The Federal Reserve’s January senior loan officer opinion survey (SLOOS) on bank lending practices showed demand for loans weakened across the board with banks reporting tightening standards during the fourth quarter of 2022. The [...]
For years, corporate wellness programs focused on the bottom line of reducing healthcare expenses: health screenings, exercise programs and programs that targeted dangerous behaviors like smoking and drinking. That focus paid off. Traditional wellness programs [...]
What’s a “junk fee”? Simply put, it’s any charge beyond what you’ve agreed or expected to pay for a product or service. For a credit card, it can be a late fee. [...]
Regularly scheduled long-term planning is the best path to success for your credit union or community bank. Not only that – it’s essential to the future success of your community. As Warren Buffet said, “Someone [...]
Having a reliable vehicle to get to work or school is an essential need for many, and credit unions help consumers at all levels of credit get affordable auto loans. Our first ever Credit Union [...]
The Battle for Deposits is underway, and savvy credit unions are poised to grow and better meet the needs of their members. Key Takeaways: [01:28] An overview of the current macro environment. [02:55] [...]
“Lehman’s” Terms is an ongoing blog series reviewing the basics of data management and technology systems to provide an introduction or definition to those who may be new to some of the concepts covered. [...]
For decades (over a century, some could argue), credit unions as a collective always (at least in their own minds) answered the following question in a resoundingly similar way: “Well, at least our __________ is still [...]
While the inflation rate declined in 2022 from 9.1% in June to 6.5% in December, it still remains more than triple the Fed’s goal of 2% (Trading Economics). Many Americans are still [...]
Hello my fellow Baby Boomers, Gen X’ers and Millennials! I’m sure you all are aware of Gen Z but did you know there’s another Generation right behind them ... Generation Alpha! That’s [...]
The Cybersecurity and Infrastructure Security Agency (CISA), National Security Agency (NSA), and Multi-State Information Sharing and Analysis Center (MS-ISAC) released a joint Cybersecurity Advisory (CSA) to warn network defenders about malicious use of legitimate remote [...]
NAFCU Vice President of Legislative Affairs Brad Thaler sent a message to lawmakers on Capitol Hill Friday to “set the record straight on credit unions and the credit union difference” after a banking group made [...]
I’ve been thinking about diversity, equity and inclusion—and believing in it passionately—since before DEI came to the forefront of conversations in business. One of the reasons I love working in the credit [...]
Significant changes in how banks and credit unions conceive, design and promote consumer banking products are starting to develop, according to Accenture. As this trend solidifies, more banking institutions will craft packages of products and [...]
Jim McKelvey is an entrepreneur, glassblowing artist, author, and philanthropist. But above all, he’s a problem solver. Have you paid with a credit card lately? Then there’s a good chance you’ve run [...]
