The FedNow® Service went live on July 20, 2023 and is accessible to depository institutions in the United States. As of this publication, there are 26 participating financial institutions. This service enables individuals and businesses [...]
I took a week off recently. I highly recommend it. The World Credit Union Conference (WCUC) had just ended and during downtime with my family in Vancouver, I paused to reflect on how many people [...]
My daughter MacKenzie recently returned home from lacrosse camp. I was running on my treadmill when she arrived home. She zipped upstairs as I ran and chatted with me as I finished. After a few [...]
Banks face a perfect storm of headwinds. Fee revenue is dropping steadily, with this deterioration in non-interest income proving difficult to replace as regulators crack down on certain charges. At the same time, new customer [...]
New voices continue to shape conversations and strategy within the CUNA-League system as several new league presidents have assumed leadership roles within the past several months. This episode of the CUNA News Podcast features four [...]
If your credit union utilizes any social media platforms and you’re undertaking a core conversion (or any major technology upgrade for that matter), then this article is for you! Planning, organizing, executing, and monitoring [...]
Your website is one of the most important parts of your bank or credit union. It’s at least as vital as your branches. In the eyes of younger consumers, it’s far more essential – [...]
Fraudsters design their scams to get people’s attention—and later their money. Here are three things that First Line of Defense is teaching credit union staff people this summer so they can better prepare [...]
Jim Nussle, president and CEO of CUNA, is set to attend NAFCU’s Congressional Caucus to discuss advocacy priorities and what the proposed transformation to America’s Credit Unions means for the credit union industry. [...]
Thank you for tuning in to episode 63 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
Last week, the Defense Credit Union Council (DCUC) was in beautiful Colorado Springs to celebrate 60 years of being the voice for credit unions serving our nation’s military. The last six decades have seen [...]
There is so much to do. Member expectations continue to increase. The need to grow overall membership does, too. In the meantime, you must invest in digital platforms, talent, and process optimization. You also cannot [...]
On July 26, 2023, the US Securities and Exchange Commission (SEC) adopted rules requiring certain cybersecurity disclosures from public companies. The rules require prompt disclosure of material cybersecurity incidents and annual disclosure of the details [...]
The current market environment has many senior leaders examining card loan assets more closely. Factors heightening these concerns include: Higher funding costs – slowing or negative deposit growth rates Higher credit costs – full implementation of CECL ([...]
Total investments in pre-funded employee benefits programs have increased drastically as credit unions continue to navigate challenges in attracting and retaining talent amid rising benefits costs and tight labor market conditions. In 2021, total assets [...]
