News Archives

Mentoring program builds bridges among diverse women

Mentoring program builds bridges among diverse women

It was a sunny spring afternoon in 2022 when Jed Meyer, president/CEO of $327 million St. Cloud Financial Credit Union, St. Cloud, Minnesota, first saw a post on LinkedIn from Montana’s Credit Unions’ [...]

CUNA states concerns with CFPB ‘abusive practices’ rulemaking

CUNA states concerns with CFPB ‘abusive practices’ rulemaking

CUNA joined with five other national trade organizations to express concern with the Consumer Financial Protection Bureau’s statement on abusive acts or policies – including the deviation from statutory requirements and failure to provide clear [...]

The legacy effect of credit unions

The legacy effect of credit unions

I’m 78 years old. Many requests for donations to support various organizations from prior years now come with a special option: become a legacy member. These institutions cover the entire spectrum of public and [...]

The minor vote may matter

The minor vote may matter

Threenagers are some of the most difficult people to please. Trust me, we have one. She’s bossy. She mocks us. She’s super impatient and messy. I for one wanted to evict her, but [...]

Are your customers cheating on you?

Are your customers cheating on you?

Traditional banking providers and their digital competitors have become intertwined for consumers, who don’t want to give up either one. Instead, they are opting to use multiple financial services companies. Their cafeteria-style banking choices [...]

NY Fed publishes report on digital assets payments system

NY Fed publishes report on digital assets payments system

The Federal Reserve Bank of New York’s New York Innovation Center Thursday published a report on the feasibility of an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger. The project [...]

Diversity Insight: You are welcome here

Diversity Insight: You are welcome here

For Spectra Credit Union, diversity, equity, and inclusion is not a new initiative. In fact, Spectra CU’s team comprises 60% of people of color and 65% of women. With a diverse senior management team, [...]

3rd annual #ILoveMyCreditUnion is almost here

3rd annual #ILoveMyCreditUnion is almost here

Credit union champions are taking to social media on Friday, July 28, to tell the world why they love their credit union. The Illinois Credit Union League is back for their third annual social media [...]

Opportunities in chaos

Opportunities in chaos

First off, I want to thank everyone who attended Engage 2023: NAFCU’s Annual Conference. It was fantastic to be back in-person and able to talk, collaborate, and strategize with so many people. In my [...]

Unveiling FedNow: What it means for your credit union

Unveiling FedNow: What it means for your credit union

Members come to your credit union in large part for the personalized, convenient experience that a traditional financial institution cannot provide. Digital services like automated loan decisioning have quickly become a way for your credit [...]