The Bureau of Labor Statistics reported non-farm payrolls increased 559,000 in May, and the unemployment rate fell to 5.8 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report [...]
The financial services industry had a landmark year in operational transformation and, whether due to safety concerns or due to necessity by lockdowns, consumers have changed since Q1 of 2020. Credit unions were uniquely challenged [...]
It’s officially Pride Month! Last year, we saw many credit unions celebrating Pride Month and particularly enjoyed this roundup from CUNA featuring notable Pride-related tweets. We love blog posts and social media graphics, but [...]
What motivates CUES member Bill Vogeney, chief revenue officer at Ent Credit Union in Colorado Springs to find time in his hectic schedule to help a group of smaller credit unions all the way across [...]
Credit unions aren’t alone in facing digital disruption, new competition, and unexpected surprises in the marketplace. Traditional auto dealers, for example, felt the pinch as U.S. consumers opted to avoid in-person lots during [...]
When it comes to the digital economy, the United States has been a holdout. Still, there was $895.7 billion worth of U.S. digital transactions in 2020. As most are aware by now, the [...]
In its May 2021 meeting, the National Credit Union Administration (NCUA) Board approved a final rule that amended its derivatives rule. A derivative is “a financial contract which derives its value from the value and [...]
Thank you for tuning in to episode 112 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by our friends at PSCU. As the [...]
Last week’s Memorial Day weekend, the unofficial start to summer 2021, felt a lot like pre-pandemic normal. Travel increased significantly throughout the country, and so did the opportunities to more closely connect with each [...]
Whether you’ve worked in Marketing for 15 years or 15 months, coming up with fresh ideas on demand can be a bit overwhelming. How many different ways can we advertise an auto loan promotion [...]
What is all the buzz about inflation? Everywhere you turn, the headlines convey that inflation is looming on the horizon. From economists down to everyday investors, society is becoming concerned about the effects of inflation. [...]
Federally insured credit unions reported net income growth of $11.3 billion, or 134.9%, over the year ending in the first quarter of 2021, according to the latest financial performance data released by NCUA. [...]
Total vehicle sales fell from 18.8 million annualized units to 17 million annualized units in May. Monthly sales levels were up 40.3 percent year over year. NAFCU Chief Economist and Vice President of [...]
I’ve been in the credit union industry for more than 22 years. Throughout those years, I’ve been searching for all kinds of diversity … diversity of thought, action, operations, ethnicity, community, sexual orientation and [...]
Happy Friday compliance friends! My name is Becky Harris, and I am one of two new Regulatory Compliance Counsels at NAFCU. This is my inaugural blog post, and I’d like to use my first [...]
