Total consumer credit rose 11.3 percent, at a seasonally adjusted, annualized rate, in February and is up 6.5 percent compared to a year ago. Non-revolving credit, such as auto and education loans rose [...]
Are you struggling with any of the following challenges? A high number of anticipated retirements over the next several years on your management team or board of directors Unexpected turnover of experienced managers Difficulty finding [...]
The way home appraisals and valuation services are conducted is changing. The introduction and wide acceptance of desktop and hybrid appraisals during the COVID-19 pandemic have led GSEs Fannie and Freddie to update and standardize [...]
Boxers or briefs? Doesn’t matter; it’s not exactly on the strategic plan for credit unions. What does matter is that during a recent stay at the Hay-Adams for my annual pilgrimage to GAC [...]
Sharply higher inflation has brought the prospect of much higher, and fast-rising interest rates. Financial institutions will find that they must sometimes pay up for deposits they already have in order simply to retain key [...]
The Internet of Things (IoT) is essentially a network of devices that are interconnected to function as a larger unit. At home, you might have your alarm clock trigger your toaster to prepare a piece [...]
Most business leaders know the importance of their people. Statements like “Our people are our most important asset,” “Culture eats strategy for breakfast,” or “Our people make the difference,” allude to senior management’s understanding [...]
Thank you for tuning in to episode 132 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by Allied Solutions. Allied Solutions is focused [...]
The CECL implementation deadline for credit unions is quickly approaching. Most have already begun compiling historical data, reviewing the different models for estimating their CECL reserve and discussing how the transition will impact their 2023 [...]
“Hurry up and wait” is a phrase many U.S. military members are familiar with. It is the notion to expeditiously complete a specific task or be at a specific location only to stop and [...]
When we talk about time management, the truth of the matter is that we all have the same number of hours in the day and yet some of us finish mountains of work and projects [...]
Through pandemic interruptions of daily activities and the resulting threat to livelihoods, 132 Upstate women entrepreneurs—92 of them women of color—have kept their small businesses moving forward thanks to Small Business Administration (SBA) [...]
Representative Alex Mooney, R-W. Va., Wednesday introduced H.R. 7412, the Transparency in Consumer Financial Protection Bureau (CFPB) Cost-Benefit Analysis Act, which would require the CFPB to employ a more rigorous cost-benefit analysis to better [...]
Members at Amplify Credit Union no longer have to worry about incurring any fees on their accounts. The $1.2 billion asset credit union in Austin, Texas, switched to a fee-free model in February that [...]
Have you had members declare bankruptcy recently? Is your first thought when you see Chapter 7 or Chapter 13: “why are my members doing book reports instead of paying back the credit union?” Well, this [...]
