Holiday trends in 2022 favor in-person experiences and budget-conscious gifting as people search for solutions to help them navigate fraud concerns, limited budgets, and travel complications. Prepaid cards, with their flexibility and varied uses, can [...]
LoanStreet’s capital markets desk manages the pool-building, pricing and execution for billions of dollars of loan participations each year. Over the last several months, the desk has received a number of comments from credit [...]
Credit unions are willing to make smaller balance loans that are less profitable compared to other financial institutions, CUNA wrote to the Department of Housing and Urban Development (HUD) Monday. HUD issued a Request for [...]
Financial services (FS) organizations of all types, including wealth management firms, insurance firms, credit unions and banks are adopting technologies to stay ahead of the game under economic uncertainty. Customer experience and streamlined internal process [...]
Total vehicle sales fell slightly from 15.1 million annualized units in October to 14.1 million annualized units in November, with monthly sales levels up 7.9 percent year-over-year. NAFCU Chief Economist and Vice [...]
It’s been almost a year since our country experienced a record-high number of job openings, with an estimated 11.4 million in December 2021, according to the U.S. Bureau of Labor Statistics. Now, [...]
Credit union supervisory committees operate within an increasingly complex environment as financial services continue to evolve, says Michael Daigneault, CEO/co-founder at Quantum Governance. During the 2022 CUNA Supervisory and Audit Committee Conference, he offered [...]
As the year wraps up, it’s natural to think about your goals — professionally, personally, and financially. It’s something that you and your household will want to assess and talk about openly and honestly. [...]
A proposed NCUA rule designed to make it easier for credit unions to expel members is still far too complicated, credit union trade groups told the agency late last week. In March, Congress passed the [...]
Designing the “seamless” digital experience that financial consumers expect ironically requires a lot of attention to seams. Behind today’s smooth, enjoyable and secure transactions are thousands of threads of code, protocols and definitions, all [...]
Businesses that have survived the pandemic are now facing inflation at a 40-year high and a potential recession. More small business owners are turning to loans for working capital to cover rising operating costs, purchase [...]
Your credit union needs results. You need to accomplish your strategic initiatives. You need to increase loan volume. And most of all, you need to grow. But the truth is, you’re not going to [...]
The Treasury’s Community Development Financial Institutions (CDFI) Fund’s proposed certification application contains multiple provisions that would inappropriately exclude credit unions doing good work, CUNA wrote to the CDFI Fund Monday. “CUNA broadly supports [...]
In the past, we’ve seen how technology has changed traditional distribution channels. This change increased significantly during the pandemic when members were forced to use digital channels for nearly everything in their lives. This [...]
“Blindly following the maxim that good managers should keep close to their customers can sometimes be a fatal mistake.” That quote came from a book I read recently, “The Innovator's Dilemma,” by Clayton Christensen. Christensen [...]
