Blockchain: Why I’m a skeptic
Last year when I attended Money20/20 in Las Vegas, blockchain was the buzzword of the week. This October when the 2016 edition gets underway, I doubt that much will have changed in that respect. [...]
News Archives
Emergency! I need a loan!
Like many of you, I’m a credit union lifer. I started my career as a teller and worked my way up and around the organizational chart for the next 20 years. I was a [...]
5 tips for a successful career
Everybody wants to be successful at what they do. But in this super competitive world we live in, it’s not exactly easy to climb the corporate ladder. Here are some tips to have a [...]
10 essential leadership prerequisites
One of the hottest topics in the credit union industry today is leadership – new leadership, that is. With the current mass exodus of credit union CEOs, new leaders are entering top roles to take the [...]
Why leasing? Why now?
As the popularity of auto leasing continues to grow it’s hard to argue against any reason for not offering a lease program to members. As leasing continues to close the gap on traditional loans, [...]
Where do we stand with debit card interchange and overdraft fee regulation?
Revenue from the total of debit card interchange and overdraft fees often accounts for over 50 percent of a given credit union’s total non-interest income. Debit interchange has been heading south for many credit [...]
5 myths you shouldn’t believe about money
1. “I don’t earn enough to save” No matter how much money you make, you should be saving. If you are not able to save, then you are living beyond your means. When you [...]
How to teach personal finance to kids
Back when my siblings and I were younger we were often jealous of our friends who got an allowance. Our parents raised us on the mindset that they had the money and we were dead [...]
White hat hackers can help in the fight against cyber attacks
In today’s complex digital world, so often subject to fraud and security breaches, it can be fairly said that “It takes a hacker to catch a hacker.” In this case, a hacker wearing a [...]
Do you know who you’re hiring?
When interviewing job candidates, have you ever wondered who’s really behind the face staring back at you? How do you know that the enthusiastic conversationalist you’re considering for your financial advisor position can [...]
4 crucial money tips for your first job
1. Keep your debt limited When you’re starting out in your first job, you quickly find yourself making about five times what you were making from your part-time college gig. That account balance can [...]
4 steps to relieve money stress
There’s a plethora of reasons that a person can feel stressed about money like being behind on bills or living paycheck to paycheck, and even if you are surviving just knowing that you owe [...]
Five leadership lessons from Willy Wonka
Gene Wilder was a master of creativity and comedy. Everybody remembers their favorite lines of his. While he played key roles in films such as Young Frankenstein, Blazing Saddles, and Silver Streak, Wilder’s best-known [...]
There is no risk in planning for digital growth
Financial services is one of the most risk-averse verticals on the planet. While other vertical markets work to exploit risk, financial services executives look to limit it. And herein lies the paradox. The same super [...]
The good, the bad, and the ugly when it comes to chip card acceptance
As we approach the one year mark since the “roll-out” of the liability shift, we must look at where we went wrong and where to go from here. I can’t tell you how many [...]