It’s 2018—and we’re living in a world where we make can purchases instantaneously from the convenience of our preferred device. Machines recognize our faces and cars drive themselves. While emerging technologies can [...]
Well, we can't say we didn't see this coming...we blogged back in March, 2017 on what the change in administration might mean for marijuana banking, and the federal government announced a change in its [...]
It is important to strike a balance between costs to financial institutions and the benefits of Bank Secrecy Act (BSA), anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) regulations, CUNA wrote Tuesday to [...]
Bipartisan legislation was introduced yesterday to increase the Small Business Administration's (SBA) oversight authority over its 7(a) loan program. Credit unions actively participate in the program, which helps credit unions mitigate loan risk and [...]
In late December, President Trump signed into law H.R.1 (now Public Law No. 115-97), which has made the most sweeping changes to the tax code since the Tax Reform Act of 1986. Unlike [...]
One of the ways an improved digital presence can help your financial institution is by positively impacting your Google search rankings and local listing results. And here’s five reasons those search results really do [...]
Let’s address the big question when it comes to online auto buying: should your credit union provide a resource that is a sales tool or educational resource? What are the differences between the two [...]
When life changes, adjust Whether it is babies, job changes, or the purchase of a new home, life is constantly changing. Every life-changing event leads to an increase or decrease of available funds. People who [...]
We spend an inordinate amount of time, marketing, sales dollars, and imagination to originate new loans. Our collective creativity has created a loan origination process that includes quick loan decisions, the use of electronic signatures, [...]
A vexed federal judge issued an arrest warrant for a former credit union CEO who failed to show up at his sentence hearing Monday for bank fraud and attempted brank fraud. Sean Jelen, 35, the [...]
Blockchain can greatly improve the speed, security, transparency, efficiency and cost of transactions – all while helping to reduce risk. Many top organizations, including Fiserv, are actively testing blockchain's potential and use cases. From identification to [...]
A few days ago, I made an early morning trip to a local big-box athletic supply store in search of new walking shoes. I entered the store as one of the first customers of the [...]
Although the limits on state and local property taxes has gotten most of the attention, one of the amendments to the tax code will have a potentially large impact on credit unions has to do [...]
For decades, the number of positions in the C-suite could be counted on one hand. The senior leadership team was anchored by the CEO, COO and CFO. At some banks and credit unions, there might [...]
On December 22, President signed the Tax Cuts and Jobs Act (H.R. 1) into law. While the legislation preserved the credit union industry's income tax exemption, the legislation will impose an excise tax on [...]
