The hidden costs when employees leave
It’s always tough when you have to replace an employee. Losing a knowledgeable member of your staff is harmful enough. But what about the other ways it affects your business? Here are some of [...]
News Archives
Should you do strategic planning during a core conversion?
Do the words “core conversion” send a shiver down your spine? You’re not alone. The number of core conversions happening at credit unions of all sizes has increased significantly as our industry tackles fintech [...]
Modernizing your approach to offering vehicle protection products
We’ve all been there. The phone rings from an unlisted number. It’s not a number you know, but maybe it’s your new dentist calling to confirm an appointment. With hesitation, you answer. [...]
The metaverse and payments: 5 new developments
In 2009, Bruce Willis starred in a movie called Surrogates, featuring a futuristic world where humans interacted through surrogate robots. At the time, the thought of living a life by proxy seemed otherworldly. However, if [...]
Advancing Communities stories highlight financial well-being for all
CUNA continues its call for credit unions to submit their stories to the Advancing Communities website, especially during April’s National Credit Union Youth Month and Financial Literacy Month. Many credit unions have done so [...]
Home sales totals expected to trend flat in 2022 due to higher rates, inventory shortages
Existing home sales fell 2.7 percent in March to a seasonally adjusted annual rate of 5.77 million annualized units, representing a 4 percent decrease in sales compared to last year. NAFCU Chief Economist [...]
Inside Marketing: The complete video marketing checklist
Are you missing something in your video marketing strategy? You may be creating marketing videos constantly, sharing them on all of your social media channels regularly and even adding them to your homepage. But still, [...]
Financial well-being elevates SEG relationships
In the past, credit unions could expect to enroll workers from select employee groups (SEGs), provide better rates on loans and deposits, and offer “share draft” accounts. The relationship was straightforward, with the emphasis on [...]
3 signs of a fraudulent check you absolutely must know
One of the most popular types of fraud among scammers in recent months is check fraud. It’s not hard to see why, either. Advancements in technology have made creating checks almost absurdly easy, and [...]
5 tips for boosting employee retention during a tight labor market
Chances are, your organization is currently looking to fill open positions—but we all know that work doesn’t stop coming in just because you don’t have the employees needed to handle it. As [...]
CFPB: Rural areas are becoming banking deserts
Bank and credit union consolidation is hitting rural areas particularly hard, leaving residents without the simple financial services they have become accustomed to, the Consumer Financial Protection Bureau (CFPB) said in a report Tuesday. A [...]
States take action to make financial literacy a priority for students
In late October of last year, Ohio Governor Mike DeWine signed a bill into law mandating that all high schoolers in the state take a half-credit, standalone personal finance class prior to graduation. Upon the [...]
First mortgage portfolio niche lending: Current trends and opportunities
Are you making the absolute most of your ability to portfolio lend? We have already seen a dramatic increase in mortgage rates from the historic lows of the past few years. If rates continue to [...]
Meeting members’ digital needs and expectations
While the payments industry and consumer preferences continue to evolve, one trend has remained consistent: Consumers not only want, but expect, innovative digital offerings and solutions from their trusted financial partners. In fact, according to [...]
4 ROIs from public relations
Most credit unions and their business partners have a marketing person of some level, but very few have someone specifically handling public relations. Typically, it’s lumped in with the duties of the marketing person, [...]