Throughout the first half of 2022, many institutions have seen liquidity tighten due to increased loan demand and slower deposit growth. This has caused depository leaders to look for alternative ways to fund their balance [...]
Total loans outstanding in federally insured credit unions increased $194 billion, or 16.2%, over the year ending in the second quarter of 2022, to $1.39 trillion, according to NCUA's latest financial performance data. [...]
Total vehicle sales fell slightly from 13.3 million annualized units in July to 13.2 million annualized units in August, with monthly sales levels up 0.7 percent year-over-year. NAFCU Chief Economist and Vice [...]
It should come as no surprise that the most popular mobile apps all have similar characteristics: They are simple, easy to use, provide value and—most importantly—they are able to determine what the consumer [...]
A recent survey of borrowers across the USA revealed that only 47% of Gen Z respondents (age 15-24) in the USA claimed to have an account with a traditional bank, neo bank, or credit union. [...]
Not unlike the birthdays, graduations and weddings that can forever play on repeat because you shot them on video, video marketing is vital when it comes to communicating about the important events at your credit [...]
According to CUNA’s 2022 National Voter Poll in January 2022, credit unions’ unique makeup and characteristics offer greater financial resilience and higher levels of financial well-being for members and consumer, overall. According to the [...]
You either offer digital banking or you don’t. At least that’s how your members see it. They want a seamless experience – from opening their accounts to making transactions, managing their money, even applying [...]
Being financially prepared for retirement is a top concern for many Americans. With more people living paycheck-to-paycheck and the cost of living and healthcare costs on the rise, many people struggle with saving for the [...]
You’ve either heard about it from your peers or experienced it first-hand: turnover in credit union board and committee positions is high. How high? Nearly 50% of credit union boards turn over every five [...]
Financial leaders are swimming in a sea of valuable data. But few have translated it into insights to drive adaptive growth strategies and meaningful initiatives that boost member experiences and deepen relationship engagement. For years, [...]
Credit card rewards have become a necessity in today’s competitive environment. Although faced with the same commodity as hundreds of other financial institutions, credit unions already have a unique position in the industry that [...]
When it comes to employee engagement, the direct manager has a vastly higher impact than the CEO. Understanding that the ÇEO sets the direction and overall culture for the credit union, the actual execution and [...]
Low-income credit unions can get valuable advice on applying for Community Development Revolving Loan Fund grants and loans during a Sept. 14 webinar. Online registration for this webinar, “How to Get a Winning Grant/Loan,” [...]
The Bureau of Labor Statistics issued the August Jobs Report on Friday, which revealed that the unemployment rate rose slightly to 3.7 percent in August. NAFCU Chief Economist and Vice President of Research Curt [...]
