In the dynamic credit union industry landscape, the pursuit of professional growth is not just beneficial; it's essential. As we edge closer to 2024, credit union professionals at all levels — from frontline staff to senior [...]
Wire transfers, cross-border payments, and ACH settlements are about to change – and in many ways, they already have! The launch of FedNow is a milestone that shifts the tides of the financial industry. The implications [...]
Your core processor is the heart of your credit union's data management and function. Its efficacy directly impacts member service quality, operational efficiency, and regulatory compliance. Having the right core processor lays the foundation for [...]
The NCUA Board adopted a final 2024-2025 budget at its Thursday meeting. The approved budget is roughly $8.8 million lower than the proposed 2024 budget. Specifically, compared to the proposed budget, the final 2024 [...]
“Industry results from the third quarter show that in terms of immediate safety and soundness concerns, the industry is in solid shape. That is exemplified by the fact that the net worth ratio climbed above [...]
As lawmakers continue to debate sweeping changes to credit card network requirements, the immediate focus for financial institutions has shifted toward a Federal Reserve proposal that would cut into revenue tied to debit cards. The [...]
Financial institutions today face a fast-rising level of competitive challenges to growing the right members, remaining relevant to consumers (especially younger audiences), and building stellar brand experiences in channels that help them stand apart. The [...]
All financial institutions, whether banks, credit unions, or neobanks, must adapt swiftly to emerging payment trends. One monumental shift has been the move towards digital, integrated, and instant transaction processing. As consumers demand a seamless [...]
Members of CUNA and NAFCU have trusted our organizations with the responsibility of transforming into something bigger and better than before: America’s Credit Unions. That includes making unparalleled educational opportunities a key pillar of [...]
When you think of credit union marketing, what comes to mind? Probably multi-channel campaigns, community events, direct mail going out to hundreds of people, maybe even some billboards…and those are certainly Santa-sized marketing ideas! [...]
There has been a lot of noise around return-to-work efforts. The decision that “all” employees need to return to the office three to five days per week is either being driven by: A Board of [...]
Selecting a partner for building a new branch or workplace can be a pain. It’s not fun like actually designing your cool new building, and for bigger projects the outcome can be career-defining for [...]
The term embedded finance gets thrown around a lot. But what does it really mean? A simple definition might look something like this: the opportunity to integrate financial products and services right into the customer [...]
Just maybe we are at the tipping point where, suddenly, credit union - credit union mergers become commonplace and also just maybe so will credit union - bank mergers. That’s the take-away I have [...]
The 2022 Credit Union Diversity Self-Assessment Results Report is now available. In 2022, 481, or 10% of all credit unions, submitted a self-assessment. The figure represents an all-time high for submissions to the NCUA. Of [...]
