Guardians of the culture
Being an HR Executive during the pandemic and the subsequent “great resignation” has been a crazy journey, to say the least. I have learned more about HR law than in any years previous because of [...]
News Archives
The great disconnect: How role confusion and poor prioritization wreak havoc on executive teams and efficiencies
When inflation hits, expense reduction is often at the forefront. CEOs and executive teams may consider reducing headcount or choose not to replace open positions. Leaders may focus on process improvement, cut back on professional [...]
Alterations to late fee safe harbor would have significant impact
The current safe harbor for late fees should remain in place, as any changes would have significant adverse impact on smaller financial institutions and consumers, CUNA wrote to the Consumer Financial Protection Bureau (CFPB) Monday. [...]
Share feedback with the Fed by participating in NAFCU’s annual survey
NAFCU is currently seeking credit union feedback on a variety of key issues, including lending and liquidity conditions, regulatory burdens, and strategic challenges. The association will share results of the survey directly with Federal Reserve [...]
Cards and cryptocurrency: The road ahead
How CUs will play in a cryptocurrency future is unclear but a major topic of conversation these days, reports David Pierce, CIE, CIO of $3.8 billion Canvas CU, Lone Tree, Colorado. “It’s something [...]
Generation Z, financial wellness and the future of payments
Members of Generation Z – the demographic born between 1995 and 2015 – are now beginning to more fully explore financial services for themselves. As they embrace the financial system, Gen Z, like generations before, will begin [...]
What does CECL mean for TDRs?
In this episode, we are joined by Mike Umscheid, CEO of ARCSys. Mike is an expert in everything CECL and will be touching on what CECL means for Troubled Debt Restructuring (TDR). There have been [...]
If you’re not thinking about next-generation board leadership, you should be
It’s no secret. Our credit union boards are changing. We know about the Great Resignation, the ecosystem pushing people to reconsider all aspects of their personal and work lives, including board service. There are [...]
Let’s celebrate!
The Basel Committee’s recent release of its High-level Considerations on Proportionality is cause to celebrate for credit unions. While the Basel III Framework always had proportionality built into the standard, we have often observed [...]
Card not present fraud is skyrocketing
Financial institutions across the country are experiencing the rise of fraud, particularly in the area of card fraud. As touchless payments and online transactions increase, the type of card fraud is switching from primarily card-present [...]
Rise in BIN attacks lead list of fraud worries. Here’s how your credit union can fight back
It’s been a couple of tough years on the financial fraud front. Consider that e-commerce fraud reached $20 billion globally in 2021, representing 14% growth over the prior year. Meanwhile, friendly fraud rose by [...]
Economic justice for all: How SCCCU lives and breathes its WHY
Remarkable Credit Union · Economic Justice for All: How SCCCU Lives and Breathes its WHY Take a look around your community and ask questions. Be humble, be courageous, and take a leap. These are guiding philosophies [...]
Building a great credit union workplace strategy starts from the bottom up
The difference between a great workplace strategy and a bad one can be a matter of perspective – specifically which perspectives are included in the process. Issues often look much different from a 30,000 ft [...]
5 Gen Z myths and 5 things they actually want from FIs
As an iced-coffee-drinking, selfie-taking, house-plant-loving, certified Millennial, I have read countless op-eds and think pieces over the years on what Millennials want, who we are, and what industries we have supposedly killed (my apologies to [...]
Strategic planning in uncertain times
If 2022 was a movie, it would be a sequel along the lines of Jaws 2. The movie poster would read, “Just when you thought it was safe to go back into the normal.” The [...]