Let a well-worn couch be a core call to action
My wife and I purchased a new living room set after almost 25 years. It looks great and fits nicely in our living room. However, after a week of sitting on the new sofa and [...]
News Archives
What to do if your identity is stolen: Steps to take
Identity theft happens when fraudsters use stolen personal information for their own gain. These thieves may open up new lines of credit, withdraw money from your current accounts or get your tax refund, among a [...]
How credit unions can eliminate greenwashing with data
Across all industries, organizations are responding to consumer and investor concerns about sustainability and emissions standards. In financial services, regulators are even urging institutions to assess climate-related financial risks. In fact, the Office of the [...]
What’s up with this Apple savings account?
This started as a LinkedIn post. However, as I kept adding explanations, it became obvious…this is an article. As an industry, credit unions need to understand what is and isn’t going on with [...]
Coming in 2023: Hybrid annual meetings
Greetings, Compliance folks! The joy of the holiday season is upon us – decorations adorn most buildings, holiday music is playing in stores, and kids (including my own) are eagerly awaiting their presents. This time of [...]
NCUA: More people joining credit unions, but CU numbers dropping
People are still joining credit unions. That’s one of the main takeaways from the NCUA’s Quarterly Credit Union Data Summary for the third quarter of 2022, issued by the agency last week. Between [...]
The CUInsight Network podcast: Fraud protection – NICE Actimize (#47)
Thank you for tuning in to episode 47 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
Beyond competitive rates — 3 innovative ways for credit unions to make housing more affordable
Anyone who has tried to buy or rent housing in the last few years knows all too well that it’s expensive—really expensive. Research has found that housing price increases have outpaced inflation by [...]
Reflections on the future
I am rounding the corner on my professional career. After 43 years of working in the credit union movement, I am getting prepared for a new season. I recently shared with a few colleagues the [...]
To outsource or stay internal: Set your priorities
Credit unions are there for all of life's big moments, from signing the loan for a teen’s first car to depositing that first paycheck. Streamlining their services and developing better connections with businesses and [...]
Capital Corner: Lobbying 101—How you can make a difference
When it comes to influencing policymakers in Washington, DCUC is constantly on the move. Even though much was accomplished in 2022, we’re already looking ahead to next year. And if we are to build [...]
Continued growth in lending, assets, insured shares reported in 3Q
Total loans outstanding in federally insured credit unions increased $235 billion, or 19.2%, over the year ending in the third quarter of 2022, to $1.46 trillion, according to NCUA's latest financial performance data. [...]
Consumer credit ‘higher than forecasted’ in October
Total consumer credit rose 6.9 percent at a seasonally adjusted, annualized rate in October and is up 8.1 percent compared to a year ago. Revolving credit – primarily credit cards – rose 10.4 percent [...]
Six strategies for loan portfolio growth during a recession
Credit unions tend to lend more than banks during times of crisis, as they are driven by their mission of continuing to support their communities. For example, during the pandemic, we saw credit unions do [...]
Seeing is engaging
I’m inside credit unions and community banks a lot. All year long, coast-to-coast, small institutions, large institutions, simple and complex. One common question I’m often asked regardless of the size or complexity of [...]