News Archives

The digital transformation in banking

The digital transformation in banking

Banking has evolved immensely over the past few decades. Most notably, customers no longer have to visit a bank in person to deposit a check or open an account, which makes banking more accessible to [...]

How small dollar lending aided member recovery for CDFIs

How small dollar lending aided member recovery for CDFIs

“As soon as you get your first loan, you are trapped unless you know you’ll have the three-hundred extra dollars in the next two weeks,” said Sandra Harris, as reported by the Center for [...]

Sweep the parking lot

Sweep the parking lot

When I think back to my college classes, a cold chill descends my spine when I remember accounting. I am not left brained nor have I ever been accused of being organized, but I now [...]

Your purpose falls short

Your purpose falls short

Consumer expectations have changed. Not in product, price, experience, nor quality. These have all been relegated to table stakes. Instead, the greatest shift in consumer expectations over the last two years is in purpose. According [...]

FASB eliminates TDR requirements for CECL adoptees

FASB eliminates TDR requirements for CECL adoptees

The Financial Accounting Standards Board Wednesday agreed to a CUNA-supported update to the current expected credit loss (CECL) standard. CECL is an accounting standard that recognizes lifetime expected credit losses. The update eliminates Troubled Debt [...]