The word “policy,” uttered in the presence of a small credit union leader, can send shivers down the spine. They – the policies, oh the policies – must be reviewed each year. The board must approve them [...]
By now, you've probably heard the sad auto industry news, that vehicle sales are down this year and are not expected to rebound anytime soon. Basically, auto manufacturers did too good a job in recent [...]
This is my favorite part of the summer. After months of nothing but basketball and baseball, football is back! NFL training camps are in full swing and last night marked the start of the preseason. [...]
A strong leader can change a company's culture and drive its success. A true leader inspires and develops others, which, in turn, causes them to willingly follow their lead. "Effective leaders prepare their employees to [...]
The Economic Growth, Regulatory Relief, and Consumer Protection Act (SB 2155), among other regulatory relief provisions, amended the 2015 Home Mortgage Disclosure Act to provide partial exemptions from the collection and reporting of the expanded [...]
This year has been a “wildly successful year in credit union advocacy,” CUNA Chief Advocacy Officer Ryan Donovan said, and during the August recess credit unions have a great opportunity for additional efforts. The House [...]
The NCUA Board on Thursday voted to maintain federal credit unions' current interest rate ceiling at 18 percent. NAFCU encouraged the board to consider increasing the interest rate ceiling or, absent an increase, keep the [...]
If you’re having trouble making your budget work, you may be making it more difficult than it has to be. If you’re budgeting for the first time, here are a few mistakes you [...]
Loren, the young college-bound son of a Michigan Credit Union CEO, recently contacted me with this question: “Over the years, my mother passed down to me her love and passion for the credit union industry, [...]
New technologies are constantly redefining our world. There are nearly countless examples of old technologies and incumbent business models being ousted by new ones. Technological disruption is the story of Netflix busting Blockbuster, Internet media [...]
A lot of our members utilize us just for loans, but we need to push other products/services and find creative ways to get them more involved in the credit union. But keep in mind [...]
Budgeting is something we all need to do, but few people consider it fun. Let’s be real – when it comes to money, fun is usually associated with spending after you’ve achieved your savings [...]
For many businesses, including credit unions, the summer season can have more downtime than the rest of the year—financial matters are often pushed aside to be readdressed in the fall after vacation season is [...]
Our Campaign for Common-Sense Regulation had one goal: Deliver real regulatory relief for credit unions. By now, you know we succeeded. On May 24, President Donald Trump signed into law S. 2155—The Economic Growth, [...]
Brandon Michaels was only 32 years old when he was appointed president/CEO of Mazuma Credit Union in 2012, and was one of the first from the millennial generation to lead a cooperative. Now at [...]
