Digital transformation for credit unions was well underway prior to the pandemic. Social distancing, stay-at-home orders, and remote work simply accelerated digital transformation. Previously, digital transformation meant offering digital tools to members, such as online [...]
Founded in 1888 by George Eastman, Kodak was the industry leader of photography throughout the 20th century. While its dominance lasted nearly 100 years, Kodak’s failure to adapt to a changing marketplace has become [...]
The credit union movement was founded on the ‘People helping People’ philosophy. It has been over a hundred years since the incorporation of the first credit union in the US - still, credit unions continue [...]
With the goal of boosting businesses owned by Venezuelan and Ecuadorian entrepreneurs participating in the Economic Inclusion Project (EIP), World Council of Credit Unions (WOCCU) and USAID partnered with Visa to create "Enko"—a free, [...]
NAFCU Regulatory Affairs Counsel James Akin wrote to the Federal Reserve on Monday to offer support for implementation of the Adjustable Interest Rate (LIBOR Act), while noting that the Fed must be aware of “the [...]
All industries are feeling the current shift in the economy, including credit unions. With rising inflation, increased consumer debt and hardships resulting from the pandemic, credit unions are seeing an increase in late charges, overdue [...]
Severe flooding has impacted eastern Kentucky since late July. The damage hit home for the Kentucky Credit Union League (KCUL), as credit union members and communities were impacted directly by the flooding, which destroyed homes [...]
As the summer winds down, the state of the economy weighs on the minds of many. But the news is not all bad as some measures of economic health have shown improvement in recent weeks. [...]
According to research and consulting firm Gartner, teams with high diversity and inclusion show better adaptability, work satisfaction, creativity and loyalty to their company. Diversity is incredibly important to increasing team performance, but diverse teams [...]
CDFIs have submitted applications requesting $32.1 million from the CDFI Small Dollar Loan Program—almost three times the amount of funding available, the Treasury Department announced Friday. Up to $11.1 million is available [...]
NCUA is somewhat ambiguous of what it considers reasonable health insurance and has addressed this issue on a case-by-case basis. Along the way, NCUA has issued several NCUA Legal Opinion Letters that may provide some [...]
Whether I'm traveling or not, I love gadgets. Technology is cool, and I'm not just talking about super expensive pieces of tech. Sometimes the best finds are cheap gadgets that you never knew you needed. [...]
We live in a time in which more generations are working side-by-side in the workplace than at any point in history. From Gen X to Baby Boomers, we’ve all experienced working with individuals from [...]
As the payments landscape evolves, it’s important to understand your customer/member needs when evaluating payment rail choices and settlement speed. However, one rail is not going to fulfill all the needs of all [...]
Dear Leader, I’m your employee. I wanted to have a chat. Just a little moment to share with you some of my thoughts. When I got this position, I was nervous, and I fear [...]
