The NCUA issued one prohibition notice in October, prohibiting the individual previously associated with credit unions from any future participation in the affairs of a federally-insured depository institution. Violation of a prohibition order is a [...]
Cast your mind back to not too long ago, when every credit union marketing campaign, research program and member segmentation initiative seemed to be built with the millennial in mind. A seemingly endless slew of [...]
According to one recent study, data breaches in the United States end up costing nearly twice as much as the global average as of 2022. Not only that but it has been estimated that human [...]
Buying a home is NOT just a transaction but a strategic goal for consumers. That strategic goal is to provide a home to raise a family, build on the promise of generational wealth, access better [...]
You can almost smell it…the turkey, the stuffing, the pumpkin pie. All things you want to weigh down your plate. But before you get to feast, your plate is full of something else – work. [...]
Happy November everyone! I hope you had a great Halloween. We’ve now entered my favorite two months of the year. Food, holidays, and sweaters, the perfect trifecta. What’s not always perfect? Disclosures. Today [...]
Over most of the past decade, fintech firms have experienced rapid growth and increasing consumer adoption, fueled by digitization, changing consumer behaviors, and abundant investor funding. In response to a continued inflow of investment funding, [...]
The financial services industry is constantly evolving. As we look ahead to 2024, credit unions need to be prepared for several key trends and developments that will shape the industry. By planning ahead, credit unions [...]
We’ve all heard the saying “know your audience,” but have you thought about using that same approach at your credit union? Member segmentation is the process of categorizing your membership based on the data [...]
October 19, 2023 we celebrated the 75th anniversary of International Credit Union Day and this month we will commemorate 115 years of credit unions in the United States. On November 24, 1908, the “La Caisse [...]
The CrossState Credit Union Foundation, working in conjunction with the Pennsylvania Department of Corrections and the Pennsylvania Department Banking & Securities held a Financial Reality Fair Oct. 20, at Pennsylvania CareerLink in Harrisburg, Pa. The [...]
This article is excerpted with permission from Hofheimer’s 2023 book, Banking on a Human Scale. Technology is both a curse and a dream. The dream part is fairly obvious to most: You can take [...]
President Joe Biden Monday issued an executive order directing federal agencies to pursue new standards for artificial intelligence (AI) in support of safety and security, protecting Americans’ privacy, advancing equity and civil rights, promoting innovation [...]
Thousands of US employers ranked employee retention as their No. 1 operational and HR priorities in 2023.1 But retaining employees doesn't happen without a conscious effort. Many factors count, from career growth opportunities to [...]
Disruption is both an adjective and a noun. A word to describe changes upsetting the status quo in a market and a way to compete against larger and stronger foes. The business theory with this [...]
