The Federal Open Market Committee (FOMC) - the Fed’s monetary-policy setting arm – begins its June meeting today and is expected to discuss several topics of interest to credit unions. Until recently, it was widely [...]
The financial services landscape is in constant motion. Change is expected, but it’s not just about change anymore. It’s the accelerated pace of change that puts credit unions on the defense—scrambling to [...]
The cost of homeowners insurance is rising in response to inflationary pressure, supply chain disruptions, and increased labor and material costs to build a home. In 2022, homeowners spend an average of $1,383 per [...]
Consumer expectations are rapidly changing to reflect the latest technological and cultural shifts, and it is essential for credit unions to meet members where they are today in order to compete for tomorrow. Members are [...]
The House Financial Services Committee on Tuesday will mark up legislation that would place limits on credit union and bank overdraft programs and expand the disclosures that consumers must receive about the programs. “Beginning in [...]
Our country continues to face a difficult economic situation. The cost of living is up, supply chain delays persist, and wages are low. For credit unions, it just makes it that much more important to [...]
Many banks and credit unions have a digital onboarding problem that could be costing them dearly. It’s perhaps the biggest disconnect between consumer expectations and the reality of what is being offered. People have [...]
As Gen Z comes of age and gains immense financial power, their need for financial education is more important than ever. Credit unions are one of the best resources for Gen Z and other younger [...]
It's no secret that strategies and tactics need to be constantly revisited, and nearly every industry must reinvent itself regularly to deal with emerging trends and market shifts. The credit union and banking sector is [...]
Characterized in terms of technicians and engineers, workstations and servers, the idea of outsourcing your basic IT needs is something with which most businesses are familiar. However, there is another concept of IT management that [...]
Just six months ago, BNPL (Buy Now Pay Later) seemed to be on every lip in credit union c-suites as executives eyed the rosy reports of robust lending at fintechs such as Klarna and Affirm [...]
CUNA requested NCUA update its Charitable Donation Accounts (CDA) rule definition of “qualified charity” to allow credit unions to do more to serve worthy organizations. The CDA rule allows federal credit unions to make investments [...]
On a seasonally-adjusted basis, overall consumer prices rose 1 percent in May, with the Bureau of Labor Statistics reporting that the overall consumer price index (CPI) grew by 8.5 percent over the 12-month period. [...]
Some say recession is coming. Others say it’s already here, while still others don’t believe the economy will suffer much in the near-term. No matter what the future brings, financial institutions need to [...]
It’s been over 50 years since federal regulators passed the Fair Housing Act to ban discriminatory lending practices. Despite this, Black and Latino families are routinely denied mortgage loans at rates white families enjoy [...]
