Now is the perfect time to evaluate how your credit union can help your members focus on their financial success and how you can help them accomplish their financial goals. Whether your members have plans [...]
The third and final phase of the same day automated clearing house (ACH) implementation is effective Friday, March 16. Effective with Phase 3, receiving financial institutions (RDFIs) must make funds available from same-day ACH credits [...]
The NAFCU-backed Senate regulatory relief bill (S. 2155) is being prepped for passage in the Senate this week. Meanwhile, the House is already identifying bipartisan relief measures it may want to add to the bill [...]
As you’ve often heard, you spend almost as much time with your work family as you do with your actual family. Like at home, there are little things that happen in the workplace that [...]
I could make this the shortest blog ever and just tell you both, but that probably wouldn’t be very satisfying for either one of us. Data analytics and business intelligence are increasingly important to [...]
The primary purpose of insurance tracking is to track outstanding collateral to ensure your financial investment in these collateralized loans is protected by insurance. However, a well-rounded, well-managed insurance tracking program can do so much [...]
Why does your credit union exist? Go ahead and think about it for a moment. I’ll wait. Is it to provide safe storage and management of your members’ money? To help those in troubled [...]
According to GOBankingRates.com, more than half of Americans (57%) have fewer than $1,000 in savings. That means just one unexpected emergency could easily cause long-term financial damage. To break this cycle, the first [...]
Last week, I almost burned my kitchen down. In my quest to get all the important things done on my list, I was working on several things at once. Although I teach leadership effectiveness for [...]
Effective disaster recovery and business continuity plans will help credit unions address both large and small disruptions to minimize the impact to the credit union, staff, and members. That was one lesson from a panel [...]
Total consumer credit expanded at a slower pace in January, rising by 4.3% after a 6% monthly increase in December. NAFCU Chief Economist and Vice President of Research Curt Long, in a Macro Data [...]
“Hold that thought for just a moment.” “Let me grab this call.” “Now, where were we?” How often have you uttered these phrases in conversations that were interrupted by a phone call, text message, or [...]
We humans don’t make decisions based solely on data; we make them based on emotion, backed with available data. If you want to impact an audience—to influence, affect, inspire them to action—you [...]
Another day, another data breach, another lawsuit and another motion to dismiss it by merchants who argue that they have no legal obligation to protect the information of consumers who frequent their establishment or to [...]
Starbucks has been using mobile location-based data for several years. They say that this kind of geo-targeting significantly increases the percentage of consumers stopping by for a latte. Could banks and credit unions increase sales [...]
