Reported fraud continues to increase in frequency, complexity, and severity. According to the Federal Trade Commission (FTC) the top 5 types of scams include: Imposter scams, fake internet services, false prizes/sweepstakes, lotteries, and fraudulent [...]
On a recent World Council of Credit Unions webinar leading up to the G20 conference in Rome, Italy, CUNA’s Executive Vice President and Chief Advocacy Officer Ryan Donovan offered a reminder to credit union [...]
Nature never fails to teach us life lessons in all ways, shapes, and forms. Just like the natural world adapts to constant changes, so should our organizations. When it comes to organizational leadership, transformational opportunities [...]
Mentioned: Social Security: Answers to two basic questions by SECURIAN FINANCIAL People approaching retirement usually have two questions about Social Security: “Will it be there for me?,” and “When should I start taking Social Security [...]
If the holiday season has crept up on you, then I bet you haven’t started your holiday shopping yet (I haven't bought anything, nor even looked). If you’re in need of a few [...]
Regulatory compliance seems to get more complicated – and more expensive – every year. Attracting and retaining qualified compliance staff is also becoming more complicated and expensive. As a result, there’s a growing trend for credit [...]
Many consumers and small businesses have been vocal in opposing a new proposed law that would require banks and credit unions to send savings and checking account data to the Internal Revenue Services (IRS) if [...]
Credit unions were founded on the righteous principle of “People Helping People”. For example, a plant worker’s car was wrecked and he needed a car to get to work. So, co-workers formed a credit [...]
Credit unions have profound interest in preserving the Department of Defense’s (DoD) discretionary authority to allow credit unions to use land and space on military bases at a nominal rate, CUNA and other organizations [...]
The Federal Open Market Committee (FOMC) Wednesday maintained the federal funds target rate near its current range of 0 to 0.25 percent. The Committee acknowledged that the rise in COVID-19 cases has slowed the [...]
Since the early 1980s, business-owned life insurance or BOLI has been the go-to strategy for banks and credit unions to offset the cost of executive and employee benefits. At the end of June 2021, more [...]
Over the course of the pandemic, credit unions have seen their balance sheets grow at an accelerated pace. This has been fueled by COVID-related policy response, including multiple stimulus payments and a sustained period of [...]
If your personal data has been compromised, you often won't learn about it until T-Mobile, Facebook, Marriott, DoorDash, LinkedIn or any other company you're trusted with your information notifies you about a data breach. By [...]
In the early months of COVID-19, ELGA Credit Union ($1.15B, Burton, MI) became one of the first local financial institutions to reopen its branch lobbies in and around Flint, MI. Soon, the credit union [...]
On September 27, 2021, NCUA published a notice in the Federal Register regarding the Call Report. The notice is only about a page long, and is seeking comments on changes that include: Restructuring to streamline [...]
