News Archives

Niches, partnerships to shape CUs’ future

Niches, partnerships to shape CUs’ future

In today’s rapidly changing world, predicting trends more than a few months into the future can be a daunting task. Yet a long-term perspective is exactly what is required for long-term success. While the [...]

Crooks hitting the jackpot at U.S. ATMs

Crooks hitting the jackpot at U.S. ATMs

As if credit union did not have to enough to worry about now the Secret Service is warning financial institutions of robbers remotely commanding ATMs to spew out cash on command. It's called jackpotting, a [...]

Will credit union auto lending shift gears in 2018?

Will credit union auto lending shift gears in 2018?

Credit unions continue to see strong gains in auto lending, but tried-and-true tactics may need a tune-up in the year ahead. According to Bob Child, chief operating officer at CU Direct, a “softening” of used [...]

Two bills worth knowing about

Two bills worth knowing about

Bloomberg news is highlighting two bills passed by Congress yesterday that I think are worth knowing about. First there is H.R. 1457. This bill would set a national standard for financial institutions, including credit [...]

Houses passes CUNA-backed MOBILE Act

Houses passes CUNA-backed MOBILE Act

The House voted 397-8 Monday night to pass the CUNA-backed Making Online Banking Initiation Legal and Easy (MOBILE) Act of 2017 (H.R. 1457). The bill, introduced by Rep. Scott Tipton (R-Colo.) would allow financial [...]

NAFCU continues push for reg relief ahead of Trump’s SOTU

NAFCU continues push for reg relief ahead of Trump’s SOTU

Ahead of President Donald Trump's State of the Union address tonight, NAFCU is calling for increased regulatory relief for the credit union industry. NAFCU is actively engaged with the administration and Congress, federal regulators and [...]

Are you a dumb bank?

Are you a dumb bank?

This is a spiritual continuation of a series from a while back, titled Are You A Dumb Pipe. The idea is related; read on to understand how. For every 100 members buying a car, 8 [...]

Welcome to the real world

Welcome to the real world

Colleges and universities continually produce a fresh wave of enthusiastic workers. They are the future professionals, leaders and specialists of your credit union. These well-educated graduates are eager to change the world in their chosen [...]

Ask Mike: Back office incentives

Ask Mike: Back office incentives

Do you have a question about improving sales, employee performance or sales cultures? In our new column, Michael Neill, CSE, will take your questions and offer his best advice. Neill is president of Michael Neill &[...]