As communities begin to recover from the effects of COVID-19, employers and their workforces are looking for ways to make a difference. This is where corporate social responsibility comes into play. What is corporate social [...]
The first edition of the Fed’s Consumer Compliance Outlook has been released, with the main article addressing Regulation Z’s advertising requirements. The article explains the requirements that apply to all types of credit, [...]
You work hard during the week. By Friday afternoon, you're probably starting to feel the need to recharge. These days, if you're working from home, you may be even more exhausted than usual on Friday [...]
Several metrics superficially indicate that deposit initiatives might no longer “move the needle” for financial institutions. The recent data presented below from www.fdic.gov is striking. We have recently experienced the greatest deposit growth [...]
The world is evolving quicker than ever and financial services is not exempt from these market changes. Through these changing times, credit unions have helped members find new ways to connect by leveraging online channels [...]
Roughly half of community financial institutions’ checking account customers are likely to be credit card “revolvers.” These consumers carry balances on one or more credit cards for substantial portions of the year and account for [...]
There’s something old and reliable about the annual Spring and Summer real estate boom. Like clockwork, buyers and sellers come out of the cold eager to upgrade, downsize, or refinance. Even in the thick [...]
The voting period for two contested CUNA Board special election positions has ended. The following individuals have been elected and will take office immediately, to serve for the remainder of their unexpired three-year term. Nader [...]
The NCUA yesterday issued a Letter to Credit Unions instructing credit unions to begin to transition away from using the London Inter-bank Offered Rate (LIBOR) and complete the process no later than Dec. 31, 2021. [...]
At last month’s Hearsay Summit, Director of Content Strategy Gabrielle Levin joined Hannah Bland, Digital Marketing Manager at Aviva Investors and Tim Rickards, Director of Marketing and Client Engagement at Charles Schwab, to discuss [...]
Financial marketers traditionally analyze and segment their customers based on the kinds of measures that census takers and demographers use. They slice and dice data pools by generation, asset holdings, income level, marital status and [...]
When it comes to employee benefits, it's unlikely that your employees would say, "less is more." However, with the rising cost of employee health insurance and other costs involved in recruiting and retaining staff, most [...]
The industry is adapting to a changing economic landscape under the lingering shadow of the COVID-19 pandemic. Credit union balance sheets expanded at record rates over the past year, particularly in deposits and mortgage balances. [...]
Occasionally, the compliance team receives questions about interesting transactions conducted by members and whether a Currency Transaction Report (CTR) is required. Credit unions take their BSA/AML requirements seriously and are sometimes tempted to file [...]
Yesterday was tax day, so a lot of Americans know by now whether they owe the government money or if they have some cash coming back to them. If you're about to enjoy a refund, [...]
