Whether you’re in favor or against digital assets, they’re here to stay. While cryptocurrency may be the first thing that comes to mind, that only scratches the surface of how expansive digital assets [...]
The IRS has always treated IRA (and qualified plan) spouse beneficiaries quite generously. But the new RMD rules may make executing certain options more complicated. These two spouse beneficiary changes have drawn the most attention: [...]
“Let’s also say that change is neither good nor bad. It simply is. It can be greeted with terror or joy: a tantrum that says, ‘I want it the way it was!’ or a [...]
A home equity line of credit (HELOC) is a popular way to pay for home improvements, major repairs or other big expenses. More than 1 in 10 U.S. consumers plan to apply for a [...]
Taking out any student loan is a big financial decision. If you’ve exhausted the amount of federal student loans you’re eligible for, you may be considering additional, private loans to bridge the gap. [...]
Marketing lessons are everywhere. Take parenting, for example. My wife’s sister, LeeAnn, and her daughter were in town for a brief visit last week. They stayed with us for a couple of nights. My [...]
In a recent article, I shared a couple of nightmare sales and service experiences. Both of these examples were true stories that the Lodestar team personally experienced. Even though those bad calls left us cringing, [...]
Those outside of the United States may not recognize the quote usually attributed to the baseball player Yogi Berra. Usually, this saying appears in the sports context to articulate the principle that something might happen, [...]
Despite the inventory shortage and rising interest rates, 2022 has been a record-breaking year in auto lending for credit unions. New car loans reached $164.4B in June, up nearly 15 percent from 2021, and [...]
Cybersecurity has been a top concern for businesses for the past year as the number and impact of cyber attacks has increased drastically. According to an article from Business Insider, reports have shown that “63% [...]
For years, many credit unions and other financial institutions shied away from special purpose credit programs (SPCPs). SPCP is a provision within the Equal Credit Opportunity Act (ECOA) and Regulation B that allows lenders to [...]
As more consumers go online to do every kind of business – from securing a personal loan to refinancing their cars – the digital channel has become the battleground for financial institutions seeking an edge over their [...]
CUNA’s election tracking website has been updated to reflect races featuring credit union supporters for the Nov. 8 mid-term elections. The Credit Union Legislative Action Council—CUNA’s federal political action committee—have backed [...]
NAFCU Senior Counsel for Research and Policy Andrew Morris wrote to the NCUA to offer recommendations on the agency’s proposed rule establishing a 72-hour period for credit unions to provide notice of a reportable [...]
Finding potential candidates to serve on the board of directors is an ongoing challenge for many credit unions. Being proactive in your approach will help bring diverse perspectives and fresh voices to your board for [...]
