NCUA issued two Regulatory Alerts on credit union requirements for submission of Home Mortgage Disclosure Act (HMDA) data. One (22-RA-02) covers submission of 2021 HMDA data, which is due to NCUA by March 1. Credit [...]
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) published a whitepaper detailing the feasibility of a digital dollar, or U.S. central bank digital currency (CBDC). The whitepaper describes a [...]
Credit union have several defining characteristics that set them apart from other financial institutions. Not-for-profit status allows credit unions to focus on the needs of members, and not third-party or institutional stockholders. CUs’ community focus, [...]
An early financial services trend of 2022 involves big banks announcing plans to eliminate or dramatically reduce overdraft fees. Capital One kicked off the process in December, with Bank of America and Wells Fargo quickly [...]
As we kick off 2022, pandemic blues are still very much part of our daily lives and many Americans are contributing to the economic recovery by spending their feelings. They’re buying more cars (or [...]
For most of the past two decades before the pandemic, the banking industry assumed a mostly passive mode with respect to change and innovation. Even though the marketplace was changing rather quickly, a great deal [...]
The House on Friday passed marijuana banking legislation for the sixth time, sending it to the Senate, where its fate remains uncertain. This time, the marijuana provision was attached to the America COMPETES Act, comprehensive [...]
A few weeks ago, the National Credit Union Administration (NCUA) Board held its January 2022 monthly meeting. During the meeting, the Board approved a proposed rule that, if adopted as a final rule, would require [...]
Thank you for tuning in to episode 25 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
Leadership matters because leaders who inspire extraordinarily performing teams are the ultimate advantage for any organization—whether that organization is a business, a nonprofit or a sports team. In this article from Inc. magazine, author [...]
When I first saw the Domino’s Pizza commercial promoting the random distribution of gift cards to their delivery customers during the 2021 holiday season, I assumed they were making nice on Mom & Pop [...]
Today’s job market is increasingly competitive and fast-moving. With this in mind, many companies need to understand why employees leave. Retention is important for the bottom line, and it's essential for retaining top talent, [...]
CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s January jobs report: “The labor market posted strong job growth in January despite an expected, temporary setback due to [...]
Total vehicle sales rose from 12.5 million annualized units to 15 million annualized units in January, with monthly sales levels down 10.6 percent year over year. NAFCU Chief Economist and Vice President of [...]
The case for hybrid work is well-made, and both employees and organizations continue to define what that looks like with a shared focus on employee well-being and company success. With an overwhelming majority, 90% of [...]
