Federal Reserve Chairman Jerome Powell Tuesday testified before the Senate Banking Committee as part of his nomination process to serve a second term as Chairman of the Federal Reserve Board. Several Republican leaders discussed inflation [...]
Many of us look forward to a fresh start at the beginning of a new year. The past two years have been chaotic, stressful and challenging for most of us, and credit union leaders have [...]
The median household income in the U.S. decreased 2.9% from 2019 to 2020, from $69,560 to $67,521, according to the U.S. Census Bureau. This is the first “statistically significant decline” [...]
How do you get advice that can actually help further your professional development? Get a mentor! Great, but how do you go about getting a mentor? Who should you approach and what should you expect? [...]
Bank of America slashed the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks. It's the latest move by the [...]
2021 had some big news headlines. From the dynamic political environment following the election and ongoing coverage of the COVID-19 pandemic to mental health awareness at the Olympics and civilians riding into space on private [...]
Last week, we blogged about FinCEN’s “New Year’s Resolutions,” as laid out in the Fall 2021 Rulemaking Agendas they published in December. Today we’ll take a look at the agenda of another [...]
"People will forget what you said. They will forget what you did. But they will never forget how you made them feel." - Maya Angelou Years ago I was a Branch Manager at a Credit [...]
Fintech is nothing new. As the industry currently stands, there are numerous fintech companies competing to enhance or replace the traditional financial services many credit unions provide to their members. Fintech is quickly becoming more [...]
So, you bit the bullet. You hired data managers and IT pros and purchased all the shiny analytics tools required to transform data into dollars for your credit union. What’s your next move? If [...]
Are credit unions ready to take over the world? They already are. In Asia alone, there is a 119% year-over-year increase in membership. Right now, credit unions are gaining traction across all six major continents. [...]
The New York Credit Union Foundation board of trustees has approved two new measures that will help small-asset-sized credit unions in the state gain further access to critical resources within the credit union system. The [...]
As NAFCU moves forward with its 2022 advocacy priorities, NAFCU President and CEO Dan Berger Monday sent several key federal agencies and administration officials an outline of the priorities and issues the association and credit [...]
Military readiness is what commanders certify prior to deployment. It would be disastrous to commence a particular operational plan if the units tasked cannot meet minimal manpower, training, and equipment requirements. Outside of these raw [...]
The excitement around NFTs, rich digital experiences and internet connected devices, highlights the craftmanship of digital professionals. This streak of creativity, however, extends to cyber-criminals who are developing highly imaginative, sophisticated and cutting-edge approaches to [...]
