Meeting compliance standards is an ongoing concern for financial institutions. Over the last 15 years, ATM management has significantly added to those headaches. Changing requirements, additional mandates, and liability updates have created a need for [...]
Love it or hate it, cross-selling is a big part of every credit union. It’s how people discover what you offer. It’s also how your CU grows. However, both members and employees have [...]
Given ongoing news of banking system challenges, including the Silicon Valley Bank (SVB) failure, a lot of people are wondering about the stability of our banks and credit unions. The reality is that it’s [...]
Now that the Covid 19 pandemic is mostly in our rear view mirror its time to look forward and live again —not just exist as many of us did under a national health emergency. Credit [...]
Risks borne by recently collapsed banks should not be paid for by credit unions that serve communities across our country, CUNA wrote to the House Financial Services Committee for its hearing on recent bank collapses. “[...]
NAFCU Vice President of Legislative Affairs Brad Thaler Monday submitted a letter to the Senate Banking Committee ahead of its hearing this morning to examine the Silicon Valley Bank and Signature Bank collapses. In the [...]
The key to building solid select employee group (SEG) partnerships is listening to these organizations’ needs and leaning into how your credit union can support their goals, says Kristin Llewelyn, senior manager, affinity partnerships, at [...]
A professional world without data governance would feel something like Lewis Carroll’s Alice in Wonderland, with everyone involved sharing nonsensical ideas and talking in terms that don’t make sense to every other person [...]
The failure of Silicon Valley Bank was “a textbook case of mismanagement,” according to Michael Barr, vice chairman of supervision for the Federal Reserve. Nonetheless, the failure raises questions about evolving risks in the banking [...]
Credit unions have always been better cooperators than competitors. The joint investments of five Washington-based credit unions to the Evergreen Impact Housing Fund (EIHF) is a shining example of the “cooperation among cooperatives” principle in [...]
The current economic environment has many credit unions facing liquidity pressures causing senior leadership to take a closer look at balance sheet assets. External factors heightening these liquidity concerns include: Inflation and the associated rate [...]
There’s no doubt about it – money can get complicated. It’s emotional, compromising, and slippery, especially when one doesn’t understand how to use it to work for them. That’s an issue of [...]
Growing your credit union’s mortgage lending business in today’s competitive market requires delivering a best-in-class member experience. This experience is a direct reflection of how efficiently you process loans on the backend and [...]
Without question, the multi-year plan still has its place – even amid today’s unprecedented pace of change. After all, long-term planning is how leaders put meat on the bones of their vision. At the same [...]
Leadership is constantly evolving. What worked thirty years ago, or even twenty or ten years ago, is no longer effective. The gap between technical competencies and leadership competencies has widened, and what is required to [...]
