CU SoCal doubles up on bonuses
Credit Union of Southern California (CU SoCal) in Anaheim ended 2021 by giving out a pair of bonuses to every employee. The $2.1 billion asset credit union issued a holiday bonus Nov. 19, followed [...]
News Archives
Beyond the big check: How to engage members around community giving
We’ve all seen the “Big Check” photos. Credit unions commonly post them to their websites and social media accounts to demonstrate their commitment to the community. While these photos are a nice way to [...]
It’s time to remind members why they should have an HSA
As our country fights through a global pandemic, many of your members may be trying to determine the best way to save for their current health care expenses and for any future expenses that may [...]
The top 3 IT challenges of 2022
Every year IT departments across the country face new and old challenges alike, everything from managing staff budgets to projecting infrastructure needs. However, 2022 is presenting some very specific issues related to tech talent staffing [...]
How Walmart’s latest deal could impact the future of fintech
There’s often a tradeoff between capital and independence. Brian Hamilton is experiencing that first hand, having just agreed to have his innovative neobank, ONE Finance, become part of the fintech joint venture of Walmart [...]
Credit unions need to move on from overdraft fees, and here’s how
Inside of one work week, Keri Fitzpatrick, a cook at her local middle school in Peterborough, N.H., was penalized for the $175 she didn’t have in her bank account. Her story, featured in [...]
4 personal finance resolutions for 2022
Are New Year's resolutions your thing? I'll be honest, they're definitely not mine. Honestly, I'm not sure I know a single person who's told me about having one this year. So, if you don't have [...]
Virtual prepaid cards: Better for the environment and for business
Virtual or Plastic? It’s a choice that soon all credit unions and card issuers will be asking as the virtual card market continues to grow to a predicted threefold increase by 2025 (PYMNTS.com). [...]
As the world turns, so does bridging credit union gaps
In my work, I often think about what the world would look like—what it would be like without credit unions. It is a scary thought for all of us, I know. I am by [...]
A better question to ask than, “How are you?”
It has become my most hated question. I mean, does anyone know how to answer the question “how are you” right now? Seriously. Do you lie and say “fine” or “good”? Do you give a [...]
Global Regulatory Update spotlights link between climate, finance
Sustainable finance will become an increasing area of focus for national-level regulators across the globe this year as financial institutions expand investments in clean energy loans and other environmentally-friendly products. That’s one of the [...]
OSHA withdraws vaccination and testing mandate
The Department of Labor's Occupational Safety and Health Administration (OSHA) Tuesday withdrew its vaccination and testing emergency temporary standard (ETS), previously issued in November. Although OSHA has withdrawn the vaccination and testing ETS as an [...]
Tech Time: Open bank data unlocks new digital experiences
Over the last couple of years, credit unions have experienced impressive growth. In 2020, membership surged by nearly 30% worldwide, and this past year, total assets topped $2 trillion as membership hit a new record [...]
2022 lending forecast: A return to historic norms
Credit union loan portfolios are expected to return to historic growth rates in 2022 as CUNA economists predict a 9% increase in total loans outstanding. That’s just above the historic average growth rate of [...]
Diversity gains on the board
Board succession planning and recruitment has been a hot topic for a while now. This isn’t my first blog post about it, and I’ve been talking about it at trade conferences and in [...]