Total vehicle sales stayed strong in April growing from 18 million annualized units to 18.5 million during the month. Monthly sales levels were up a massive 112.2 percent year-over-year. NAFCU Chief Economist and [...]
Smarter ATM strategies crafted from sophisticated data analysis mostly have to be tailored to individual credit unions. However, overall market data can still shed light. One big trend as digital payments grow is for ATMs [...]
Ah, jury duty! Everyone’s favorite civic responsibility. Codified in our founding documents as the only mandatory constitutional duty for individual citizens, about 32 million Americans are summoned for jury duty every year. As an [...]
Amid a pandemic-plagued 2020, community banks and credit unions rose to the occasion as reflected in: the disproportionate number of PPP loans that kept local communities afloat, the emergency loans and accommodations extended to struggling [...]
The buy now, pay later market is expected to grow 181% by 2024 according to the 2021 Global Payments Report by Worldpay from FIS. In fact, according to the same report, BNPL services—which allow [...]
But, wait we umm.. never finished our Cyber Security Strategy… because you know {insert shiny item here} happened so we lost our focus. What do we do now?? The headline above is your worst nightmare. [...]
Which is more important: Your credit union staff or its members? This may sound like the quintessential “chicken or egg” question, and you may be right. As astrophysicist and planetary scientist Neil deGrasse Tyson has [...]
What does it mean to be “woke”? Merriam-Webster defines it as slang and means, “to be aware of and actively attentive to the important facts and issues (especially issues of racial and social justice).” As [...]
While many aspects of our lives slowed or were halted during the past year, one thing became faster – making payments. This is a paradigm with broad implications for your credit union. Take the growing use [...]
Roy Bergengren, one of the pioneers of the credit union movement, once said the most important function of a credit union is “the education of its members in the management and control of their own [...]
With the Covid-19 heath crises subsiding in the USA, businesses and financial institutions (our credit unions) will be pivoting to re-think and re-imagine the future to make up for the business downtrend the pandemic has [...]
The Paycheck Protection Program (PPP) has run out of funds, the Small Business Administration said Wednesday, just under a month before it was scheduled to expire May 31. The PPP was reauthorized at $284 billion [...]
In an op-ed published in Morning Consult, NAFCU President and CEO Dan Berger called on Congress to empower credit unions to help the nation's 63 million unbanked and underbanked consumers as opposed to supporting complex, [...]
Alternatives Federal Credit Union began 42 years ago when there weren’t great “alternative” financial options for consumers and small businesses. Our founders' innovation and passion to help people has left a lasting legacy that [...]
Welcome to the digital world, where cellphones hold your entire life in its database, tablets have become the new spiral notebooks, and contactless transactions make your day-to-day norms feel like futuristic experiences. The Internet of [...]
