Last week, the National Credit Union Administration (NCUA) held its July board meeting, which featured a unanimous vote by the board to approve a final rule which will implement the Credit Union Governance Modernization Act ([...]
Community engagement is crucial for credit unions to fulfill their mission of promoting financial wellness and enriching their members’ lives. As members' needs are constantly changing, implementing engaging and worthwhile community development programs can be [...]
Historically, the debit audience has been comprised of older consumers with lower incomes living in suburban areas*. But that may be changing. Nearly one-third of U.S. debit users have increased their usage in the [...]
A robust media strategy is critically important to credit unions for several reasons. As financial institutions that operate within local communities and serve their members' financial needs, credit unions rely on public trust and positive [...]
Recent bank failures in the United States have raised concerns with individuals and businesses alike. On March 10, 2023, Silicon Valley Bank failed after a bank run, marking it the third-largest bank failure in United [...]
The African-American Credit Union Coalition (AACUC), inducted seven credit union leaders into its African American Credit Union Hall of Fame Induction Ceremony during the 25th Annual AACUC Conference in Stone Mountain, Georgia. “We are so [...]
The oral arguments for the CFSA v. CFPB Supreme Court case have been scheduled forOct. 3.Earlier this month, NAFCU, CUNA, and the American Association of Credit Union Leagues (AACUL) filed ajoint amicus brief in [...]
In today's fast-paced digital landscape, credit union members prioritize speed above all else. They desire the convenience of managing their essential financial affairs effortlessly, anytime, anywhere, and on any device. FedNow, the new instant payment [...]
Much ink has been spilled over the impending decline of the branch. As consumer preferences have shifted to digital banking, both via mobile apps as well as online, conventional wisdom states that branches are largely [...]
Want the easiest way to increase sales by up to 21%, lower turnover rates and increase market share by 25%? If you’re reading this and thinking, ‘This is too good to be true,’ it [...]
At the start of 2023, credit unions with calendar year end financial statements were required to adopt the Current Expected Credit Loss (CECL) methodology to quantify life of loan charge offs. As credit unions get [...]
Customers are interacting with banks and credit unions across a wide array of touchpoints these days, including chatbots, social media, email, mobile apps, websites and traditional call centers. Having all of these options available offers [...]
For much of the last century, the proud credit union movement has played a vital role in supporting the financial interests of our United States military service members, veterans, and their families, in addition to [...]
Every credit union would like to be every member’s primary financial institution—the place they turn first whenever they have a new financial need, concern, or goal. And while it’s always taken time, [...]
Summer is many things. School break. Vacation time. Pool season. And for many of us – the beginning of our annual business and financial planning process. Okay, maybe planning doesn’t have the same ring to [...]
