudulent activity and a surge in cybercrime as fraudsters seek to [...]
At CUES we’ve been talking a lot lately about the pressure credit union managers feel between the performance focus of leadership and the day-to-day needs of their direct reports. We’ve considered how managers’ [...]
Picture this, credit union peeps! You’re meeting with leaders to discuss upcoming events, issues, and strategies. Then, something pops up that sparks these conversations. But before you move forward, let me say this: The [...]
Consumer Reports, which frequently recommends credit unions over banks, appears to be having second thoughts, citing a California report that credit unions are charging higher overdraft fees than banks. That’s not the only problem [...]
American Express Co. has told an undisclosed number of cardholders that their account information may have been breached in a recent hacking of a merchant processor. Current and previously issued American Express Card account numbers, [...]
You can’t drive a car by pressing both pedals at once, and it doesn’t work if you only use one pedal and not the other — you need both to drive safely and effectively. [...]
Life’s basic necessities — food, shelter, and clothing — are getting more expensive. Many experience sticker shock when it comes to food prices. A weekly trip to the supermarket can set you back about $270 for [...]
What’s holding you back during your community bank or credit union strategic planning session? Not strategically (although that’s important, of course). Personally. Are you sharing everything you’re thinking? Probably not. Fear of [...]
The Federal Reserve’s debit interchange proposal could undermine recent progress in bringing low- and moderate-income (LMI) consumers into the financial services system, a bipartisan group of representatives wrote Federal Reserve Chair Jerome Powell this [...]
