Nussle, Donovan named top lobbyists
CUNA President/CEO Jim Nussle and Chief Advocacy Officer Ryan Donovan were named among Washington’s “Top Lobbyists” in 2021 by The Hill. “In one of the busiest years on record for the D.C. [...]
News Archives
NCUA issues 2 prohibition orders in November
The NCUA in November issued two prohibition orders prohibiting individuals previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution. Violation of a prohibition order is a felony [...]
Leadership that inspires and empowers
Jennifer McHugh, VP/community engagement at $3.8 billion Royal Credit Union, Eau Claire, Wisconsin, was chosen as the 2021 CUES Exceptional Leader, and with that honor has come contemplation about what leadership means. “I [...]
NCUA board sets critical precedent and an important oversight role for itself
The process took 23 months. The appeal required multiple in-person meetings. And oral hearings. The credit union engaged an attorney. The most senior regional and professional staff at NCUA opposed the petitioner’s request. In [...]
A 5-step plan to help ensure your members have access to critical coverage
The American population is becoming increasingly multiracial. According to the 2020 Census, the White population decreased by 8.6% between 2010 and 2020.[1] And the Multiracial population—those citing more than one race— jumped [...]
How do underserved areas, LIDs and CDFI certifications differ?
This post is meant to serve as a primer to better understand the differences between Underserved Areas, LIDs and CDFI Certification. While superficially similar, they each play a role in providing different benefits to your [...]
Debt collection rule and call limits—a second look
The Consumer Financial Protection Bureau’s (CFPB) debt collection rule issued in 2020, which amended Regulation F, is now in effect. The NAFCU compliance team has blogged about it a couple of times. In 2019 [...]
Desert Financial leads with heart to conquer new markets
Desert Financial Credit Union ($7.8B, Phoenix, AZ) knows how to make a good impression. So good, in fact, that the cooperative won a “best local financial institution” award for the Prescott, AZ, area before [...]
This is what cooperation looks like: Part two
Last month I shared what turned out to be one of the best days in my CU life. The grand opening of the CO-OP Park in Los Alamos, New Mexico. Truly a tribute to the [...]
Winning plays for your credit union from the best Big 3s in NBA history
If you're an NBA fan, you know there's an essential element to the game that's hard to put your finger on. When film stars have it, we call it "a certain je ne sais quoi." [...]
Helping members manage the holiday message to “overspend”
There seems to be a lot of pent-up energy in anticipation of the holidays this year. With everything that we all have endured over the past couple years, the temptation to overspend is rampant. Maybe [...]
Combine digital capture with secure storage to promote strategic differentiation
Customer Experience Improvement is Not Enough In a recent Financial Brand article (Two Big Trends That Will Change Banking Forever) it’s argued that product innovation, not customer experience, has grown vital for financial institutions [...]
CUNA issues action alert on CFPB reporting provisions
Credit unions need to comment on a sweeping proposal that would require financial institutions to collect and report data on the credit applications of small businesses to CFPB. CUNA issued an action alert Tuesday urging [...]
NAFCU requests NCUA provide more time for CUs to prepare for Call Report changes
NAFCU Regulatory Affairs Counsel James Akin wrote to the NCUA Friday regarding proposed changes to the agency’s Call Report. In the letter, Akin highlighted that the changes proposed are plentiful, and the NCUA has [...]
Unwinding the COVID-19 concessions for ‘secret CECL’
It has been nearly two years since the beginning of the COVID-19 pandemic. While concerns about new variants continue to make the news, American society seems to have progressed to a point of weariness with [...]