As more credit unions design and test their approaches to data analytics, a few common traps that slow success are emerging. During our presentation at the NAFCU Annual Conference, AdvantEdge Analytics’ Tim Petersen and I [...]
In our first post on this topic, we made the assertion that health and financial well-being are intrinsically linked – especially for millions of low- and moderate-income Americans struggling under the burden of rising out-of-pocket health [...]
When the economy expands or contracts, loan growth and share growth have historically had an inverse relationship. In times of economic prosperity, consumers are more confident and in turn take out more and larger loans. [...]
Empowering managers through leadership development doesn’t just happen. In my first blog post, I shared how you can make this dream a reality at your credit union by dreaming big, making it a strategic [...]
The Treasury’s Financial Crimes Enforcement Network (FinCEN) has extended the Beneficial Ownership Rule’s limited exception for rollover and/or renewal of certain accounts for an additional 30 days. It was scheduled to expire [...]
The Senate remains in Washington this week as the House continues August recess. Continuing its award-winning advocacy efforts with lawmakers and regulators, NAFCU on Thursday will meet with Tom Pahl, policy associate director for research, [...]
Like the consumers they target, fraudsters are becoming more digitally-savvy – and this dynamic is creating new security challenges for financial institutions everywhere. Fraudsters are now employing sophisticated methods and machine learning technology to commit global [...]
Let’s say you were finally sick and tired of being sick and tired, and you decided to do something about it. You joined a gym. You also knew that if you were going to [...]
The Current Expected Credit Loss standard – or “CECL” as it is more commonly called – will fundamentally change how U.S. financial institutions (FIs) account for credit losses. In the pre-CECL world, smaller financial institutions, including [...]
"Sounds vague to me, and why should it matter to my credit union and membership?" I can hear credit union professionals saying this in their heads as they read our Foundation's new tagline. We are [...]
Foodies headed to a college campus don’t have to resign themselves to a semester of subpar food because they are on a tight budget. Some university meal plans have elevated their offerings to compete [...]
CoastHills Credit Union said Thursday it has picked a new chief executive from within its ranks five months after firing its CEO. CoastHills ($1.1 billion in assets, 67,443 members) chose Paul Cook as [...]
Your monthly statements do a lot of heavy lifting, and due to regulatory changes and ever-growing consumer expectations, they now have to include more data than ever before. So, it makes sense to sit down [...]
How can you make time to maintain the business continuity plan for your credit union? Here are three tips to keep your contingency scenarios ready for action. Once we put a plan in place, there [...]
What separates good leaders from great leaders can be something as simple as the habits we form. This is good news; habits can always be changed. John Eades, author, podcaster and CEO of LearnLoft, lists [...]
