Retirement tax incentives are set to cost the Treasury nearly $700 billion over the next five years, second only to the cost of the exclusion for employer-provided health insurance. The latest cost estimates are jaw-dropping—[...]
by: Dan Berger The temperatures in the D.C. area have taken a turn for fall – the season of the harvest. I read a recent article on Inc.com that discussed the four seasons of [...]
by. Steve Arbaugh A major focus of NCUA examinations has been the management of liquidity and interest rate risk. As CFO of SECU, Maryland, I would like to share our most recent NCUA examination experience. [...]
by: Amaia Kirtland When it comes to online banking best practices, there are plenty of ways to protect yourself, and your money, from possible fraud or compromise. Here at Lancaster Red Rose Credit Union, we [...]
Retaining current members at any credit union is just as important as pulling in new ones. One smart way unions can get their current members' attention and potentially sell more financial products is to focus [...]
by: Henry Meier How much is cyber theft costing us? The question is crucial because, to simple country lawyers like me, we are facing the electronic equivalent of a man-made Ebola virus. Is it possible [...]
Many credit unions have started their budget and, similar to prior years, stress testing key assumptions should be an important part of the budget process. Last year, we emphasized the importance of testing out different [...]
Today’s Credit Union tellers are caught in a balancing act. So much of their time is spent accounting for cash, both physically and electronically, and balancing cash drawers—all while trying to provide the [...]
As credit unions continue to face the challenges of on-going regulatory requirements, growing competition and increased member service expectations, the need for highly qualified employees is a constant concern. To make matters worse, more and [...]
The title question may seem odd, but it is one that needs to be asked. If we start from the premise that effective strategic planning is fueled by creative ideas, thinking in new ways, and [...]
Despite an improving economy and growing consumer confidence, there’s still turmoil in the financial world of millions of consumers. The American Consumer Council (ACC), a non-profit consumer education organization, calculates that nearly 32% of [...]
by: Anthony Demangone I was scanning my Twitter feed the other day when I saw the following Tweet from Dan Rockwell. It’s too late if you’re absolutely certain. #leadership — Dan Rockwell (@Leadershipfreak) September [...]
Instead, focus on root causes of challenges to change. by: Christopher Stevenson This week at CUES’ inaugural Strategic Innovation Institute, hosted at MIT Sloan School of Management, Roberto Fernandez, Ph.D., relayed a story about [...]
by: Nicole Reyes As consumer awareness about the prevalence of payment fraud increases, more cardholders are becoming interested in protecting themselves. They are looking for convenient, simple ways to protect their accounts and identities. Consumer [...]
by: Robin Remines September was usually the most active “budget” month for my credit union. Hours were spent writing the business cases and justifying expenditures. One area that rarely met any opposition was an investment [...]
