A storm is coming
Climate change is a serious issue and many of us want to do our part to address it. Credit unions want to prepare themselves to be resilient to the physical and transitional risks. With improved [...]
News Archives
The basics of a core conversion
After months of demos, asking questions and reviewing different systems, your credit union has finally decided on a new core! Congratulations! Now the “real” work begins. A. Manage the Data If your credit union hasn’[...]
Further lessons in financial responsibility from Schitt’$ Creek
“You must prepare for life, and whatever it will throw at you.” – Moira Rose When the Rose family lost their wealth and grand estate, they were turned out into the cruel world of the working [...]
Terminating or freezing open-end credit
Do you have 99 problems and an open-end credit account is one of them? We have previously blogged about limitation of services, but what happens when you want to terminate or freeze open-end credit accounts? [...]
Four smart strategies for maximizing debit interchange revenue
Credit unions have a limitless need for non-interest income (NII). Often more stable and predictable than its interest-based counterpart, NII can be a reliable port during even the most turbulent of economic storms. Having just [...]
3 ways to stay ahead of retail banking challenges in 2022
The banking industry has experienced a dramatic shift in the last few years. New priorities for mobile banking, real-time connection for financial advice, and even a completely digital, paperless banking experience (with no physical branch [...]
Is acquisition really an effective growth strategy?
Growth within the credit union industry in recent years has been extraordinary. At the end of 2021, combined credit union assets were estimated at just under $2 trillion. Along with this growth in assets has [...]
The jack of all trades marketing team
Credit union marketing professionals are often a team of one (or very few) who quickly become jack of all trades and unfortunately miss the opportunity to become masters of marketing. To help avoid this, I’[...]
Fintech investment: Many roads lead to a coveted destination
The days when fintechs and credit unions were viewed as mortal enemies are clearly behind us. Throughout most of the 2010s, this supposed pitched battle for members’ hearts and minds was a popular storyline, portraying [...]
This week: Congress heads home, NAFCU continues bold advocacy strategy
Senate and House lawmakers are in their home states and districts this week after sending President Joe Biden a continuing resolution to fund the government on Thursday. The President signed the legislation ahead of the [...]
Lending Perspectives: ‘Geeks’ wanted
If your team members obsess over these four key factors, they’ll help drive your credit union’s future. As the self-professed lending geek at Ent Credit Union, I know there are many reasons why [...]
Memorable White House moments
Thomas “Mack” McLarty, III and Reince Priebus can both vividly recall the moment they realized their careers had taken on a new level of meaning. Both men served as White House Chief of Staff—McLarty [...]
Home prices skyrocketed last year. Two regions saw the biggest increases
Home prices rose 18.8% in 2021, according to the S&P CoreLogic Case-Shiller US National Home Price Index, the biggest increase in 34 years of data and substantially ahead of 2020's 10.4% gain. [...]
A credit union industry limiting overdraft fees is here, if we want it
It happens all the time. A member thought they had enough money in their checking account to cover whatever it was they decided to buy on any particular day. Only they didn’t have enough [...]
A lesson on creating happiness from Harvard Business School
A friend and fellow classmate of mine from Harvard, Donald Tighe, sent me this thought-provoking article from the Wall Street Journal on how Harvard’s Business School and other leading Master of Business Administration (MBA) [...]