In the 21st century, it’s no longer sufficient to be known simply as a financial institution. Credit unions and other financial institutions must actively demonstrate how they give back to their local communities and [...]
Last week, I had the chance to visit with a participant in our Canvas Innovation Group. Our Innovation Group is an annual internal opportunity for our family members (how we refer to our employees) to [...]
Credit union lending and compliance leaders will learn practical strategies for complying with fair lending regulations at CUNA Fair Lending Virtual Workshop, Oct. 12 and 13. “Regulators are increasing their focus on credit unions’ compliance [...]
NAFCU Regulatory Affairs Counsel James Akin Wednesday wrote to the Federal Reserve in response to its proposed amendments and modifications to Regulation J pertaining to the release of the FedNow service to offer support for [...]
The path of the global and domestic economy continues to vex us in the relatively uncertain COVID-19-recovery world. The only precedent that might guide us is the end of World War II. However, at the [...]
Usually, inflation isn’t too bad. In the past decade, for instance, prices have risen by less than two percent a year. In the wake of the pandemic, however, prices have risen about 5 percent [...]
Providing your employees with robust health benefits is one of the surest ways to maintain a happy and healthy workforce and remain competitive in the current labor market. The slight downside of having great employee [...]
Payments modernization strategies can be tricky. On the one hand, many organizations, from large multinational banks to smaller local credit unions, have well-established payment operations to support existing volume and products today. On the other [...]
Do you often check your phone for notifications? Are you reading this article from your phone? If your answer to both of these questions was “yes,” don’t be surprised. Mobile devices have become a [...]
The Delta variant is surging, raising the specter of another onslaught of widespread shutdowns as a growing list of schools return to virtual learning and many retail businesses report staff shortages so critical it’s [...]
Believe it or not, it’s been nearly three years since the launch of the most robust and ambitious credit union movement initiative: To increase consumer consideration for credit unions. Since its launch, credit unions [...]
Despite news of several big banks offering credit cards to consumers without traditional credit scores or credit history, the credit score as we know it isn’t going away any time soon. How much do [...]
Seeing the withdrawal of American armed forces from Afghanistan, and the tragic loss of 13 young American heroes to a suicide bomber near the Kabul airport, brought back vivid memories of my days at USAA [...]
It was a thrill and a privilege in 2006 when I was asked to lead Xceed Financial Credit Union (then Xerox Federal Credit Union). For more than 15 years, we navigated full-scale brand and cultural [...]
Credit unions need to work together against a proposal that would require financial institutions to report money moving into and out of accounts to the Internal Revenue Service (IRS), said CUNA Chief Advocacy Officer Ryan [...]
