Vehicle sales tumble in June
Total vehicle sales fell from 17 million annualized units to 15.4 million annualized units in June, with monthly sales levels up 18 percent year over year. NAFCU Chief Economist and Vice President of Research [...]
News Archives
The likability factor
Tim Sanders wrote about the importance of increasing your organization’s “likeability factor” in his book by the same name. In the book, he writes, “Our nation is so focused on efficiency and productivity that [...]
How DEI can transform workplace culture – Part I
Diversity, equity and inclusion (DEI) is a complex movement that, in many ways, is bigger than us, and we are constantly acquiring new information that challenges our assumptions and helps guide us forward. To highlight [...]
Managing your allowance through the COVID/CECL crossroads
At the beginning of 2020, because of the COVID-19 pandemic, credit unions along with the rest of the world, saw threats to safety and soundness. Not only financial safety and soundness but threats to physical [...]
Personalization: Top banking trend for 2021
Chief Product Officer and Head of Customer Experience and Digital for Chase, Allison Beer, stated in a recent article that personalization is one of the top primary trends for 2021 in banking, among automation and [...]
Defining cannabis customers
With the growth of legal medical and recreational cannabis programs across the U.S., a well-developed playbook has emerged which can help financial institutions bank the cannabis industry more efficiently and effectively. A key component [...]
Credit union trends relative to brand
Our Design Directory Jenny Bengeult joins Kelly Hellickson and Hilary Reed at EmpowerFion their podcast The Speakeasy for a series of three episodes on credit union trends relative to employees, brand, and workplaces. In the [...]
Why are young people leaving credit unions and joining mega banks?
The other day, I received some mail with a mega bank’s logo and some big blue text that said, “Earn up to $700.” Of course, I had to open it...$700 is no small [...]
Three takeaways from the Q1 NCUA data
The National Credit Union Administration (NCUA) released its Q1 2021 data. Here are some key performance indicators: Total loans outstanding increased $49 billion, or 4.4%, over the year ending in the first quarter of [...]
Do as I say, not as I do
If you haven't read Josh Mitchell’s article in the Wall Street Journal titled “Is the U.S. Student Loan Program Facing a $500 Billion Dollar Hole. One Banker Thinks So,” I would encourage you [...]
The gay agenda still matters
Many years ago, my partner and I moved into a new house in a new neighborhood. It was a beautiful house in a wonderful area. Some of our neighbors greeted us with the simple “Hello! [...]
CUNA white paper details state of small credit unions
CUNA’s Small Credit Union Committee published a comprehensive white paper Tuesday examining the key opportunities and challenges facing small credit unions. The State of Small Credit Unions Today outlines how cross-industry support can lead [...]
Solid June jobs report in line with expectations
The Bureau of Labor Statistics reported non-farm payrolls increased by 850,000 in June, and the unemployment rate rose slightly to 5.9 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzed [...]
HR Answers: Building and maintaining relationships between back-office and front-line branches
A credit union is much more than monetary values and financial transactions. It’s about the people behind those operations—who can, quite frankly, make or break your organization. Credit union members want to feel [...]
What can credit unions learn from regulators? (Part 1)
The credit union regulatory environment is intended to provide safety and soundness to a movement that has nearly $2 trillion in assets and more than 125 million member-owners. For credit union leaders, compliance is a [...]