3 ways to grow every day
Students love this time of year because school's out for summer. For us grownups, school’s out forever. But just because you’re not running late for class anymore, doesn’t mean you can’t [...]
News Archives
The honest truth behind credit union-bank mergers
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 [...]
Why impossible?
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 – advice and insights
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 [...]
Board governance modernization would provide needed flexibility
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 [...]
Inflation was ‘hotter than expected’ says NAFCU Chief Economist
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 [...]
CFO Focus: A heads up about NCUA’s NEV supervisory test
“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 [...]
PODCAST: Making financial education fun
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 [...]
The effectiveness of executive bonus plans
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 [...]
The key metrics that drive payments growth
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 [...]
4 major challenges employers are facing in 2022
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 [...]
House to consider marijuana, NCUA vendor proposals in defense bill
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 [...]
The future of mortgage lending in a fluctuating market
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 [...]
Credit unions must act local, but think global
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 [...]
How to establish a successful financial literacy course
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 [...]