What’s the Cupid’s arrow in your credit union marketing?
You’ve seen it in many a cartoon…someone is struck by Cupid’s arrow, and then they’re struck by love. Well, infatuation is a more accurate term. The character hit by the arrow [...]
News Archives
4 reasons to fall in love with the cloud
The season of love is upon us, and your credit union needs love as much as your friends and significant other. Whether you’re celebrating Valentine’s Day or Galentine’s Day, check out these [...]
Durbin schedules interchange hearing, accuses Visa, Mastercard of misleading consumers
Accusing Visa and Mastercard of using false and misleading advertising to oppose his credit card interchange legislation, Senate Judiciary Committee Chairman Dick Durbin, D-Ill., has asked the company CEOs to appear at an April 9 [...]
How alternative consumer credit data increasingly supports lending decisions
As banks, credit unions and other lenders continue to vie for new borrowers, markets and opportunities, many have discovered conventional means of credit scoring and risk don’t necessarily hold up. Hence, most lenders looking [...]
Mortgage demand tumbles as interest rates rise to highest level since December
A key measure of home-purchase applications slumped last week amid a sharp increase in mortgage rates. The Mortgage Bankers Association's (MBA) index of mortgage applications fell 2.3% for the week ended Feb. 9, compared [...]
Moderate growth, earnings challenges likely in 2024
The U.S. economy will experience moderate growth in 2024 while avoiding recessions, America’s Credit Unions’ economists forecast in the January Economic Update. America’s Credit Unions’ Curt Long and Mike Schenk examine the [...]
Tips to better understand consumer preferences
Just the other day I met a group of colleagues for lunch, while sharing family updates, someone announced that their daughter was celebrating their 16th birthday! Excitement immediately erupted over this milestone birthday and memories [...]
A beacon of hope for underserved communities
As we honor Black History Month, it’s essential to recognize the invaluable role that credit unions play in serving the underserved, particularly those in low to moderate-income (LMI) communities. For decades, credit unions have [...]
Dear credit union executives: Why you’re not getting the most out of your people
Publisher’s Note: CUInsight is hosting a free webinar Wednesday, February 28 titled, “DEAR CREDIT UNION EXECUTIVES: Why You’re Not Getting the Most Out of Your People”. We hope you’ll join us! Register [...]
Buy now, pain later? Study finds installment programs hurt the average shopper
Anyone who has shopped online in the past few years has encountered one of the many short-term financing options known as buy now, pay later at checkout. And though they may sound enticing, hidden risks [...]
Biden Administration: Credit unions and banks responsible for policing appraisal bias
Credit unions and banks are expected to have systems in place to ensure that real estate appraisers who evaluate property in connection with loan applications are not biased, the Federal Financial Institutions Examination Council said [...]
Why it’s time for banks to hire a Chief AI Officer — and what that looks like
Hiring a chief AI officer, or CAIO, is an emerging trend that companies from hospitals to staffing firms are exploring as the utilization of generative AI increases. However, the chief AI officer title has been [...]
Hot inflation reading reinforces the Fed’s cautious approach to rate cuts in 2024
Fed officials have been warning that more time is needed before rate cuts can begin. A hotter-than-expected inflation reading Tuesday reinforced that cautious view. Investors are starting to listen. Markets are now pricing in a [...]
Empowering your credit union’s future
CU NextGen is proud to share our ongoing dedication to empowering credit unions for success. We continue to pave the way for a brighter future in the financial industry through innovative solutions, collaborative partnerships, and [...]
Rep. Nunn praises credit unions, announces CDFI Fund oversight bill
Credit unions were front and center as Rep. Zach Nunn, R-Iowa, announced on Monday that he plans to introduce the Rural Credit Access Act to increase accountability and transparency in the Treasury’s Community Development [...]