The world seems to be changing faster every day. Businesses are being challenged to find ways to cope with these changes while still maintaining high levels of safety, security, profitability and customer service. COVID-19 has [...]
NCUA Chairman Todd Harper spoke at CONNECT 2023, the MD|DC Credit Union Association’s annual meeting and convention Tuesday. Harper discussed the safety and soundness of the credit union system, interest rate and liquidity [...]
Both 30- and 60-day delinquencies have surpassed levels from before COVID-19, and the Consumer Financial Protection Bureau reports the percentage of auto loans transitioning into delinquency is rising at an accelerated rate. This is particularly [...]
We’re in the middle of an insurance crisis: Credit Unions and community banks are being dropped by their providers while premiums skyrocket. Likewise, consumers face escalating insurance costs as global economic instability intensifies. Here's [...]
The Federal Reserve held interest rates steady Wednesday, but officials signaled they are prepared to raise rates again this year to tame stubborn inflation. The central bank maintained its benchmark interest rate in the range [...]
If your team breaks out in chills, moans and groans when the phrase “cross-selling” is mentioned, it’s time to re-think some things at your credit union. First, do you have the right team? One [...]
In 2023, credit unions are seeing lending slow and deposits drain. The interest rate environment is the top concern for credit union leaders for 2023. The cost of funds is up, and profitability is feeling [...]
Banking has been hit with a whirlwind of technologies in recent years. With growing tech stacks that only continue to increase in complexity, it’s important to pick and choose which tech offers the best [...]
Remember The Jetsons? That cartoon imagined an optimistic future in which humans zipped off to work in flying cars and had sassy housecleaning robots like Rosey to make their lives more convenient. The show originally [...]
As the House begins its markup of the FY2024 National Defense Authorization Act, DCUC and our fellow credit union trade associations remain opposed to any amendments from the banking lobby on Department of Defense (DoD) [...]
Credit unions have spent decades establishing a reputation for exceptional member service and community-oriented banking. But to maintain this reputation in an increasingly competitive industry, credit unions have to innovate like never before. This means [...]
Here we are, nearly halfway through the year, and more than a few notable events have transpired. For starters, the second largest bank failure in history happened, not once, but twice, which seems a bit [...]
“Fake it until you make it” is often used to build confidence or to change behaviors in the moment, such as “smile until you feel like smiling.” But this is poor advice for leaders who [...]
The Beach Boys perfectly encapsulate the sound of summer. Their cheery voices, catchy doo-op tunes and fun themes make their music a perfect companion for a drive on a sunny day. In fact, their music [...]
As any reputable financial institution (FI) knows, to have a successful deposits program, you must first establish your FI’s Customer Identification Program (CIP). CIP verifies the applicant’s identity, a crucial component of any [...]
