When I was in high school, personal finance wasn't something we were taught. Anything we knew about money, we learned from our parents. These days, there seems to be a greater focus on personal finance, [...]
A recent study by Juniper Research showed online payment fraud is expected to produce a $200 billion loss between 2020 and 2024. This includes digital banking services. To address digital payment fraud, many e-retailers and [...]
Despite the challenges of the COVID-19 pandemic, the middle-class reports heightened confidence and optimism in their financial security and retirement prospects, according to new survey data from CUNA Mutual Group. Most of the middle-class respondents ([...]
The US financial market is a competitive and ever-changing landscape. Over the last year, the pandemic has only heightened and illustrated this matter. As a result, the market is now exploring alternate means to engage [...]
President Joe Biden Wednesday met with several private sector stakeholders to discuss the need for expanding cybersecurity protections, enhancing critical infrastructure resilience, and cultivating cybersecurity talent across all sectors of the economy. Financial institutions are [...]
The National Credit Union Administration board has recently proposed the complex credit union leverage ratio as a simplified compliance alternative to the agency’s risk-based capital rule. If finalized, CCULR will give federally insured credit [...]
If Rip Van Winkle had fallen asleep in February 2020 it wouldn’t take 20 years to wake to a far different world and financial services marketplace. “We can’t just rely on select employee [...]
The last year and a half has proven we realized both the inevitability and acceptance that has come with the digitization of the economy in the United States during and after COVID. Since March of [...]
Starting this month, the NCUA (National Credit Union Administration) will begin implementing a new, modernized system focusing specifically on the online application process for Field of Membership expansion. The news was announced via a letter [...]
The past couple years have been a case study in disruption, and one attribute that stood out among the most resilient organizations was flexibility. The shifts in consumer preferences and digital transformation didn’t begin [...]
We recently hosted a great conversation on cloud technologies for credit unions. We have lots of these, but this one was especially interesting because it included a case study from Affinity Plus FCU. Joining us [...]
There’s a formula to improving revenue margins—a flywheel of actions that are proven to sharpen results. This formula involves having clean, actionable data that empowers employees with the knowledge to deliver a better [...]
Lou Holtz said, “In this world you're either growing or you're dying so get in motion and grow.” His words are certainly relevant to our industry, as now perhaps more than ever, members need their [...]
Digital transformation has been pushing change in the retail banking space for decades. And for credit unions, those shifts have come in big waves—mobile apps, text-based communication, online portals, and even a greater focus [...]
Consumers are prioritizing security We have most certainly seen a rise in digital fraud because of more consumers shifting to digital payments. This has affected all types of businesses, as in many cases they had [...]
