Don’t have time to learn? Then teach!
I was recently asked, “How do you engage people who think they have nothing left to learn?” My answer? Position them to teach. As we progress in our careers and become credible subject matter experts, [...]
News Archives
Be a cool kid & become a “CUDEie”
This last week I was lucky enough to be a co-facilitator of the National Credit Union Foundation’s CU Development Education “Best Class Ever”. I admit, I was nervous. I have been a mentor before, [...]
Qualities of an effective community credit union board
Being a credit union business strategist and having facilitated numerous credit union strategic planning sessions over the last 30 years, I have duly noted the leadership characteristics of some very successful (and some not so [...]
Credit Union Spotlight: A data-driven approach to primary financial relationships
People over profits is one of the main principles of the credit union movement. That said, it is necessary to seek out and nurture profitable members in order to support the services and solutions credit [...]
Mesack: CFPB’s latest ‘guidance’ masks ‘major power grab’
The CFPB Wednesday released an advisory opinion for financial institutions it supervises – which includes credit unions with more than $10 billion in assets – to provide consumers with information about their accounts “in a timely manner” [...]
CFO Focus: 3-step balancing act
Strategic plans are all about possibilities, but the possibility of risks getting in the way is also part of the equation. Knowing that there are risks and knowing that they can impact financial performance means [...]
Exciting Insights from the latest ABA survey on overdraft services
The American Bankers Association released a new survey that offers insights into how consumers perceive and value overdraft protection. To gain a deeper understanding of the findings, you can explore the full report here: https://[...]
Threads and credit union social media strategy … three months later
Meta’s new social platform, Threads, released on July 5, 2023, to much fanfare. According to Reuters, Threads saw a huge initial influx of 100 million people in its first five days of operation. Such [...]
3 Questions with WOCCU and Worldwide Foundation for Credit Unions’ Lena Giakoumopoulos
CUInsight Publisher & CEO Lauren Culp is joined by Lena Giakoumopoulos, Program Director, GWLN at Worldwide Foundation for Credit Unions for a quick interview with just 3 questions about the Global Women's Leadership Network... Three [...]
Cybersecurity Awareness Month: Protect your credit union and your members
Cyberattacks happen every 39 seconds in the United States, with 2,200 cyberattacks happening per day and 800,000 attacks occurring each year. This number is only expected to grow as time goes on, and [...]
WFCU Global Bridges connects Irish and Ukrainian credit unions
Worldwide Foundation for Credit Unions (WFCU) traveled with staff members from Ukrainian Persha Vseukrayinska Kredytna Spilka (PVKS Credit Union) on a four-day Global Bridges engagement to Ireland this week.. Representatives of PVKS Credit Union, headquartered [...]
Wakeup call: Is BNPL setting up younger consumers for credit trouble?
Buy now, pay later credit may be prompting younger Americans to get in over their heads in debt. This is the conclusion of two separate studies, one from Morning Consult and another from the Federal [...]
Financial inclusion dropping in 2023, solutions remain
Despite the gradual economic recovery experienced in the United States following the pandemic in 2021, according to the Financial Health Pulse’s 2023 U.S. Trends Report released in September the financial health of Americans [...]
How the right records management solution can streamline credit union operations
If a cluttered desk denotes a cluttered mind, what does a cluttered digital filing cabinet say about an organization? With various regulations in place that stipulate how and when financial institutions collect, keep and dispose [...]
Step 2 – Make the case and build enthusiasm
Last month we covered Step 1 – Give your credit union’s employees a voice, check that out in case you missed it! In the article, we discussed how (and why) to involve your employees in [...]