While at a conference recently, a credit union CEO was discussing his credit union’s new online-only charter expansion with me. As he highlighted the new features the digital credit union would offer and what [...]
Most of humanity likes everything faster. It's why the internet and fast food both succeeded. But what about real-time (or simply faster) payments? Why is that such a big deal? Should you love it? I [...]
Personalization is the key to portfolio development growth. According to Salesforce, 66% of consumers believe a company should know their individual needs and 52% expect personalized offers. While personalization can take many forms, its core [...]
My colleagues at Financial Health Network recently released research citing that amid government policy overhauls and renewed regulatory attention to overdraft and NSF fees, understanding when, how, and why members overdraft should inform further shifts [...]
Charlie, a new startup offering banking services for the 62+ community has launched; and the team at Cornerstone Advisors/Gonzo Bankers took notice, The newest neobank is for the 62+crowd. I’m glad they [...]
CUNA Senior Economist Ligia Vado discusses the current conditions of the labor market in the June 2023 CUNA Economic Update. “In our most recent economic forecast for credit unions and the economy, we updated our [...]
The Federal Open Market Committee (FOMC) yesterday released minutes from its June meeting, revealing the committee agrees that “inflation was unacceptably high” and that lowering inflation has been “slower than expected.” According to the minutes, [...]
Financial institutions are aggressively competing to attract deposits and savings accounts. Liquidity risk for credit unions, in particular, has been identified by the National Credit Union Administration as one of the biggest challenges in 2023. [...]
About 88% of U.S. parents with children younger than 18 say it’s extremely or very important to them that their children grow up to be financially independent and have jobs they enjoy – far [...]
People helping people. That’s the mantra of the credit union world, and credit unions channel that mantra into great acts of community service. But what if you’re missing those right in front of [...]
Having successfully launched an unprecedented and remarkably influential technology, its visionary creator composed a significant letter that intensified the ethical and existential dilemmas associated with his groundbreaking innovation. It’s reasonable to assume that I’[...]
Realizing financial literacy is an important part of wealth-building or even functioning in today’s world, but its fundamentals have failed to be passed along equally to all Americans. Achieving the American Dream – opportunities to [...]
Digital banking account holders increasingly expect the convenience of instant peer-to-peer (P2P) transfers, which entail sending or receiving money from one of their accounts to another person or organization’s account. But most account-to-account (A2A) [...]
The NCUA’s recent Request for Information for climate-related financial risk has thrown the industry’s ESG efforts into sharp focus. And with the built environment being linked to 40% of global CO2 emissions, it’[...]
The speed of digital transformation has rapidly changed consumers’ behaviors and demands – and this evolution extends far beyond food delivery apps and entertainment streaming platforms. As technology advances, today’s consumers want and expect instant [...]
