3 ways to go broke fast
Americans have different views on the current state of the economy, but with inflation still elevated, it's sketchy at best. If you and your members want to keep your finances in good shape, here are [...]
News Archives
Top three insights for credit unions to safeguard financial data
Targets for cybercriminals are chosen based on two conditions: impact and profit. Credit unions meet both requirements while offering multiple avenues for theft and fraud. With the increasing reliance on cloud-based services, mobile devices, and [...]
Credit union complaints don’t have to rock the boat
Nothing gets your heart racing at work quite like seeing an angry member complain about the terrible service they received at your branch. Whether they’re complaining in person, online, or over the phone, chances [...]
FHFA updates public engagement process for updated credit score requirements
The Federal Housing Finance Agency (FHFA) announced additional opportunities for ongoing public engagement to facilitate the transition to updated credit score models and credit report requirements for loans acquired by Fannie Mae and Freddie Mac ([...]
FedNow panel touts innovation, safety of instant payments
During Congressional Caucus Wednesday, NAFCU Senior Counsel for Research and Policy Andrew Morris moderated a panel discussion on the FedNow Service with key stakeholders who shared their perspective on the instant payments platform. Jim Hunsanger, [...]
Why should financial institutions focus on account holder financial wellness?
Now is the time for financial institutions to prioritize leveraging technology focused on the financial health of their account holders. Two recent surveys, highlighted below, found a gap between what account holders want — help and [...]
Why picking the right AI-credit decisioning partner matters
As financial institutions continue to evaluate AI underwriting solutions to incorporate into their lending strategies, recognizing the distinction between vendors and true partners in innovation is more important than ever. While a vendor offers a [...]
Using AI to assess and understand your loan portfolio ahead of student loan repayments
The debt-limit deal struck by the White House and congressional Republicans says the pause on student loan payments will expire no later than Aug. 30. This decision may have had significant consequences for credit unions [...]
Understanding the fine print: Cybersecurity insurance vs. warranties
The rise in cybercrimes and attacks has reached an alarming rate, putting organizations at risk of losing sensitive information and digital assets. The need to remain protected against these threats has led to the adoption [...]
Creating real metrics for financial literacy
I am still riding the wave of inspiration cast by this year’s 25th Annual AACUC Conference. Hundreds of credit union professionals all left with a very specific call to action – “What does Legacy mean [...]
Three credit union market perspectives – Q3 2023
At a time when the economy remains in a state of flux and financial stresses persist, this article outlines three key observations from our recent credit union market perspectives report. Federal student loan payments are [...]
Reputation accounts for more than 63 percent of a credit union’s value
Reputation has always been valued, but until recently, it was considered difficult to quantify for credit unions and often overlooked as a tangible risk. Today, reputation has emerged as a critical asset for businesses and [...]
Nussle: A united advocacy message in Washington is powerful
To begin the second day of NAFCU’s Congressional Caucus, CUNA President/CEO Jim Nussle – who will lead the proposed America’s Credit Unions – joined NAFCU Senior Vice President of Government Affairs Greg Mesack for [...]
Harper, Hood highlight latest data, industry strength at Congressional Caucus
NCUA Chairman Todd Harper and Board Member Rodney Hood addressed credit unions on the second day of NAFCU’s Congressional Caucus to share details on the NCUA’s efforts to bolster financial inclusion and innovation, [...]
Top five reasons to hire a credit union marketing team
Marketing is a necessity, and it requires a place in the budget. It also requires a lot of time and energy. Even if you devote the right amount of monetary resources to credit union marketing, [...]