What is credit utilization ratio?
Credit utilization basics Your credit utilization ratio is a percentage of how much credit you’re using compared to your total credit limit. It’s an important credit score factor, so knowing how to calculate [...]
News Archives
Here’s why budgeting in your 20s is important and how to get started today!
While everyone is telling you in your 20’s that you have your whole life ahead of you and you are young. Do not underestimate the importance of the financial decisions you make in your [...]
Three actions to mature your security posture
When cybercriminals are consistently evolving their tactics, ensuring the security of your organization’s data and systems has never been more crucial. The increasing sophistication of cyber threats demands that businesses constantly level up their [...]
Why offering BNPL makes sense for banks and credit unions
Credit cards are ubiquitous these days. A whopping 82% of Americans have them, according to a May 2023 report from the Federal Reserve. So, for banks that want to keep their credit card top of [...]
Waiting voices: Casa del Sagrado Corazón, El Paso, Texas
Publisher’s Note: Scroll down for a Spanish language version of this article. On October 10th, NLCUP participated in a workshop in collaboration with the National Credit Union Foundation. Perhaps each attendee at the event [...]
Six fraud trends and the best way to deal with them
Over seventy percent of small financial institutions are experiencing an increase in fraud rates (PYMNTS). Fraud attacks are not only increasing, but they are also becoming more sophisticated. Even some old threats are being revived [...]
The shadows of what may or may not be in 2024
Once again, we have reached that stage of the calendar year. Along with cooler temperatures, shorter days, and planning for the holiday season comes a focus on 2024 and predictions for the year ahead. If [...]
Overtime proposal could have negative impacts on small, rural CUs
CUNA is concerned the Department of Labor’s overtime proposal—while it attempts to strike a balance between the 2016 and 2019 overtime rules—will have negative impacts on credit unions in rural and low-cost [...]
CFPB fines Bank of America $12M for HMDA violations
The CFPB Tuesday announced a $12 million order against Bank of America for submitting false mortgage lending information to the federal government under the Home Mortgage Disclosure Act (HMDA). The bureau’s order requires Bank [...]
Leadership alignment benefits both executives and the board
A few years ago, we started working with a CEO who had only been in the role for a few years. They wanted to implement a professional development program that would thrust the organization forward, [...]
The three phases of credit union website development
The credit union website development process sounds quite intimidating, especially if you lack an IT background. Words like “programming” and “code” make the process seem completely inaccessible. But don’t let it scare you! You [...]
The future of payments: RTP & FedNow
Humans are naturally impatient creatures, yet we are forced to wait before we can enjoy the majority of our worldly pleasures. Trips to amusement parks consist of hours upon hours of waiting in lines for [...]
Is bankruptcy the end of the road for credit unions?
Generally, once a bankruptcy case closes, the bankruptcy judge issues an order of discharge and the debtor is discharged of all dischargeable debts. Once a debt has been discharged, a credit union is barred from [...]
AI simplified: Real-world tactics for transforming your financial workflow today
Are you ready to see what artificial intelligence can really do for your Credit Union or Community Bank, beyond the buzzwords and the hype? Forget the jargon and the tech-speak; this episode is tailored for [...]
SECU and OpenAI, what went wrong!
Before I discuss this dysfunction between the board of directors and leadership at OpenAI and SECU, we must understand that today, a credit union is a technology company, not just a place to make deposits [...]