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 [...]
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 [...]
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 [...]
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, [...]
There are still a few key blunders we are seeing with credit union websites, and here are a few you MUST avoid! Website Mistake #1: Believing that New Websites Don’t Need Regular Updating Honestly, [...]
CUNA Credit Union Board Roundtable, Sept. 10-11 in Scottsdale, Ariz., provides an engaged, interactive environment for board members to connect with peers, speakers and industry leaders from across the country. “The ability to collaborate with [...]
The International Monetary Fund Tuesday released its latest assessment of the world economy, suggesting the global economic outlook has "worsened significantly" since January – largely due to Russia's invasion of Ukraine. In addition, higher inflation leading [...]
Let’s be blunt, talking cannabis business and banking is still often perceived as taboo by many but it should be far from off limits when considering risk amongst financial institutions. Part of the uncertainty [...]
Quontic Bank is a small New York City digital-first institution that likes to innovate. In fact, its tagline is “The Adaptive Digital Bank” and it was a crypto pioneer in offering Bitcoin rewards on its [...]
“Mergers.” They can sound cold, and there’s a tendency to treat credit union mergers like business deals without any deeper meaning to them. But what if I told you it didn’t have to [...]
Changes announced by the Department of Education Tuesday will help millions more borrowers become eligible for student loan forgiveness under income-driven repayment plans. The Education Department said it will conduct a one-time revision of payment [...]
One day soon, credit union officials may be in for an unwelcome surprise when they open their newspaper or sign on to a local news website. They may find an attack on their credit union. [...]
A few weeks ago, the Consumer Financial Protection Bureau (CFPB) published a report reviewing the trends in credit card late fees over the last few years. CFPB Director Chopra says, “many credit card issuers have [...]
For most credit unions, the global pandemic led to unprecedented deposit growth and a sharp decline in branch traffic due to changing member behavior. Water and Power Community Credit Union (WPCCU) in Los Angeles, California, [...]
Texting isn’t a new communication channel—it’s been around for several decades. Yet most businesses—including banks and credit unions—aren’t utilizing it to its full potential. Read on to learn three [...]
