Vote now: 2023 #CUHero of the Year
Voting is now open for Credit Union Magazine's 2023 Credit Union Hero of the Year. The four finalists are: Amanda Merz, community impact manager at $4.6 billion asset SAFE Credit Union, Folsom, Calif. Michael [...]
News Archives
2022: Cannabis in review
From state ballot initiatives and presidential pardons to federal legislation both passed and pending, 2022 was a busy year for the cannabis industry. With 2023 projecting to be just as challenging for the industry, it’[...]
Three growth tips for 2023
I recently wrote a post about “Three Marketing Tips For 2023.” It gives several ideas about strategy and tactics you can immediately implement to improve the all-too-critical area of marketing. But growing your credit union [...]
How Wells Fargo’s innovation process rebooted digital business banking
Innovation in commercial banking often lags the retail banking side, where product improvements roll out more frequently. But as Wells Fargo’s Reetika Grewal sees it, the development process for both should be similar. Whether [...]
FinCEN flexes new power in Bitzlato order
Are you a fan of superhero movies? Do you enjoy watching the big-budget (and lets be honest, mostly CGI) triumph of good over evil? I do. My wife and I watched Iron Man on our [...]
3 financial trends credit unions should be aware of in 2023
2023 began on an already shifting financial landscape, with rates higher than they’ve been in decades and talk of a potential recession. As the 2023 financial trends begin to emerge, credit unions need to [...]
Members need your support. Are you up to the task?
The beginning of a new year is a time of renewal. It’s also when many of the holiday bills arrive. A few weeks of overspending can create financial stress and pressure for months. One [...]
Building a lasting legacy of innovation for your credit union
I’m proud to have been part of so many years of innovation with our organization. As I look back on more than a decade of leadership, I often remind myself of our credit union’[...]
Best-selling author, futurist Peter Diamandis to take the stage at CUNA GAC
Peter Diamandis, founder and executive chairman of XPRIZE Foundation and executive chairman of Singularity University, will speak on Monday, Feb. 27, at 2023 CUNA Governmental Affairs Conference (GAC). The session is sponsored by Open Lending. [...]
FOMC expected to slow down pace of rate hikes
The Federal Open Market Committee (FOMC) – the Fed’s monetary-policy setting arm – begins its first meeting of 2023 today and is expected to raise rates another 25 basis points. During the previous FOMC meeting, the [...]
Does your board ask amazing questions?
“Why are you a credit union director?” Ancin Cooley, principal of Synergy Credit Union Consulting Inc., began his breakout session, “Amazing Boards Ask Great Questions” with this seemingly simple query at Directors Conference in December. [...]
Make a sizzle reel that spices things up
Videos are today’s most wonderful marketing tool…as long as they’re exciting. And some of the most exciting videos out there are sizzle reels. What’s a sizzle reel? It’s a short [...]
What is a credit score?
Your credit score is a three-digit number meant to reflect the risk you could pose to a lender when you borrow money. It offers a quick glance at your credit health and history of paying [...]
The risks and rewards of biometric data
The collection of biometric information is becoming more prevalent in the credit union industry and in fintech as a whole. Consumers cannot easily change biometric information about themselves; therefore, theft of biometric information is among [...]
Where are bank-fintech relationships headed?
Fintechs and traditional financial institutions have had an odd relationship over the past decade or so. Many fintechs started out declaring their intent to replace banks, then morphed into vendors eager to offer their tech [...]