News Archives

Credit unions show commitment to financial education

By Mike Corn A report released from the CFPB in November highlights the disparity in the amount of funds spent on financial education for consumers as opposed to that spent in marketing financial products to [...]

Forbes points to customers, brands and engagement

Happy New Year. 2014 promises to be a year full of challenges, but one full of plenty of opportunities as well. Indeed, many pundits and analysts predict that 2014 will open the door to a [...]

Find your innovation garage

Find your innovation garage

by. Anne Legg For a while, it seemed like all the best innovations started from an idea incubated in someone’s garage. But if you don’t happen to be a garage start-up, don’t [...]

Durbin interchange fee battle rages on

Durbin interchange fee battle rages on

by. Terry Dooley The ongoing legal battle over swipe fees will continue in court next month. Oral arguments are scheduled for January 17 in the Federal Reserve Board’s appeal of district court Judge Richard [...]

14 Questions for 2014

14 Questions for 2014

Happy New Year. Welcome to 2014! I recently read that 2013 was the year of regulation and hopefully 2014 will be the year of relief. Unless, you plan on retiring this new year, I doubt [...]

The art and science of perspective-taking

By Shari Storm, CCE As I prepare to leave Verity Credit Union, I’ve spent considerable time thinking back on the lessons I’ve learned and the people who have taught me. Early in my [...]

Generation Y: Why ‘millenials’ are worth a second look

Financial institutions might be inclined to dismiss Generation Y. By Stephen Nikitas After all, Gen Y-the demographic group also known as "millennials"-boasts an unemployment rate of more than 13 percent and an average salary [...]

NCUA’S significantly expanded final CUSO rule

NCUA’S significantly expanded final CUSO rule

by Jane Pannier The NCUA has amended—or rather, significantly expanded—the scope of the existing CUSO (Credit Union Service Organization) rule. Although NCUA does not have direct statutory authority to regulate CUSOs, it does [...]

Are you reaching too far for yield?

by. Henry Meier For years, NCUA and other regulators have been warning of impending interest rate risk on the mistaken assumption that a spike in economic activity with a resulting spike in short term interest [...]