Doing the math part 2: Unexpected pet expenses
When our family was ready to make the lifetime commitment of owning a dog, my husband and I, as responsible adults, did our homework and made plans. We selected a rescue organization that had a [...]
News Archives
Hack #5: Learn how to relieve stress
Life hacks. They pop up on your social media feed all the time. Hammer time? Use a clothespin to hold the nail. Crazy cords? Organize them with a repurposed paper towel roll. They’re smart [...]
Utilizing political subdivisions as a stable funding source
As the economic cycle continues to heat up, financial institutions are accessing additional deposit funding channels. From a deposit strategy, often overlooked sources of deposits are political subdivisions. Most credit unions have a relationship with [...]
Be a leader in member financial health – Attend the CU FINHEALTH18 Conference
Improving the financial health of our credit union members – the reason that credit unions were created and why they still exist today. As the mantra of “people over profit” goes, credit unions are dedicated to [...]
Good Governance: Who’s on your board today? Tomorrow?
Data from our new report, The State of CU Governance, 2018, find that the majority of credit unions feel pretty good about who’s currently on their boards—but are much less sure about the [...]
Finovate Europe Part II: Best in Show and other standouts
In part one of my Finovate Europe recap, I focused on the broad product categories that took center stage at the March event in London. Let’s now shift focus to some of the company [...]
Are small CUs ill-equipped to battle cybercrime?
The problem of shortages in IT staff is “colliding” with escalating cybercrime, leaving organizations—particularly small CUs—ill-equipped to manage and respond to cyberthreats, asserts one analyst. Sam Curcuruto, head of product marketing for cyber [...]
Welcome to the great game
Last week was supposed to be the coming-out party for new Federal Reserve Chairman Jay Powell as he presided over his first FOMC meeting. The Fed—as predicted by just about everyone—raised the Federal [...]
A deep dive into e-signatures for online accounts
Electronic documents and signatures are almost a mainstay in the financial industry, allowing credit unions to dramatically improve efficiency by reducing costs, saving paper, and expediting the application process. Additionally, consumers have come to enjoy [...]
Overdrafts continue to trip up financial institutions
Overdraft litigation is alive and well. Recently, the United States District Court of New Hampshire refused to dismiss a punitive class action brought against Northeast Credit Union involving claims that the credit union did not [...]
How will the smartphone of the future impact banking?
It may be difficult to fathom, but the role of the smartphone in society in the future is likely to become ever more central than it is today. With extraordinarily power, the smartphone is still [...]
The wearable payments revolution is here
Today’s consumers increasingly expect the brands they do business with to offer a seamless experience across channels, and that extends to payments. To accelerate the integration of payments with Internet of Things devices, such [...]
Compliance: Exemptions, exceptions for new CDD rule
The May 11 effective date of the new Customer Due Diligence (CDD) rule is approaching, after which credit unions will be required to obtain identifying information about the beneficial owners of their legal entity accounts. [...]
This week: Congress out, NAFCU meets with FinCEN
Lawmakers are working in their home districts and state offices for the next two weeks, providing a great opportunity for credit unions to reach out on top industry issues, including the ongoing push for regulatory [...]
Doing the math: Can you afford a pet?
Maybe your kids wore you down. Or, while just popping into a nearby store there was a pet adoption event and there he was: Two big brown eyes staring out from a bundle of fur. [...]