NAFCU President and CEO Dan Berger wrote to the NCUA Wednesday to recommend the board consider increasing the interest rate ceiling above the current 18 percent during today's NCUA Board meeting – the interest rate ceiling [...]
Banking high-risk businesses can be profitable and provide a much-needed community service if you know how to do it responsibly and expertly. It is a prime opportunity for credit unions looking to diversify their portfolios [...]
When Jim Norris first learned about an in-depth diversity, equity, and inclusion (DEI) training opportunity, he immediately knew SkyPoint Federal Credit Union had to participate. “I wanted to do more than just write a statement [...]
Ransomware is now identified as a national security risk and companies are paying up – meatpacker JBS says it paid hackers $11 million to resolve its recent ransomware attack. Worst yet, double extortion ransomware attacks are [...]
Just last week on June 5, great news reached the United States’ credit union community. The United States Treasury announced they had awarded $1.25 billion in COVID-19 relief funds to 863 community development financial [...]
We often talk about personalization and connecting with the customer, especially as digital adoption grows, but there could be emerging opportunities that are not about forging direct relationships. Consumer behavior continues to shift, and a [...]
In this episode we're diving a little deeper on updates in cryptocurrencies and the impacts on credit unions. We’re going to focus on blockchain and the impacts on financial products, the changing regulatory landscape, [...]
Is your credit union one of the many that are burdened with finding, affording, and retaining skilled staff – especially in such a specific niche as credit union accounting? Do you struggle with key person risk [...]
Even before the pandemic, traditional mortgage closings were too often inconvenient for members and inefficient for credit unions. That’s why when Beth Eller joined Truliant Federal Credit Union ($3.5B, Winston Salem, NC) in [...]
I was recently watching a documentary about life in Japan, and while I was blown away by a number of sights, one thing I wasn’t prepared to be so impressed by was their vending [...]
Trends in retail banking have shifted in the last few years, but digital transformation and increasing digital customer demands are making strides to change the industry forever. In our experience economy, consumers expect more than [...]
Wondering why your credit union marketing isn’t yielding the results you had hoped for? Baffled by why you’re missing goals and not growing? Hit pause right now. Look at some of your credit [...]
When making the decision to bank cannabis, a credit union must take into account an extraordinary number of factors, from market opportunity, financial goals, institutional risk, and staffing requirements to name a few. For most [...]
This question ought to be on every agenda heading into this year’s post-summer planning session sprint for community financial institutions. Haven’t heard of “T” before? No need for trepidation. Here’s a quick [...]
The U.S. Supreme Court ruled Wednesday that the director of the Federal Housing Finance Agency can be removed at will by the president, overturning the current structure that allows the director to be removed [...]
