One of the areas where many Credit Unions struggle is when they are faced with a merger and all the various issues that accompany taking on a large number of new members all at one [...]
Being on-site with our clients is important. In fact, it’s so important that we visit each of our clients at least once a year—on our dime. (That’s in addition to the initial [...]
Credit unions around the country are once again active in Tuesday’s primary elections, which will take place in Maine, Nevada, North Dakota, South Carolina and Virginia. The main race CUNA is tracking is the [...]
A bill that could provide more clarity on credit unions and banks doing business with marijuana-related companies in states where the substance is legal reportedly has the support of President Donald Trump, based on comments [...]
Today’s economic environment is changing rapidly. Consumers are embracing fintech and new players are moving into the credit union space. At the same time, the cost of compliance is rising and non-interest income is [...]
It’s been nearly a decade since the Great Recession and for all the pain it brought, some good also came from those dark times. Among those positives was a growth in the number and [...]
Hurricane season is upon us. After a nightmarish 2017 hurricane season featuring monster storms such as Harvey, Irma and Maria, many in the U.S. are hoping for a quieter year. However, if we learned [...]
You want your wedding day to be everything you’ve imagined. But are you and your fiancée financially prepared for what comes after the big day? The average wedding cost in 2017 was about $[...]
When you think about the future of credit unions, what do you see? Strategic fintech partnerships? Data-optimized services that anticipate member needs? Virtual reality branches? When I spoke at CUNA’s Governmental Affairs Conference in [...]
Young Americans are hitting more and more homeownership roadblocks: crippling student debt, escalating home prices, surging mortgage rates and a scarcity of listings. So why have they gone on a buying binge? First-time buyers accounted [...]
We’ve all been anticipating it, and now it’s likely to come down the pike this week. The Federal Reserve is set to raise the target interest rate to above the rate of inflation [...]
The debate about the credit union tax exemption periodically flares up, the most recent episode prompted by remarks by Senator Orrin Hatch (R-UT). (Read NCUA Board Chair Mark McWatters letter in response.) The complaint is [...]
Credit Union and Community Bank sales tactics are different from other industries because they're primarily focused on service, doing the right thing for the member/customer and deepening relationships. Sales for the sake of meeting [...]
The recent Wall Street Journal article about the dominance of the three largest banks struck a visceral reaction among bankers. The key points were not only that the top three (JP Morgan Chase, Bank of [...]
As I am sure you are all aware, the Truth in Savings regulation has strict rules on when credit unions may advertise an account as “free.” Essentially, if a maintenance or activity fee may be [...]
