NCUA trying to simplify CECL calculations
CECL. It’s a four-letter word that fills credit union officials with dread. It’s an accounting standard that few people understand that was issued by an accounting board nobody ever heard of. And like [...]
News Archives
Financial futures: Unlock the full potential of your workforce with robotic process automation
Simply the mention of automation is enough to strike fear into the heart of a workforce. But while the sci-fi movies would have us believe that the machines are here to replace us, they’re [...]
Credit unions can simplify life insurance to shrink the need gap
The gap between those who say they need life insurance and those who say they have it is growing. In fact, it’s more than doubled since 2011.1 There are two factors at play. [...]
Branch design still matters in a remote world
The coronavirus pandemic hindered economic growth across broad industries. However, some sectors — from real estate to groceries to banking — underwent a digital transformation that bolstered services and helped streamline advanced consumer control. Today, about two-thirds [...]
International credit union development: Working with credit unions in Liberia changed me forever
I had the opportunity to serve the struggling credit union movement in Liberia, Africa, as part of the USAID/ACDI/VOCA Farmer to Farmer program. The U.S. government-funded Liberian Agricultural Upgrading, Nutrition and Child [...]
5 credit union champions win primaries Tuesday
Five credit union-friendly candidates won their primary races in Delaware, New Hampshire and Rhode Island Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 333 credit union proponents this cycle with a [...]
Members of Congress talk CU policies at NAFCU Caucus
Two pro-credit union lawmakers yesterday joined NAFCU during the 2022 Congressional Caucus. Representatives Ed Perlmutter, D-Colo., and Tom Emmer, R-Minn., both recent awardees of the NAFCU Credit Union Champion awards, spoke on the future of [...]
NextGen Know-How: Everyone has a story
The past month has been challenging for my family. My nine-year-old son has been sick since early August, and we have been visiting many doctors. He has had several medical procedures to determine what is [...]
How credit unions can capture the opportunity in auto refinance
Recent trends in the auto lending market have unlocked a unique opportunity for credit unions to help both existing and new members save money on their car loans, especially during periods of financial uncertainty. Due [...]
Navigating loan growth in turbulent times
The uncertainty in our current economic environment has caused some lenders to tighten their approach to credit and pull back from some lending activities. However, I believe that this is a moment when AI can [...]
Leaders in Lending | Ep. 75: Blockchain Banking: Another Avenue for Lending Markets
The world of finance and lending has recently begun to experience the innovations of the digital world that have been widely felt across other sectors. However, while global industries have been greatly influenced over the [...]
Credit unions awarded $1.5m+ in CDRLF grants
The success of infusing financial inclusion and health opportunities into the United States’ low-income designated credit unions continue with the announcement of the NCUA’s Community Development Loan Fund grants! The beginning of September 2022 [...]
Mortgage servicing transfer notices
Hello everyone! My name is Tara Simpson, and I hail from the great state of Michigan. I am a new Regulatory Compliance Counsel at NAFCU, and I’m excited to bring to you my first [...]
NCUA audit: MDI program effective, but lacks recertification review
The NCUA does a good job of nurturing Minority Depository Institutions (MDIs) but fails to ensure that those institutions continue to meet MDI requirements, the agency’s Inspector General said, in a report released Monday. “[...]
To the experience age, and beyond: Gratifying members in a digitally dominated world
We live in a very fast and digitally dominated world - welcome to the Experience Age. The faster and easier we can get anything, the faster and easier we want EVERYTHING. Missed your favorite show [...]