Congress returned to Washington, D.C., this week, providing us the opportunity to introduce our new united trade association working on behalf of credit unions. I wrote to members of Congress and the heads of [...]
Past financial trends shape how credit unions grow in the present and future and the tumultuous ups and downs of the economy, world events, and interest rates over the past 20+ years has created an [...]
Many banks and credit unions enjoy holding their strategic planning sessions in the fall, and you may have held your own planning session during that time. Or maybe your session is fast approaching sometime in [...]
Does the United States lag behind in the race toward “open banking”? “Open banking” is an umbrella term to describe the idea that sharing anonymized financial data between institutions can lead to innovation and new [...]
As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In other words: Americans are seeing prices decline for certain items. Those pullbacks have largely [...]
Congress will not block a Consumer Financial Protection Bureau rule requiring financial institutions to report demographic information about their small business lending, but an injunction issued by a federal judge means the agency still cannot [...]
A Small Business Regulatory Enforcement Act (SBREFA) panel convened by the CFPB shared several recommendations made by America’s Credit Unions regarding the bureau’s Fair Credit Reporting Act (FCRA) proposal. The CFPB published its [...]
Credit unions are known for their meticulous, personalized care of members. Their smaller size, attentive service and community involvement set them apart from big banks and other huge financial institutions. Now, with the emergence of [...]
I was recently enjoying a “proper catch up” with a dear friend of mine. We were reflecting on the year, talking about accomplishments, acknowledging stresses and imagining the possibilities of 2024. During our conversation, I [...]
Self-confidence can be a big differentiator between people who achieve their goals versus those who do not. You must know yourself, grow yourself, and believe in yourself to be an effective leader and businesswomen. Economies [...]
By their very nature, credit unions foster resilience in their members by reinvesting profits back into communities to create thriving local economies. But in a post-pandemic world experiencing more disruption than ever, from both natural [...]
Retirement can bring a renewed sense of freedom and, at the same time, uncertainty. How will you spend your days? Travel? Spend more time with family? Take up new hobbies? One area you don’t [...]
Adoption of AI, especially generative artificial intelligence, will rival or exceed the impact of previous digital revolutions in banking. But the pace of AI-driven change will put those earlier waves to shame. So argues Accenture [...]
Small and medium-sized businesses (SMBs) constantly search for ways to enhance their data protection and resilience against persistent cybercriminals. However, their security service providers frequently struggle to tackle advanced threats effectively and often don’t [...]
Of course, we realize credit unions are the best financial institution for just about everyone, but convincing younger generations can be a bit trickier. To understand why credit unions are the best banks for Gen [...]
