Comments on several regulatory items of interest to credit unions are due in the coming weeks including on NCUA’s draft 2023-24 budget, due Oct. 28. The proposed combined 2023 staff draft budget is $367.[...]
While Members of Congress are back home in their districts, NAFCU is encouraging credit unions to request their local lawmakers support the Secure and Fair Enforcement (SAFE) Banking Act. In July, the House included the [...]
In 2020, the World Council of Credit Unions included key demographics in its annual Statistical Report. The survey revealed that the average age of a CU member is 53 years old, and most membership demographics [...]
Is your newsfeed oversaturated with fraud stories lately? This year was a frenzy of fraud with bold criminals who aggressively construct a risk landscape reflective of the technology-forward mindset of today. Digital fraud losses are [...]
ISO 20022 is a globally accepted messaging standardization approach (methodology, process, repository) to be used by all financial standards initiatives as a common platform for the development of messages. It was introduced in 2005 by [...]
Greetings, Compliance folks! Fall is in full swing - I recently took a trip to upstate New York for a family function and was delighted to see the gorgeous fall foliage in the mountains. We [...]
Having employed “mystery shoppers” in an investigation, the National Community Reinvestment Coalition reported Tuesday that racial bias continues to plague the home appraisal industry. Using inter-racial couples in the Baltimore, MD area, the NCRC hired [...]
Messaging via Slack on how to gain and maintain engagement from both our teams and members, one account manager typed, “The credit unions that do well and hit their goals are having regular staff meetings [...]
Speaking military is what The Defense Credit Union Council (DCUC) does best. We pride ourselves in offering our expertise as an available resource for all credit unions, whether operating on or off military installations. The [...]
A friend of mine was on his way to Las Vegas when he realized his debit card had stopped working. He couldn’t use it for purchases or in an ATM. His credit union could [...]
In 2019, I left my job as the President/CEO of the Credit Union League of Connecticut to start Humanidei. People thought it was a bold move. Friends in the credit union space had many [...]
I was in a group session with my business coach. I was listening to him give advice to one of his students. I could see her pushing back on his advice ... hard. He was getting [...]
More than 17,000 gallons of diesel fuel is being distributed to credit union member farmers in Ukraine free of charge, as part of Worldwide Foundation for Credit Unions (WFCU) ongoing relief activities there. Fuel [...]
NCUA Board Member Rodney Hood met with NAFCU Senior Vice President of Government Affairs Greg Mesack, Vice President of Regulatory Affairs Ann Petros, and Senior Regulatory Affairs Counsel Aminah Moore Tuesday to discuss several topics [...]
On Sept. 27, under mandatory evacuation orders due to the impending Hurricane Ian, Trellance shut down our Tampa offices and redeployed to safer locations. We were concerned for our employees, our physical offices and the [...]
