Today, financial institutions are awash in deposits from pandemic-era stimulus programs, but they can take steps to balance this influx with lending. It’s time to embrace cross-selling predictive modeling to more accurately and proactively [...]
While 2020 brought about expected advancements in technology and in cyber threats, it combined that with a global pandemic that turned the world on its head. This swift change led to a growing divide between [...]
During February 2022’s Foundation Dinner, Chicago’s Faith Based Credit Union Alliance (FBCUA) will receive the Herb Wegner Memorial Award for Outstanding Organization, recognizing its collective impact serving many of the city’s communities [...]
To solve for the significant gap of overall financial health and wellness that has plagued the financial industry, look inward: at your data and your offerings. The problem is two-fold: a lack of tools and [...]
Proportionality is alive and well. This is great news for credit unions because it means regulators are seeing the importance of tailoring regulations to allow credit unions to properly serve their members. We saw this [...]
To say stress permeates late November through the end of the year is like saying water is wet and Peppermint Patty was too brusque when she panned Charlie Brown’s Thanksgiving dinner. It seems financial [...]
Over the past several years the heavy burden of paper loan closing documents has gradually become lighter, thanks to the emergence of electronic closing technologies. This is welcome news for many lenders, buyers, sellers and [...]
When companies consider their security posture and cybersecurity strategies, there are two areas that are often overlooked – maintenance and employees. Cybersecurity is not a one and done project. Hackers are evolving their methods and there [...]
“We’re part of something bigger! Our networks are our net worth! Cooperation is our superpower!” These are the mantras that inspire World Council’s Young Credit Union Professionals’ (WYCUP) program to connect the world’[...]
The year 2020 was a tough time for businesses and workers alike. One of the long-term impacts of Covid-19 was the transition to increased working from home (WFH), which brought about new challenges for team [...]
CUNA wrote in support of a bill Tuesday that would prevent the Small Business Administration (SBA) from directly making loans under the 7(a) loan program. Rep. Blaine Luetkemeyer (R-Mo.) introduced the bill, H.R. [...]
President Joe Biden Monday reappointed Jerome Powell for a second term as Chair of the Federal Reserve, head of the U.S. central bank. Powell currently serves in this capacity and was nominated by President [...]
Michael Daigneault, CCD, CEO at Quantum Governance, tells a story of a judge who served on the board of a large credit union. At board meetings, he would speak up, be heavily involved and opine [...]
An influential community group last week joined bankers in telling Congress that credit unions are not fulfilling their mission and are not sufficiently accountable to the communities they serve. “Credit unions are not held accountable [...]
According to a recent issue of the “Digital Banking Report”, mentioned in the blog “The Financial Brand”, “abandonment rates increased significantly as the time to open an account or complete an application increased. If the [...]
