Financial services is one of the country’s most regulated industries. Because of regulatory scrutiny, it can be challenging for credit unions to reach beyond standard practices when creating new products and services or altering [...]
Eggnog and sugar cookies. Bing Crosby and Burl Ives. Sledding and shopping. Although most of us (nine in 10 of Americans, according to a 2016 Consumer Reports poll) look forward to the holiday season, they’[...]
Almost six of 10 respondents believe it is “likely” the U.S. will suffer a massive critical infrastructure disruption within two years and 26% worry about a financial sector cyberattack. Those are among the results [...]
There are few situations more fraught with peril or packed with possibilities for credit unions than a core conversion. The data processing system is the hub of the wheel that makes the modern financial cooperative [...]
Over the past five years, multicultural consumers have accounted for 100 percent of U.S. population growth and 61 percent of credit union membership growth. As the population becomes increasingly diverse, understanding cultural differences should [...]
VUCA. This term is frequently thrown around in boardrooms and strategy sessions across the country. Coined by the US Army War College in the late 1990s, VUCA is an acronym that was originally used to [...]
The global banking sector is becoming both more strategically focused and technologically advanced to respond to consumer expectations while trying to defend market share against an increasing array of competitors. A great deal of emphasis [...]
The Federal Financial Institutions Examination Council (FFIEC) released its second update on its Examination Modernization Project this week, following one from March of this year. According to the FFIEC, further action and additional updates may [...]
NAFCU witness Rick Stafford, president and CEO of Tower Federal Credit Union (Laurel, Md.), will share with lawmakers credit unions' priorities and concerns with a bipartisan housing finance reform bill during a planned hearing Thursday [...]
December may be one of the best shopping months. No matter where you look, it is easy to find either a holiday or year-end deal or discount for almost anything you can imagine. However, despite [...]
This column is adapted from the foreword to CUES Guide to Effective Mentorship, a benefit of all levels of CUES membership. Mentorship is an important tool in the leadership development toolbox, but it’s a [...]
Payday loans are marketed as a quick-fix solution to financial emergencies. However, they carry fees that amount to triple-digit interest rates and often unaffordable payments, leading to a spiral of debt for the most financially [...]
The holiday season is upon us and the Fed is expected to provide an early gift of 25bps. With only five shopping weeks left, financial institutions are scrambling to secure funding prior to year-end. Keep [...]
An aspect of leadership that sets the old adage “’Tis better to give than receive” on its head is the act of actively seeking feedback. Leaders are often quick to give assessments but may have [...]
Anchorage, Alaska experienced, what local officials are calling a “massive earthquake.” According to the Alaska’s Earthquake Center, the earthquake was a magnitude 7.0 with several aftershocks in the 5.3 to 5.9 [...]
