The risk management function has been one that many credit unions have struggled with, as they find themselves not fully understanding the importance of it from a companywide perspective. The role of a risk manager [...]
Financial professionals can support home contractors and help them achieve their construction goals. With adequate funding, individuals can reconstruct or add to their properties following a tumultuous time. In 2020, the construction industry experienced financial [...]
Imagine it’s 10pm. You hear a noise outside and open the door to find your house surrounded by armed militia. You are dragged forcefully from your home, away from your wife and young children. [...]
Any changes to risk-based capital requirements—including the proposed adoption of a complex credit union leverage ratio (CCULR)—requires a delay of the Jan. 1, 2022 RBC effective date, CUNA wrote to NCUA Thursday. CUNA [...]
On a seasonally adjusted basis, overall consumer prices rose 0.4 percent in September, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew by 5.4 percent over the 12-month [...]
In 2020, most Securities and Exchange Commission-filing institutions were required to move to the new current expected credit loss, or CECL, model. Following the 2007-2008 financial crisis, the CECL model aimed to provide more timely [...]
In research about the cost of “people problems” published in Harvard Business Review in 2016, Tanya Menon and Leigh Thompson report that “executives estimated wasting an average of $7,227.07 per line item per [...]
Implementing a new software system is a significant milestone. However, it is even a more dramatic achievement when it delivers the considerable benefits that a customer engagement system does. Banks and credit unions leveraging customer [...]
Recently, I attended a system collaboration event in which a colleague at CUNA Mutual Group beautifully captured the essence of credit unions, saying “Financial well-being for all is not a thing credit unions do, it [...]
CUInsight Publisher & CEO Lauren Culp is joined by Dan Price, President at 2020 Analytics for a quick interview with just 3 questions: 1. (0:28) What challenges do you see credit unions are facing [...]
If you spend enough time on YouTube, then you have seen your fair share of cute dogs and cats. Or maybe you prefer cooking videos or movie trailers. YouTube can be a great way to [...]
As recently as two years ago, the practice of financial inclusion in the Southbridge neighborhood of Wilmington, Delaware, and the neighboring Route 9 Corridor was, in a word, lacking. An area so lacking in financial [...]
I went back and forth in my head about how I would write this article. Did I want to focus on the challenges that face young people who are in the foster care system? Or [...]
Staying one step ahead just isn’t enough. Although data security is ever increasing, the truth is, fraud and fraudsters are not going away. Based on poll responses received from credit unions participating in Let’[...]
For decades, credit unions battled for consumers’ attention against one main opponent: banks. What happens when another competitor emerges—one with virtually infinite resources and manpower? We’re about to find out. Within the past [...]
