In part one of this blog series, we discuss how auto loans are increasingly being paid off early and how this is impacting GAP (Guaranteed Asset Protection) waivers. Increasing voluntary protection product regulation places the [...]
Join Paul Davis, Director of Market Intelligence at Strategic Resource Management (SRM), in a discussion about Buy-Now-Pay-Later (BNPL) products and why exploring options to provide a BNPL product may be right for you and your [...]
For the first time in five years, the financial wellness of Americans declined in 2022. The already fragile state of the nation—where 66 percent of us were considered financially unhealthy in 2021—weakened a [...]
While compliance may be a strategic function rooted in risk management, complying with regulations often comes down to details that vary with each rule. So technological solutions often focus and specialize. Overall Disaster Recovery Compliance [...]
Holiday shopping season is upon us, and it’s shaping up to be a bumpy ride. To counteract challenging economic headwinds, major retailers like Amazon, Target and Walmart have tried to jumpstart the season with [...]
You work for a local, community credit union. A couple of blocks over is Acme Mega Bank, a well-recognized national brand that probably has a monthly marketing budget twice the size of your yearly salary. [...]
With spooky season well underway, there are both tricks and treats everywhere you look. When you think of tricks, you may envision haunted houses or scary movies. Treats abound with visits to pumpkin patches and [...]
It is no secret that credit unions are struggling to close the talent gap like any other industry, however, we believe credit unions are positioned to succeed in the current job market because of the [...]
Most people have heard that a commonly used definition of a recession is two consecutive quarters of negative GDP (Gross Domestic Product) growth. GDP measures the value of all the goods and services produced in [...]
Despite year-to-year growth in overall membership and total assets for the global credit union movement, World Council of Credit Unions’ (WOCCU) 2021 Statistical Report shows major gaps in key product and service offerings have resulted [...]
NAFCU Senior Regulatory Affairs Counsel Aminah Moore wrote to the Federal Housing Finance Agency (FHFA) Friday in response to the agency’s comprehensive review of the Federal Home Loan Bank (FHLB) System as it approaches [...]
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 [...]
Here’s the bad news for you Credit Union folks: You are losing your competitive advantage over banks. Historically, Credit Unions have had advantages over banks in the following areas –– rates and fees, member service, [...]
A key element in accelerating receivables is to make it as easy and convenient as possible for customers, members, or policyholders to pay their bills. Electronic bill presentment and payment (EBPP) solutions like e-bills and [...]
These days, a lot of people’s feel more dread about the winter holidays than enthusiasm. That’s because the winter holidays are expensive, and thanks to inflation, more and more people are beginning to [...]
