A credit union-focused approach to digital wallets
In light of recent news about the seven big banks behind Zelle teaming up to launch a new digital wallet, many credit unions might be contemplating their role and next steps – if any – in the [...]
News Archives
The intelligence is artificial, but the advantages are real
From restaurants to retail, industries where customer service is an integral part their business continue to deal with major staffing shortages. This includes financial services and financial institutions, and by extension, credit unions. Securing reliable [...]
CUNA calls for extended comment deadline for credit card late fee proposal
CUNA joined other organizations to request at least a 60-day extension of the comment deadline for the Consumer Financial Protection Bureau’s proposal on credit card late fees. The CFPB proposed the rule in February [...]
2023 NAFCU Board nominations now open
Today, NAFCU’s 2023 board election cycle opens with several director positions available. NAFCU's regional board positions reflect the NCUA's regional offices. An email to NAFCU members today will include information on how to access [...]
Building a dynamite digital brand
In the pre-digital transformation era, marketers had about seven seconds to make an impression on consumers. According to a Princeton psychological study, impressions are now made in as little as a tenth of a second, [...]
Embracing diversity and human potential
Condoleezza Rice has met with some of the world’s most powerful people. But the former U.S. Secretary of State believes the country is best “when we lead not just with power, but also [...]
Credit union leaders are optimistic on auto growth, report finds
On the heels of a record-breaking year of auto growth for credit unions, credit union leaders are now evaluating how they can continue to offer the best rates to consumers amidst high inflation, rising rates, [...]
The CUPP | Episode 13: Focus areas for CU leaders with former Navy FCU Vice Admiral Cutler Dawson
Hear former President and CEO of Navy Federal Credit Union, Vice Admiral Cutler Dawson discuss top industry challenges, reflections on how credit unions are managing the current economic environment and working with regulators, and ways [...]
Taking ownership as leaders to avoid credit union merger
Several weeks ago, the country sat down collectively to watch the Super Bowl. During the game, I reflected back on Super Bowl XLIX in 2015 between the Seattle Seahawks and New England Patriots. It was [...]
The check is in the mail – unless it’s been stolen
Last Spring, my wife and I finally made the switch from renting to actually owning our first home. We moved ourselves, our two young children, and our cat into our new home and promptly discovered [...]
5 reasons your credit union should offer hybrid CPI in 2023
Credit unions and their borrowers are facing challenging times. Many households are facing financial difficulties in the face of high inflation, while credit unions are struggling to maintain profitability due to economic uncertainty and rising [...]
The hardest winter for credit unions in wartime Ukraine
The full-scale war launched by Russia against Ukraine nearly a year ago has brought horrific loss, destruction devastation to Ukraine's entire credit unions and the communities they serve. Worldwide Foundation for Credit Unions (WFCU) could [...]
Credit unions & individual enterprise
The financial crisis of 2007-2008 provided credit unions with a golden messaging opportunity as throngs of people soured on “too big to fail” banks and were searching for alternatives. If ever there was a time [...]
Bipartisan Senate bill would exempt veteran business loans from cap
Sens. Mazie Hirono, D-Hawaii, and Dan Sullivan, R-Alaska, introduced legislation Tuesday to exempt credit union loans made to veteran-owned businesses from the member business lending cap. “This bipartisan bill would allow credit unions to get [...]
NAFCU’s Berger meets with NCUA’s Hood on GHGR Fund
NAFCU President and CEO Dan Berger Monday met with NCUA Board Member Rodney Hood to discuss credit union involvement in the Greenhouse Gas Reduction (GHGR) Fund to support projects that reduce greenhouse gas emissions and [...]