NAFCU yesterday announced its 2021-2022 Board of Directors following its Annual Business Meeting held both at the association's headquarters in Arlington, Va., and virtually. Thomas W. DeWitt, president and CEO of State Farm Federal Credit [...]
The COVID-19 pandemic profoundly impacted consumers and commerce. The crisis and resulting shutdowns drove unprecedented changes in borrowing trends. Today, understanding consumers’ financial and lifestyle changes is even more crucial for lenders. Leveraging multiple data [...]
A recent Lexis/Nexis survey of over 1,000 financial crime compliance decision makers, which focused on finding the true cost of AML/CFT compliance, reported that the total price tag for all financial crime [...]
Each day you see so much opportunity for your credit union to grow. You have some great ideas jotted down or floating around in your head, but you need a cohesive, logical strategic marketing plan [...]
What is your organizations' cyber recovery strategy and cyber risk threshold? Who has the better insight into your cyber vulnerabilities – your IT leader, or cybercriminals? Every day, these threats are intensifying at an alarming rate. [...]
The federal banking agencies—the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the Federal Reserve System (Federal Reserve)—published proposed interagency guidance about [...]
The pandemic created the largest amount of excess liquidity in history. The credit union industry has never been more flush with excess cash. Loan demand remains weak. And margins are now at all-time lows. Amid [...]
You’re a smart person and you do good work. So how come you’re not being noticed? Your boss isn’t recognizing the good work you do and your co-workers don’t appreciate you. [...]
Jeremy Garza has been the CEO at Gulf Coast Federal Credit Union for eight years; he’s worked at the credit union for a total of 18 years. Now, the credit union is making history [...]
When compliance intersects with governance and risk, opportunities can be unearthed. “Compliance is basic hygiene in today’s risk and regulatory landscape,” said Andy Vanderhoff, CEO of GRC technology provider Quantivate. “Compliance risk management goes [...]
Zimbabwe, located between Malawi and South Africa, is slightly larger than Montana with a population of 11,393,000. Years of civil war against white minority rule and a Freedom Fighters guerrilla uprising led to [...]
NCUA issued a Regulatory Alert (21-RA-08) this week on the Consumer Financial Protection Bureau’s June 30 final Regulation X rule to assist borrowers affected by the pandemic. The final rule only applies to servicers [...]
NAFCU, along with several financial trade organizations, wrote to the Senate Banking Committee and House Financial Services Committee Monday to urge lawmakers against the expansion of the Durbin Amendment to credit cards. "Support for any [...]
To keep pace with rapidly evolving member demand for digital financial services, credit unions are working with more third-party providers than ever before. Falling under the large and somewhat nebulous umbrella of “fintech,” these partners [...]
Implementing and managing credit card portfolio has always been an important activity for credit unions. This has been so because credit cards have always been the most profitable product for any financial institution. It is [...]
