During its markup yesterday, the House Financial Services Committee passed by voice vote the NAFCU-backed H.R. 6889, the Credit Union Board Modernization Act, which would amend Federal Credit Union Act language that currently requires [...]
The House on Tuesday passed legislation that would require banking agencies, including the National Credit Union Administration, to investigate the challenges facing groups that want to start a credit union or bank. The House passed [...]
Welcome to the CUInsight Minute, sixty seconds from our Director of Learning & Client Support Linda Lafortune with our favorite reads from this week. Mentioned: Gain competitive advantage with the cloud by CHRIS SACHSE, THINK|[...]
The current economic conditions across the country have magnified the personal challenges and life stresses felt by credit union members. Interest rates are up; loan payments are up; fuel and food prices are up; unemployment [...]
On February 22, 2022, the National Credit Union Administration (NCUA) issued Letter to Credit Unions 22-CU-03 to advise federally insured credit unions about special purpose credit programs (SPCPs). SPCPs are credit assistance programs for economically [...]
Obtaining members is essential, retaining members is critical. Current research uncovered that “emotionally connected” customers (of banks) and members (of credit unions) provided six times the lifetime financial value over a “satisfied” customer or member. [...]
CUNA Senior Economist Dawit Kebede issued the following statement following the Federal Reserve meeting today: “The Federal Reserve Open Market Committee (FOMC) increased the federal funds rate by 75 basis points, in line with consensus [...]
Senators Dick Durbin, D-Ill., and Roger Marshall, R-Kansas, are expected to introduce legislation as soon as today in an effort to expand the “Durbin Amendment,” which was enacted in 2010 as part of the Dodd-Frank [...]
Does this story sound familiar? Your organization invested in a customer relationship management software and rolled it out to the entire organization. While marketing is leveraging it to manage campaigns, your member service reps and [...]
After two and a half years of navigating disruptions to the economy following the onset of the COVID-19 pandemic, experiencing historic highs and lows in the labor market, and dealing with a global supply chain [...]
Credit unions and banks would be prohibited from discriminating against people based on race, color, religion, national origin, sex, gender identity, or sexual orientation, under a bill introduced in the Senate by Banking Chairman Sherrod [...]
The global supply chain has seen massive changes over the years. Advancements in technology changed business operations with respect to logistics and supply chain management including distribution, inventory management, and data collection. From rudimentary preindustrial [...]
Compliance is a lot to manage. With near-constant regulatory change on top of a mountain of existing compliance responsibilities, the only way to get it all done is to make sure you’re focusing your [...]
People helping people. Those are big words, meaningful words. They carry weight. Do your credit union’s brand actions align with that mantra? Do they align with whatever other promises your make in your mission, [...]
As gas prices soar to record highs this summer, the automotive industry is getting a power surge from hybrid and electric vehicles (HEVs). Consumers seem to be getting on board with the federal government’s [...]
