3 lessons on teamwork from March Madness
This time of year sees spikes it two areas: The number of people who are watching college basketball and the number of scheduled vasectomies (due to the benefit of skipping work to watch March Madness). [...]
News Archives
CUInsight Weekly Minute with Robbie Young – March 18, 2022
Welcome to the CUInsight Minute, sixty seconds from our Associate Publisher Robbie Young with our favorite reads from the week Mentioned: Overcoming paralysis by analysis: How credit unions can embrace fintech partnerships to expand into [...]
5 key insights into the buy now, pay later trend
If you’ve overlooked the growth in buy-now, pay-later (BNPL) because it looks like a simple rebranding of retail lay-a-way, or because you’re comfortable with your member credit portfolio already, you may be missing [...]
Three credit union market perspectives – Q1 2022
Below I break down three key observations we’ve made in our latest Credit Union Market Perspectives Report. Inventory challenges have caused origination decline in the auto market. With fewer new car sales, and captive [...]
Fines for compliance breaches decline in 2021 for financial services but challenges remain
Compliance challenges and associated fines impact credit unions every year, even the most mature ones. That’s why I was surprised when I recently saw a report citing that global financial institution penalties actually declined [...]
CUs support efforts to protect seniors, serve underserved
CUNA strongly supports efforts to help seniors avoid financial exploitation and to encourage responsible decisions regarding financial management, it wrote to the Senate Special Committee on Aging Wednesday. The committee conducted a hearing on building [...]
Powell advances to Senate vote on second term as Fed Chair
The Senate Banking Committee Wednesday approved the nomination of Jerome Powell to serve a second term as Chair of the Federal Reserve (Fed); the nomination was cleared by a 23-1 vote. Powell was reappointed to [...]
Driving financial wellbeing and enhancing member lives through AI
Scienaptic’s presence at CUNA GAC 2022 was hard to miss. The leading AI based credit underwriting platform provider organized an Industry Trends Panel session including Jennifer O Callaghan (SVP, Numerica Credit Union), Pankaj Kulshreshtha ([...]
Podcast: Innovation through collaboration
Credit union service organizations (CUSOs) have elevated the credit union value proposition for nearly 50 years, allowing credit unions to leverage collaboration to foster growth and provide a wider range of services. In this episode [...]
Call report changes and RBC, CCULR
Hello compliance land, this is my first “official” compliance blog since joining NAFCU’s compliance team last week. For the past few years, I have worked on the Regulatory Affairs side and have previously blogged [...]
The death of overdraft fees? Not quite.
The connotation of the word, fee, has always been bad. The same could be said when you add overdraft in front of it. Death to overdraft fees has been a common theme in the news [...]
How assumptions impact your employees’ retirement projections
When you take care of your employees, they often return the favor by displaying loyalty and commitment to your business. A company-sponsored retirement plan shows employees you care about their future and provides a benefit [...]
3 Questions with TransUnion’s Blake Woods
CUInsight Publisher & CEO Lauren Culp is joined by Blake Woods, Senior Advisor, Credit Unions at TransUnion for a quick interview with just 3 questions... Three questions: (0:30) How are credit unions expanding the [...]
7 strategies to manage debt and regain your financial wellbeing
Proper debt management leads to financial security in the future – something we all hope to achieve. In fact, much of our financial success depends on our ability to manage debt, which when properly done, allows [...]
A closer look at credit unions adding select employee groups in 2021
Learn which credit unions added the most select employee groups (SEGs) and potential new members across the past year. Our recent article, which analyzed Credit Unions' 2021 SEG Additions, provided insights into the types of [...]