Consumer Credit Market Overview Credit unions and banks across the country are doing their best to interpret conflicting data points of consumer credit health. Across financial services, Q2 saw lenders significantly grow balances in products [...]
Commercial lending is a key service for many credit unions. Commercial real estate is an ever-changing industry that constantly adapts to the world around it. After the COVID-19 pandemic put the world economy in question, [...]
So, your credit union has picked a platform that allows you to deliver web-based content. Out of the box, the infrastructure is there to support your primary needs. The foundational resources, connectivity, APIs, etc. are [...]
The cumulative regulatory burden on credit unions is near an all-time high, though it has slowed recently, CUNA wrote to NCUA Monday. CUNA’s comments were sent in response to NCUA’s annual review of [...]
The Federal Reserve on Monday announced final guidelines for Reserve Banks to use when reviewing requests to access Fed accounts and payment services. The Account Access Guidelines do not establish legal eligibility standards, but instead [...]
Over the last decade, credit unions have been consolidating rapidly. With the resulting increase in total asset size per credit union, the surviving credit unions are becoming more sophisticated organizations out of necessity. According to [...]
It’s August. And that means the National Flood Insurance Program (NFIP) is about to expire. Again. Congress has been unable to pass a long-term reauthorization of the program for years. And so, every year—[...]
Digital strategies are not just for deepening relationships with customers. The digital experience is also a way to refine and improve processes while also building community trust. Today’s guests, Mary Kate Loftus, Executive VP, [...]
CUNA-League 360-degree advocacy is in full effect pushing back against the credit card bill from Sens. Roger Marshall, R-Kan., and Dick Durbin, D-Ill. We followed up last week’s action alert (which has resulted in [...]
Responding to the pandemic forced financial institutions to accelerate years of progress into the span of just a few weeks; now the growing pains and disruption are just beginning. That was one of the key [...]
What would an Apple bank account look like if the Big Tech company were to offer one? That was the question that well-known technology analyst Benedict Evans posed recently on his Twitter account. Apple already [...]
Last month, Senators Dick Durbin, D-Ill., and Roger Marshall, R-Kansas, introduced legislation to expand the “Durbin Amendment,” which was enacted in 2010 as part of the Dodd-Frank Act. This NAFCU-opposed legislation, the Credit Card Competition [...]
Today’s consumers expect communications to be specific to their individual situation. A one-size-fits-all cookie cutter approach is no longer accepted … and as financial institutions, we do not get a pass on this. Members know [...]
Have you heard of Quiet Quitting? A TikTok video with over 2 million views is trending on the subject and it is making some big waves in the hearts and minds of the workforce. Quiet [...]
If you're not feeling very creative right now, here are a few tips to help you get the ideas flowing… Raise your heart rate: A good workout can do as much for your brain as [...]
