News Archives

Tame the Compliance Monster

The compliance burden affects all financial organizations, often requiring them to extend compliance-related operational functions into new areas. To meet increasing regulatory obligations, financial institutions may be tempted to add staff and re-channel resources away [...]

Credit Unions Looking For A Free Ride

By Frank Keating, CEO, American Bankers Association In an era of crushing deficits, is it appropriate for an extremely profitable $1 trillion industry to freeload while all other businesses in the United States pay their [...]

The Importance of Monitoring the Key Threat to Your Existence

by Michael Hudson Earlier this month I accompanied my wife to the National Association of Realtors Convention in Orlando.  I always find attending conferences in other industries enlightening and stimulating, and this one was no [...]

Cooperative Models of Inspiration

Cooperative Models of Inspiration

by Shazia Manus Alongside Iowa Credit Union League President & CEO Pat Jury and TMG Senior Advisor Jeff Russell, I recently attended the 2012 International Summit of Cooperatives in Quebec, Canada. It was exhilarating to [...]

What Credit Unions Can Learn From the Patco Case

by Henry Meier Suppose hackers take advantage of a credit union’s inadequate online security to steal member passwords and wire several hundred thousand dollars out of a member’s business account.  The credit union [...]

Cliff Diving and Your Credit Union

Cliff Diving and Your Credit Union

by Brad Thaler, NAFCU I love trying new things and don’t have a strong aversion to risk, but I have never been cliff diving and don’t anticipate I ever will. Partially due to [...]

MBL Powers National Recovery & Income in 2013

by Jim Jerving Credit unions have been providing business loans since their beginnings more than a century ago.  But like student loans, they are sometimes given and recorded as credit card or home equity products.  [...]

Building Office Accountability Through Trust

by Mark Arnold Every office setting is a microcosm of humanity. Daily you’ll experience a sampling of people at their high and low points. As human beings, we’re all fallible and subject to [...]

Leaders: Stop Offering Breadsticks

by Matt Monge The music was absolutely dreadful, yet I continued subjecting myself to it; it was a crisis situation, after all. Anything having to do with pizza rises to that level for me. On [...]

Business Lending Contributed to Easten New York FCU’s Failure

by Keith Leggett NCUA's Office of the Inspector General (IG) released a report on the failure of Eastern New York Federal Credit Union. As of September 2012, the estimated loss to the NCUSIF was approximately $[...]

Explaining The ‘Fiscal Cliff’ To Members

By Rebecca McClay Credit unions can soothe members' confusion about how looming tax increases will affect their finances. Former Washington Post copy editor Phillip Blanchard is right – there’s no need to use that scaremongering [...]