You could easily make the case that credit unions’ situations are incredibly different from that of Silicon Valley Bank (and two others) that failed in mid-March. Credit unions are required to maintain a much higher [...]
The piggybank is obsolete. The Covid-19 pandemic accelerated the world’s shift towards digitization. Virtually every aspect of modern life has been digitized, and it seems there is an app or digital solution for everything, [...]
NCUA released the March 2023 update of its Simplified CECL Tool. For most credit unions, CECL became effective at the start of 2023. For credit unions that started using the Simplified CECL Tool in the [...]
The U.S. Court of Appeals for the Second Circuit issued a decision Thursday in which it says the CFPB’s funding structure is constitutional as it was authorized by Congress and is bound by [...]
We're more than halfway through the first round of CUNA's first-ever Mascot Madness tournament. Watch the latest CUNA News Weekly Wrap-up to see which mascots are earning votes, who has advanced to the semifinals, and [...]
CUNA and Leagues continue to get the word out about credit union safety and soundness. We’ve reached out to members of Congress highlighting the ways credit unions are a stable, necessary, and popular choice [...]
"No man ever steps in the same river twice, for it's not the same river and he's not the same man." This quote from Heraclitus illustrates that in both life and business you can't go [...]
In lending, it’s often a case of “racing to the bottom” regarding rates and pricing. Competitors all try to have the best and lowest rates in town to maximize their loan dollars lent out [...]
As we discussed in part one of our Q1-2 2023 Economic Outlook, the financial sector appears well-positioned for an economic downturn. That being said, we are seeing the deterioration in delinquencies we have been forecasting. [...]
Over the last few years, we have all become familiar with operating our businesses in highly uncertain environments. Continued murkiness surrounding the possibility of a recession, the release of sometimes-troubling monthly macroeconomic data, and the [...]
Welcome to the CUInsight Minute, sixty seconds from our Publisher & CEO Lauren Culp with our favorite reads from the week. Mentioned: Cryptocurrency: The modern wild west by B. DAN BERGER, NAFCU “Tombstone” is an [...]
Looking for a new primary financial institution? Here are five reasons you should choose a credit union... Lower fees and better rates: Credit unions often offer lower fees and better interest rates on loans, mortgages, [...]
When I was a little girl, my two biggest fears were tornadoes and nuclear war. I grew up in East TN (tornado alley) near the plant that generates the explosive material for nuclear warheads. As [...]
Co-author: Katie Bailey One of the benefits of the cloud is an increase in the “as a service” model. This model allows businesses to take over some of the tasks or processes that a credit [...]
Comments from a panelist at the recent CUNA Governmental Affairs Conference provided the inspiration of this article. During the Inclusiv’ Juntos Avanzamos (Together We Advance) Forum I was privileged to listen to Eva Gomez, Board [...]
