High employee satisfaction is often confused with strong organizational culture. While happy and engaged team members are key, they are not enough to ensure an organization’s ultimate success. Indeed, an organization can have hundreds [...]
The NAFCU compliance team sometimes receives questions regarding the role of a credit union’s officers in Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance. Let’s review some of the responsibilities of the [...]
Nearly 20 months after its emergence, the COVID-19 pandemic is still impacting the U.S. economy and consumers, as well as the global economic landscape. The economy and its outlook have ebbed and flowed throughout [...]
When Winter Storm Uri—or as I like to call it, the Snowpocalypse—hit Texas back in February, leaving over three and a half million residents without power for multiple days, I was not prepared. [...]
The pandemic has forced many consumers to change how they bank, forcing a significant number of branches to close. Without a physical location to visit, many consumers have shifted to online banking, and won’t [...]
Since the Financial Accounting Standards Board (FASB) announced the transition to Current Expected Credit Losses (CECL) on June 16, 2016, credit unions have been working to prepare for the implementation deadline on January 1, 2023 ([...]
It’s no secret to many now, that I have Cancer. The journey of it all has been overwhelming. Some days great. Some days not so great. When I first wrote my article about having [...]
Focus on the ROR rather than the ROI not only kept Mid-Atlantic Events Magazine in the game, but also enabled it to thrive at a time when a significant number of businesses downsized or shuttered. [...]
CUNA received two additional nominations for its Board if Directors this week. Nominations are now being accepted for nine open director positions on the board. The deadline for nominations and seconds is 5 p.m. [...]
The Federal Reserve’s October senior loan officer opinion survey (SLOOS) found that over the third quarter, banks generally reported having eased standards and terms regarding C&I loans to firms of all sizes. [...]
Deciding how to safeguard your credit union's loan portfolio can seem like a complicated decision, and it can be tempting to go with the option that seems easiest on the surface. However, as with most [...]
In 2021, nearly four million people quit their jobs, which, according to the U.S. Bureau of Labor Statistics, the number of job openings jumped to 10.1 million because of it. This is greatly [...]
As community-based institutions, credit unions are well positioned to truly understand the unique needs of their members. With digital platforms and evolving technologies transforming the landscape, credit union leaders have an opportunity to capitalize on [...]
Popular investing app Robinhood said Monday that it suffered a security breach last week where hackers accessed some personal information for roughly 7 million users and demanded a ransom payment. The online trading platform said [...]
We are a society of multitaskers armed with smartphone technology. We pay bills from our phones on our lunch break, text while doing just about everything, and respond to emails in the middle of meetings. [...]
