Over the past several years, the natural evolution of the banking industry has led to consolidation among many financial institutions. Given the current trajectory of our economy, this is something that likely won’t change [...]
My exposure to hyperbole started early. I was raised by two people that dreamt boldly. The story of my parents’ wedding day could be made into a Cameron Crowe box office hit. It’s a [...]
Financial coaching is a bit mysterious. What is the difference between coaching and counseling? Is financial coaching effective? Is it scalable? Who benefits? So many questions... I have some answers that will be helpful to [...]
The Credit Union Board Modernization Act (H.R. 6889) would free up credit union resources to better serve members, CUNA wrote to bill sponsors Reps. Juan Vargas, D-Calif., and Anthony Gonzalez, R-Ohio, this week. The [...]
On a seasonally-adjusted basis, overall consumer prices rose 1.3 percent in June, with the Bureau of Labor Statistics reporting that the overall consumer price index (CPI) grew by 9 percent year-over-year. NAFCU Chief Economist [...]
“Wait…What? My balance sheet structure really hasn’t changed in the last few months, yet the National Credit Union Administration’s net economic value supervisory test now shows that we went from low/moderate [...]
The key to financial education is engagement. Participants learn best when they can apply information to real-life situations that provide understanding and feedback. That’s especially true in a digital environment that competes with social [...]
While modern and innovative organizations strive to recruit and retain key leadership in a competitive landscape, supplemental retirement benefits—which are above and beyond traditional plans like 401(k)s and IRAs—can be a [...]
As shown in the Co-op CU Growth Outlook research study, conducted in partnership with EY and Filene, payments are key for credit unions to drive revenue and profitability. As fintech upstarts become increasingly competitive, engaging [...]
The remainder of 2022 will be tricky for business owners to navigate. Some of the most significant hurdles employers are facing this year and beyond are: Attracting and retaining top talent Upskilling and reskilling employees [...]
The House agreed on Wednesday to consider proposals to legalize marijuana banking and to give the National Credit Union Administration (NCUA) third-party vendor authority, along with several other amendments that would affect the financial services [...]
Residential real estate lending is a core focus for many financial institutions and has recently peaked in origination volumes over the last five years. And like many industries over the years, it has seen its [...]
Last month, on a plane to India to open our company’s newest office, I had hours to reflect on changes in the credit union industry since my work here began in 2004. The digitization [...]
Establishing and maintaining community relationships is perhaps the most crucial responsibility that credit unions have. Financial services make up most of the day-to-day interactions with clients, but a solid partnership is the foundational piece of [...]
I lost my Dad very suddenly in late August of 2019. I spent a good amount of time in my grief being angry with myself for not calling him more often. I hadn’t talked [...]
