Banking trade groups this week panned proposed changes to the CDFI program—joining credit union associations in saying the rule would severely harm existing CDFIs. Michael Emancipator, vice president and regulatory counsel at the Independent [...]
Our battle with gas prices has been among the most eye-catching topics since the cost skyrocketed in the first half of 2022, ultimately topping $5.02 per gallon on June 18. In some parts of [...]
Outsourcing. Other than automation, no other word in business probably creates more angst in the minds of employees than those two. Rightfully so, as they are commonly associated with negative outcomes for employees. However, with [...]
We’re operating in a highly polarized political environment and have been for many years. With the 2022 midterm elections behind us and a new Congress gearing up to take over, we’re also operating [...]
Sometimes, excellent market research is, literally, on the other side of the building. Just a few months ago, a West Coast credit union management team gathered to develop a more detailed set of business plans [...]
Vendor management has become increasingly complex for credit unions throughout the years. With the ever-growing number of suppliers in the vendor pool, the increased time and regulatory burdens associated with effective vendor management, nationwide labor [...]
CUNA President/CEO Jim Nussle and Deputy Chief Advocacy Officer Jason Stverak were named among The Hill’s top lobbyists for 2022. Nussle and Stverak were commended for demonstrating, “a track record of success in [...]
Sens. Alex Padilla, D-Calif., and Kevin Cramer, R-N.D., have introduced S. 5183 that would continue Central Liquidity Facility (CLF) enhancements by allowing corporate credit unions to purchase CLF capital stock for a specific subset [...]
The holiday shopping season is upon us, and millions of shoppers will be gravitating toward buy now, pay later, if they haven’t used it already. This comes as no surprise as the rising cost [...]
Ancin Cooley, principal of Synergy Credit Union Consulting, offered attendees several “outside-the-box” job responsibilities during his general session at the 2022 CUNA Supervisory Committee & Internal Audit Conference Tuesday in Las Vegas. Four responsibilities are: [...]
The uncertain economic outlook has been at the forefront of consumers’ minds throughout 2022. Despite monthly interest rate increases to help curb inflation, prices have risen across the board, leaving many consumers concerned about their [...]
After years of throwing the CECL “Message in a Bottle” back into the ocean, the Credit Union industry now must comply and set money aside from every loan in case things go sour. Is this [...]
One of my favorite shows growing up was, believe it or not, Golden Girls. All four women brought different dynamics to the show. Blanche was fun, Sohpia was mischievous, Rose was um…well… from St. [...]
Leaders of House and Senate committees on Tuesday agreed on a FY23 defense authorization bill that does not include several high-priority issues credit union trade groups wanted addressed in the must-pass legislation. For instance, the [...]
I got my first “leadership” title during the second year of my credit union career. I got that opportunity for a few reasons, none of which had to do with leadership skills or acumen. I [...]
