Even as the legal cannabis market continues to expand and state-level legalization continues to advance, many credit unions are hesitant to develop cannabis banking programs because of the associated risks and compliance requirements. But with [...]
“We know who gets hurt in economic downturns. It's the same members that got hurt last time. Shame on us as credit unions if we march into another financial downturn and let the same communities [...]
Throughout my professional career, I’ve had many experiences with a variety of people. Some were nice, and some not so nice. Most were honest, but a few were snakes. I’ve learned countless lessons [...]
The Consumer Financial Protection Bureau (CFPB) is accepting applications to its Credit Union Advisory Council and other advisory committees starting Tuesday, July 5. In addition to the CUAC, the CFPB coordinated with its Consumer Advisory [...]
The NCUA Thursday announced a technical change to the way multiple common bond federal credit unions (FCUs) designate geographic boundaries when applying to serve an underserved area. Effective immediately, those submitting underserved area applications can [...]
Hitting a home run requires a lot more than luck. For a baseball team, hitting it out of the park means honing strategy and regular practice. For credit union lenders, getting a homer means fine-tuning [...]
There’s a long history of trade in both goods and currency alike, but these exchanges have taken on many forms over time. The invention of currency allowed people to trade goods and services without [...]
What’s shipping, you ask? As a financial services blogger and Millennial who’s desperately trying to keep up with the Youths on social media, I spend a fair amount of time on sites like [...]
I recently had the opportunity to sit down with Don Arkell, owner of CU Lending Advice. Don is one of the leading consultants in credit union lending. Don regularly helps credit unions all across the [...]
As leaders, we frequently face problems that approach suddenly and unexpectedly. In my time over the years, I’ve learned to expect the unexpected, and to always have a plan ready for any potential problem [...]
It was only a matter of time before the business community got fed up with Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra. After all, he has been notably aggressive in his policing of the [...]
Welcome to the CUInsight Minute, sixty seconds from our Community and Marketing Coordinator Alyssa Angurio with our favorite reads from the week. Mentioned: One growth strategy your credit union marketing is missing by BO MCDONALD, [...]
What's that smell? Something stinks! Oh ... it's the price of gas. I live in SC and I'll admit we haven't had it quite as bad as some other states, but it's still a drag. In [...]
Many credit unions find that a formal Primary Financial Institution (PFI) definition is an effective way to measure their most engaged, relevant, loyal, profitable, and “sticky” households (HHs). Whether formally defined or informally outlined, the [...]
IT must be nimble, resilient, and scalable. This is true now, more so than ever. As a result, we need to change the way we think about how we design IT systems and think more [...]
