The Treasury’s Financial Crimes Enforcement Network (FinCEN) and its regulatory partners issued a joint statement last week to encourage credit unions and other financial institutions to take innovative approached to combat money laundering and [...]
A number of issues critical to credit unions' operations are set for discussions in Washington this week: A House Financial Services subcommittee will discuss the potential impact of the current expected credit loss (CECL) accounting [...]
Credit Unions are one of the most popular forms of banking in the United States, but also one of the least advertised. With Credit Unions spending significantly less on ads and marketing, many are at [...]
According to the Chinese Calendar 2019 is the Year of the Pig. The pig represents the last sign of the zodiac and represents new beginnings. The pig has a calm approach to life and is [...]
When you leave one organization for another, whether it be your own decision or by force, there may be baggage that comes along with the transition. And, baggage comes in different forms. Your understanding of [...]
A main barrier to putting in place a supplemental executive retirement/retention plan is that credit union boards don’t know how to start. How much beyond an annual salary and bonus—if anything—should [...]
As fintechs continue to increase their presence in the financial services industry, credit unions must decide to either form partnerships with these potential disruptors or compete against them. The first step in making this decision [...]
An Alaska credit union has launched a pilot program to provide financial services to marijuana businesses, which among other benefits will relieve state workers from counting $1.5 million in cash tax payments each month. [...]
The Grinch is trolling department stores this season in the hopes that he can steal a credit card or two. With consumer’s purchasing behavior straying away from their usual habits during the holidays, it [...]
Now that we are into the holiday season – with Christmas eighteen days away, Hanukkah ending in three days and Kwanzaa beginning in nineteen days – there are certain things that simply are inescapable. Things like holiday [...]
While nearly all companies know they need a social media presence, many banks and credit unions have not embraced social media enthusiastically. Consider, as a benchmark, that Twitter launched in mid-2006, over a decade ago. [...]
Federal regulators are reaching out and helping credit unions and community banks with a series of changes. On October 3, 2018, Federal regulators ruled that credit unions and community banks can pool resources for anti-money [...]
Much of our accomplishments each day are decided by our morning routines. If we continually hit the snooze button barely making it to the office on time, our days may look a little more chaotic. [...]
The NCUA board will hear recommendations from the agency’s Regulatory Reform Task Force at its Dec. 13 meeting. Scheduled for 10 a.m. (ET), the meeting is the board’s final of 2018 and [...]
The Senate yesterday voted to confirm Kathy Kraninger to lead the Bureau of Consumer Financial Protection. She will take over for Mick Mulvaney, who has served as acting director since November 2017. NAFCU President and [...]
