What are the hottest positions for community financial institutions to fill in 2024? Those within compliance, risk and finance certainly head the list, according to B.J. Berrettini, executive director for a search firm in [...]
U.S. Eagle Federal Credit Union plans to acquire Southwest Capital Bank, the companies announced in a joint press release. Both institutions are based in Albuquerque, New Mexico, and the purchase price was not disclosed. [...]
Today, the efficiency and satisfaction of your staff are critical to the overall success of your organization. Ensuring that your employees are working in an environment that promotes productivity and job satisfaction can lead to [...]
Spokane Teachers Credit Union plans to acquire $550 million-asset Community Bank, which is based in Joseph, Oregon. The purchase price was not disclosed. This is the 13th credit union-buying-bank deal announced this year, although it [...]
Let’s start with a question: Do community-based financial institutions need more regulation or governmental intervention? My answer — and I suspect your answer — is a resounding no. Community-based financial institutions are the backbone of America. [...]
So just how much bigger is Navy Federal than other U.S. credit unions? Consider this. The National Credit Union Administration posted call report data recently that showed Navy Federal had nearly 13.8 million [...]
In today’s technologically driven landscape, financial institutions continuously try to upstage each other by providing the most innovative products and features to meet the growing demands of their members. One innovation that addresses the [...]
Many credit unions and banks will be taking a closer look at their vendors after an IT outage struck businesses around the world July 19. Some banks, including JPMorgan Chase, experienced disruptions earlier this month [...]
Guarantee uninterrupted service with cloud redundancy As the term suggests, cloud redundancy means duplicating compute and data across multiple cloud infrastructures, enabling immediate retrieval or access if your primary cloud service is compromised. Unlike traditional [...]
Most bank and credit union CEOs agree that there will always be a need for branches, but it is unquestionable that foot traffic has decreased during the past several years – a trend that was only [...]
In the latest episode of the Digital Banking Podcast, host Josh DeTar interviewed Caitlin Brama, the CEO of Farm Credit Employees Federal Credit Union. Brama shared her unconventional journey to becoming a credit union CEO, [...]
The programs allow members who might need some extra money in a given month to “skip” a payment by pushing it to the end of the loan term. The arrangement generates a little extra money [...]
In the competitive landscape of financial services, community financial institutions hold a unique position. Their local presence and personalized service creates a strong foundation for building lasting customer relationships. However, to thrive in today’s [...]
The National Credit Union Administration approved a proposed rule that would require federally-insured credit unions to establish succession planning for key positions in their organizations. At the board’s July 18 meeting, Chairman Todd Harper [...]
The Federal Reserve’s instant payment network–FedNow–turns one year old July 20, and if usage and adoption was a bit slow out of the gate, that is no longer the case. The Fed [...]
