Number of borrowers below prime shrinking
New data indicate subprime auto loans are declining, but it’s not the result of big banks such as Wells Fargo exiting the business as much as it is due to consumers’ improved financial status. [...]
News Archives
Health and financial well-being: Two good things that go better together – Part 1
Health and financial well-being are intrinsically linked. Think about it: financial insecurity is a major source of stress, and stress impacts our physical and mental health, including our decisions; poor health impacts our ability to [...]
After strategic planning: The missing link
The board of directors approved the strategic plan, and all the work that led up to the strategic planning event culminated in the alignment of the vision, mission, and strategic objectives. The hard work is [...]
It’s time to make your credit union a lifestyle brand
How well-positioned is your credit union to help members lead more secure and, presumably, better-funded, lives? Quite well, right? But how well are you placing your members at the center of your brand? Companies nowadays [...]
Finding the sweet spots with deposit rates
As we visit with Dashboard clients, we’re hearing plenty of buzz about the need to further raise deposit rates to remain competitive and meet customer expectations. With the likes of Sallie Mae and American [...]
What financial optimism among Hispanics means for credit unions
Hispanics are more optimistic about their financial futures than other consumers segments. As multicultural marketing expert Isaac Mizrahi shares in Forbes, in the next 12 months… • 9 percent of Hispanics are planning to buy a [...]
President signs NDAA without provision impacting military CUs
President Donald Trump signed the National Defense Authorization Act (NDAA) for fiscal year 2019 Monday at Fort Drum, enacting the legislation without a provision that could have negatively impacted military credit unions. CUNA successfully fought [...]
Bureau reportedly stepping away from MLA oversight
The Bureau of Consumer Financial Protection (previously the CFPB) will reportedly not examine financial institutions for compliance with the Department of Defense's (DoD) Military Lending Act (MLA) rule. This rule has posed many compliance challenges [...]
3 reasons you’re not getting promoted
Everybody likes a promotion. The new title. The pay bump. The added responsibilities. What’s not to love? For those who are content in the position that they’re in, a promotion is no big [...]
7 summer fraud scams to avoid all year long
According to a recent Nilson report, global card fraud will reach $43.8 billion this year. While artificial intelligence, machine learning and other security innovations are helping to reduce fraud on all fronts, among the [...]
3 ways to make your credit union go viral
The definition of news has always been something unexpected. In journalism school, “man bites dog” was used as an example. Dogs bite people all the time; that’s not news. But a person biting a [...]
Is it time to take another look at health savings accounts?
First launched in 2003, HSAs were created as a way to help consumers cover future medical costs with tax-free savings while helping employers reduce rising health care costs. Only those enrolled in high-deductible health plans [...]
Judge again denies request to delay CFPB payday rules
A federal judge again has denied a request by the CFPB and an association representing payday lenders to delay the Aug. 19, 2019 effective date of the agency’s controversial payday lending rules. In issuing [...]
The good of Amazon Go? It’s seamless
Before I could enter Seattle’s Amazon Go store this June, I was required to download the Amazon Go app to my smartphone. I was able to do this within a minute. Literally. As I [...]
You are not your target audience
You, credit union staffer, are a hero. What you do each day improves members’ lives, helping them envision, plan for, and achieve a better future. You’re on the inside of a storied tradition of [...]