“Recession,” though it hasn’t officially arrived, has been on everyone’s minds for months. You have probably felt the financial pinch already — which means 2023 could be another challenging year for revenue. If your [...]
In my many years hopping on calls with community banks and credit unions about their strategic planning sessions, I found there are some questions leaders always ask. To help you better plan your own session, [...]
Credit unions play an important role in the financial sector, providing access to credit and financial services to millions of people across the country. However, credit unions themselves face unique challenges when it comes to [...]
Credit unions face some of the most sophisticated and financially damaging cyberattacks, with data and their customers being an adversary’s prime target. Adlumin’s Threat Research Team has been seeing an increase in credit [...]
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 [...]
In today’s workplace, attracting and retaining talent is more critical than ever. The COVID-19 pandemic shifted workplace priorities, and workers are more prone to jumping ship if they feel unsatisfied. Retaining employees — especially current [...]
As the leadership advisor to my credit union client’s executive team, one of my favorite roles is to observe and give feedback during group discussions. Recently during a heated debate I kept hearing the [...]
The House and Senate are in Washington, D.C., this week and will consider various legislation. Treasury Secretary Janet Yellen is scheduled to testify before appropriations subcommittees in both chambers to review the Treasury's FY235 [...]
A group of bipartisan lawmakers led by Senate Housing, Transportation, and Community Development Subcommittee Chair Tina Smith, D-Minn., and Ranking Member Mike Rounds, R-S.D., last week introduced the CDFI Bond Guarantee Program Improvement Act. [...]
Last month I shared some basic methodology using “back-of-the-napkin math” to address what your credit union is likely facing: falling used car values. In reality, what all auto lenders are experiencing now is a double [...]
You understand the power of making smart investments. It can give you freedom and flexibility to do what you want. For many, a college education is one of the smartest investments you can make, generating [...]
That’s right – your community bank or credit union is a living, breathing entity. It’s complex, it can be sick, it can be healthy and every part depends on the other parts to succeed. [...]
The news of recent bank collapses is troubling, especially as we grapple with the prolonged economic effects of the pandemic. Naturally, consumers are naturally concerned about the effects, and credit unions—as the original financial [...]
SRM’s Larry Pruss will speak with NAFCU Services CU Lab to catch up on guidance and regulation trends in the digital assets space – including the latest on enforcement actions and what the federal agencies [...]
I spent all of last week in Arlington with my team and a ballroom full of compliance professionals at our 2023 Regulatory Compliance School. It was a great time, and I want to say a [...]
