A mission you can bank on
A recent post, Giving Back Has ROI, Too, linked your charitable efforts with your growth strategy. You can do the most for all parties when your "good" aligns with your mission. It keeps everyone more [...]
News Archives
Meeting member needs through online loan origination
Loan origination is the new battleground. The loan process – from member application, to lender processing, to distribution and administration – used to take weeks to complete. Customers now expect approval news within days, if not hours. [...]
Tax law changes bring new excise tax
Chances are you’re still trying to make sense of the recent tax law changes. The changes affect nearly all taxpayers, and touches a wide variety of taxes, including corporate, estate, partnership and “pass through” [...]
Infographic: Valentine’s Day 2018
Valentine's Day spending is expected to rise again this year. How much will Americans spend, on average, and what are they planning to buy? Take a look:
Acts of Redstone (FCU) brightness
When other financial institutions took a step back during the Great Recession of 2008, Redstone Federal Credit Union stepped up its commitment to grow its member ranks—and has posted average monthly gains of 1,[...]
Feds approve master account for nation’s first cannabis CU
After a 39-month legal battle, the Fourth Corner Credit Union, the nation’s first state-chartered marijuana credit union, finally received a conditional approval by the Federal Reserve Bank of Kansas for a master account that [...]
The incredible disappearing bank branch
I know what you are going to tell me; surveys indicate that your members still want their bank branches but let’s face it, they are turning into awfully expensive and increasingly risky security blankets [...]
Engagement and burnout
Engaged employees! Is there nothing better? When we're engaged, we are focused. We are more productive. We're in the zone. But... A recent study highlighted by HBR noted that highly-engaged employees are in danger of [...]
Sessions abdicates his responsibility on marijuana
On January 4, 2018, Attorney General Sessions issued a memo formally rescinding years of Department of Justice (DOJ) guidance, most notably the 2013 Cole Memorandum, that laid out the federal government’s effectively hands-off approach [...]
Tactic talk
It’s easy to talk tactics. Everyone has ideas and opinions. I see it often as I facilitate strategic planning sessions. What’s difficult is addressing the elephant in the room and talking about the [...]
The why and when of a board refresh
Not all directors are satisfied with the performances of their colleagues. More than a third of directors feel someone on their board should be replaced, according to the 2016 Annual Corporate Directors Survey conducted by [...]
Nussle details CU evolution in letter to Sen. Hatch
It is normal and perfectly acceptable that credit unions should evolve, CUNA President/CEO Jim Nussle wrote to Sen. Orrin Hatch (R-Utah). Nussle responded to a letter Hatch sent NCUA Chair J. Mark McWatters last [...]
CFPB asks for feedback on enforcement processes
The CFPB on Wednesday issued a request for information to help the bureau assess the efficiency and effectiveness of its enforcement processes. This RFI is due to be published in the Federal Register Monday and [...]
3 easy ways to meet your savings goals
There are a million reasons to save money. Retirement may be just around the corner, your car may be on its last legs, or you might be ready to get out of that apartment and [...]
6 executive skills worth paying for
Executives these days won’t say yes to just any compensation package. In fact, according to a January 2018 Credit Union Management magazine article and a new e-book by CUES and CUESolutions provider CUNA Mutual [...]