Credit unions derive income from revenues generated by two primary sources: interest income and fee income. Interest income is revenue earned by lending money, and fee revenue is earned from account-based charges. Typically, interest income [...]
Interesting times continue for auto lenders and service providers. There’s been a lot of volatility so far this year with supply shortages and increased auto values, including the appreciation of used cars values. Our [...]
National Hispanic Heritage month is here again! You are probably starting to see messages on social media and maybe even posters promoting local events. But what is National Hispanic Heritage Month? National Hispanic Heritage month [...]
With most children going back to in-person school the past few weeks, you may think that parents are feeling happy and relieved. The reality is, not only are many parents still anxious about their kids [...]
Credit union loans outstanding increased 0.8% in July, compared to a 1.0% increase in June of 2021 and a 0.7% increase in July of 2020—according to CUNA’s latest Monthly Credit [...]
An independent study commissioned by NAFCU released today examines the benefits brought to consumers, businesses and the U.S. economy by the credit union federal income tax exemption. Specifically, the study found that removing the [...]
Some say that there are two types of companies: those that have been hacked and those that have been hacked but don’t yet know it. Today, all companies—including credit unions—are considered technology [...]
Illiana Financial Credit Union began to notice changes in the population across its service area in the Southern Chicago suburbs in 2013. Three of its four branches were in areas with a high concentration of [...]
There’s plenty of research to suggest the pandemic accelerated the adoption of digital tools in the credit union space. Now that members have discovered the convenience of digital tools, many plan to keep on [...]
In a recent survey of more than 250 bankers representing banks and credit unions, 61% of respondents said their financial institution plans to maintain or increase Small Business Administration loan origination this year and beyond. [...]
The whole notion of a bank-credit union combination seems awkward, given the different ownership and governance structures. Such combinations have been very rare until fairly recently. Inter-industry combinations hit a high point in 2019, and [...]
On Thursday, September 9, 2021 the Biden administration issued a plan and some Executive Orders relative to the pandemic, including an Order requiring COVID-19 vaccines for certain workers such as “federal contractors.” This Executive Order [...]
A sound risk management strategy for lenders should include a comprehensive insurance tracking program to remain protected from loss. This whitepaper discuses regulations and compliance issues related to tracking insurance for auto and mortgage. Complete [...]
Credit unions presented Children’s Miracle Network (CMN) Hospitals with a check for $180,059 Sunday morning just before the 48th running of the Credit Union Cherry Blossom Ten Mile Run. Credit unions raised the [...]
Thank you for tuning in to episode 119 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by our friends at CUES. CUES is [...]
