The divided government in the next Congress presents unique opportunities for credit unions because we’ve spent years building up trust on both sides of the aisle. We represent the chance for bipartisan, pro-consumer compromise [...]
The rising interest rate market means spreads are back—and credit unions, like other financial institutions—will be looking to make loans. However, rising rates also mean the end of the mortgage refi boom of [...]
The Financial Stability Oversight Council on Friday again called on Congress to give the NCUA supervisory powers over credit unions’ third-party service providers. In adopting its annual report, the council said that such providers pose [...]
On December 7, 2022, the Consumer Financial Protection Bureau (CFPB) released a report detailing how few active duty reservists or active duty national guard members take advantage of the Servicemembers Civil Relief Act (SCRA) benefits. [...]
Thank you for tuning in to episode 150 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by Elan Credit Card. Elan partners with [...]
The latest economic and market data show a road to recovery, with slow growth in Quarter 1 through Quarter 2 of 2023. The U.S. economy is poised for a comeback next year, albeit rather [...]
As the year winds to a close, we are caught between reflecting on the blur that has been 2022 and trying to get ahead of 2023. Even though experts are predicting a recession next year, [...]
We all experience moments when we can pinpoint the exact location, feeling, smell, and surrounding when it happened. For early-Boomers, the list might include the Civil Rights Act passage, the assassination of Martin Luther King, [...]
Sekou Andrews, creator of Poetic Voice speaking, will provide the opening Ed (Filene) Talk at 2023 CUNA Governmental Affairs Conference (GAC). The session is sponsored by CUNA Councils. Seamlessly blending inspirational speaking with spoken word [...]
The NCUA Board met for their final meeting of 2022 to discuss the Share Insurance Fund (SIF), the proposed rule related to financial innovation, and the agency’s 2023-2024 budget. Notably, the NCUA unanimously approved [...]
54 credit union leaders from across the United States, Kenya, and the Kingdom of Eswatini were designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s signature Development Education (DE) [...]
While many view the board as the heart of the membership, the supervisory committee is its eyes and years, ensuring the credit union follows its policies and procedures, internal controls, and risk profile. David Reed, [...]
Great innovations don't come along every day. And, usually, these ideas can't be fully realized unless the right conditions are met. Funding needs to be available, key players need to have free time and resources [...]
I am a big proponent of self-reflection as a way to strengthen relationships with my teams. With 2022 coming to a close, I wanted to take some time to reflect on the basics and realign [...]
Without a doubt, the economic story of the past year has been the highest inflation in decades. Not only is it impacting current financial and economic activity, but it is dominating the outlook as well. [...]
