Teaching your kids how to be financially independent will help smooth the transition into adulthood. It will also give them what they need to stay financially stable throughout life. Here are some tips for raising [...]
Marketing touches everything. Loans. Deposits. Branches. Digital. Strategy. Growth. Consumers. Businesses. You name anything in your credit union or community bank, and marketing is involved. Marketing is so important, successful financial institutions monitor it on [...]
A friend’s stepdad said spaghetti would stick to the wall when it was done cooking. And it did! So sticky spaghetti equals “done.” (She has a picture of a long strand of pasta stuck [...]
Unlike any generation before them, Gen Zers began thinking about building wealth and wealth management very early in life. Many have multiple financial assets, including brokerage accounts, businesses they may own, and even some investments [...]
Happy Monday, compliance friends! Today we’re going to talk about the National Credit Union Administration’s (NCUA) proposed rule regarding chartering and field of membership (FOM) regulations. Specifically, the portion dealing with the eligibility [...]
Thank you for tuning in to episode 155 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by Allied Solutions. Allied Solutions is focused [...]
What will regulators and examiners pay the most attention to in 2023? How can we prepare for regulatory change? We’ve answered four of the most common questions we’re hearing from credit unions. What [...]
What a privilege it was to attend my second Foundation Dinner in February—the primary fundraising event for the National Credit Union Foundation. As ever, the dinner (held annually in conjunction with CUNA’s GAC) [...]
Before I upset anyone, let me be clear. Delegation is vitally important. But remember the powerful words of Admiral Grace Hopper: “Management is about things. Leadership is about people.” Delegation is a management task. And [...]
In October 2022, the Federal Reserve issued a final ruling on Regulation II (Durbin Amendment), which requires two unaffiliated networks on a debit card and sets a cap on debit interchange rates. In this ruling, [...]
The CFPB Thursday released a report on the financial profiles of consumers who use Buy Now, Pay Later (BNPL) programs. The bureau found that these borrowers often exhibit higher measures of financial distress compared to [...]
At VyStar Credit Union, we are committed to being a reflection of the communities we serve. In pursuit of that goal, we have focused on initiatives that create a strong sense of belonging for individuals [...]
One of my favorite things about the credit union industry is how collaborative it can be. I regularly hear stories of CEOs reaching out to ask business development questions, we see ongoing conversations via our [...]
You remember what it was like to buy your first house. The excitement and nerves that went along with such a big purchase. And the memories you created that turned your house into a home. [...]
Established banks and insurance companies have been around a long time, and many are working with legacy systems, or outdated computer hardware or software technologies, that were introduced more than half a century ago. When [...]
