The last two months have been chaotic, unnerving and problematic for financial institutions, not only in the U.S. where 3 of the 4 largest bank failures in the nation’s history have occurred, but [...]
CUNA strongly opposes the proposed changes to the Small Business Administration’s (SBA) 7(a) loan program, it wrote to the House Small Business Committee for its hearing on the program. Loans made through the [...]
On a seasonally-adjusted basis, overall consumer prices rose 0.4 percent in April, with the overall consumer price index (CPI) rising 5 percent year-over-year. NAFCU Economist Noah Yosif analyzed the data in a new Macro [...]
The Federal Reserve’s latest 25 bps increase in the fed funds rate presents opportunities and challenges for credit unions. With the grand total of rate increases since early 2022 now at 5%, this puts [...]
Natural disasters have been a part of the Earth's natural systems since the dawn of time. Galileo once taught that nature is orderly and follows mathematical and physical laws, but nature's complexity often defies predictability. [...]
Fraud is on the rise — bad news for banks and customers alike. In today’s digital world, criminals have more tools at their disposal than ever before. And financial institutions, government and consumers all have [...]
If your community is growing, it’s also diversifying. To this point, the U.S. Latino population is growing rapidly in communities across the nation. In 2021, roughly one in five Americans was of Latino [...]
Adlumin recently flagged lateral movement incidents on a customer’s network. The detection was achieved via an AI algorithm designed to aggregate suspicious incidents until they collectively project a high-fidelity threat signal. This prevented further [...]
A SWOT analysis is a strategic evaluation technique designed to put a company’s market position into perspective based on its strengths and weaknesses. The SWOT acronym stands for Strengths, Weaknesses, Opportunities, and Threats. This [...]
While financial literacy is low among many U.S. adults, BIPOC households often feel that finances are a personal and private matter, and are habitually uncomfortable around conversations about money.[1] Our data confirms that [...]
In today’s ever-shifting economic landscape, credit unions continue to play a pivotal role in providing affordable financing options for individuals and businesses, remaining resilient in the pandemic’s wake. With the liquidity challenge now [...]
In a small community resembling a German village that sits high atop a mountainous area in the State of Rio Grande do Sul, Brazil, sits a credit union that is one of the world’s [...]
CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s April Consumer Price Index (CPI) Report: “In April, the year-over-year headline inflation decreased slightly from 5% in March to [...]
NAFCU Vice President of Legislative Affairs Brad Thaler wrote to the House Small Business Committee Tuesday ahead of its hearing to examine the Small Business Administration’s (SBA) 7(a) lending program. Thaler remarked that [...]
In one of my recent workshops, an executive shared her struggle with perfectionism in leadership. She talked about the standards she places on herself and her feelings of inadequacy if she makes one mistake—mulling [...]
