The NCUA Board met yesterday and unanimously approved a NAFCU-sought proposed rule to amend NCUA regulations to include 501(c)(19) veteran’s organization in the definition of “qualified charity.” NAFCU, the Defense Credit Union [...]
Roughly 450 finance leaders gathered in Anaheim, Calif., May 21-24 for the 2023 CUNA Finance Council Conference. Pressures on liquidity and noninterest income dominated discussion, as well as credit unions’ readiness for the current expected [...]
This weekend we recognize Memorial Day, a time when our country comes together to honor servicemembers, both past and present. It is no secret that freedom comes at a high price. Our brave men and [...]
If you are trying to stay on budget, you may have heard about the benefits of having multiple checking accounts. But just how many checking accounts should you have? While you can open as many [...]
Building an effective cross-selling program for your credit union is essential for long-term success, as it relies on the most valuable asset of all: relationships. Unlike major national financial institutions, credit unions have the opportunity [...]
Welcome to the CUInsight Minute, sixty seconds from our Director of Marketing Jen McFadden with our favorite reads from the week. Mentioned: Navigating the future of open banking by VLADIMIR JOVANOVIC, PSCU Open banking has [...]
Good mental health is essential for our overall well-being and quality of life. Mental health affects how we feel, think, and behave, and it is critical for us to maintain good mental health to lead [...]
As your credit union’s member base expands, it is important to ensure your call center operations remain efficient while providing the level of service existing members have come to expect. According to Statista, 40% [...]
Our federal government is comprised of three major divisions known as the executive, legislative, and judicial branches. The U.S. Constitution defines each branch’s duties and powers in Articles I – III of that revered [...]
The Defense Credit Union Council (DCUC) prides itself on “speaking military.” For the past sixty years, DCUC’s mission has remained centered on championing the interests of its member credit unions dedicated to serving those [...]
The Federal Open Market Committee (FOMC) released minutes from its May meeting Wednesday. The minutes showed economic activity expanded at a modest pace in the first quarter, but participants stressed the importance of raising the [...]
In December, the National Credit Union Administration board issued a proposed rule entitled Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions that should, once finalized, make it easier for credit unions [...]
Despite the Consumer Financial Protection Bureau (CFPB) labeling courtesy pay/overdraft protection programs as “junk fees,” some of the biggest proponents of these services are members, finance leaders say. “Our members are low income, and [...]
In service industries, a provider keeps tabs on their existing and target clients. Why? To maintain a line of sight into their client’s evolving needs and to serve them accordingly. Credit unions are service [...]
You’ve probably heard that saying, “The devil is in the details.” And just as the devil can seriously mess up your life, marketing details can seriously mess up your credit union or community bank. [...]
