Is it time to change your credit union core?
The credit union needs to make a change, but where does the credit union even begin? The first step in deciding if a core conversion is on the horizon is reviewing some of the credit [...]
News Archives
Take time to de-stress
If you’re like me, your life might be just a little busy. Maybe you’re running after kids who are in every sport or extracurricular activity, playing on intramural sports teams yourself, busy remodeling [...]
Lack of consumer protections in fintechs lead to CU concerns
Credit unions have concerns about the lack of protections involving non-regulated entities engaged in financial services, CUNA wrote to a House subcommittee Thursday. The House Financial Services Subcommittee on Consumer Protection and Financial Institutions conducted [...]
NAFCU rep testifies on need for level playing field
Today, NAFCU-witness Carlos Pacheco will testify before a House Financial Services subcommittee to share credit unions' recommendations for a fair and level playing field with fintech companies. NAFCU is leading efforts to alert policymakers and [...]
Inside Marketing: 3 steps to ensure your members feel valued
Having high-quality products and services is no longer a competitive advantage for credit unions—it’s an expectation. The critical differentiator in building lifelong relationships with your members is how well you understand, guide and [...]
Gain momentum and propel the board forward
The credit union landscape has changed dramatically during the past year as the coronavirus (COVID-19) pandemic forced leaders to change how they operate and serve members. Now, as more people are vaccinated and life begins [...]
Do I have to provide health insurance to offer my employees voluntary benefits?
The short answer? No. Voluntary benefits are benefit options such as dental, vision, disability, and critical-illness and accident insurance, ID theft protection, and legal services that an employer can offer, but are paid—partially or [...]
FinCEN publishes ANPRM on beneficial ownership database
On April 5, 2021, the Financial Crimes Enforcement Network (FinCEN) issued an Advanced Notice of Proposed Rulemaking (ANPRM). This ANPRM mostly seeks comments regarding how FinCEN can implement provisions of the Corporate Transparency Act (CTA), [...]
Faster tax refunds
The most efficient tax refund is the one that doesn't need to be sent. Overpaying your taxes means the IRS holds some of your money interest-free until they get around to returning it via a [...]
Have credit unions lost their way?
Among CEOs, Bill Bynum has carved out a reputation of staying true to the credit union mission. He began his career helping to establish North Carolina-based Self Help Credit Union, a pioneer in programs targeting [...]
Relaunching your private label card offerings
Private label cards are starting to see a large comeback because of the ongoing COVID-19 pandemic. Many merchants, specifically retailers, have shifted their focus to these cards and by extension, are developing their own loyalty [...]
Credit Union House Hall of Leaders recognizes industry influencers
Since the inception of the Credit Union House Hall of Leaders in 2008, over 170 individuals from 41 states have been inducted into - what I consider to be - our industry’s “Hall of [...]
Get ready – consumers are about to get their spend on!
We’ve all had a year to dream about what we’ll do post-pandemic. Most of us are now starting to get those dreams put to paper. We are dusting off the travel rewards credit [...]
The cannabis / credit union partnership: $3 billion and counting
Whether it’s used medically or recreationally, the taboo of cannabis consumption is fading at a dramatic pace. More than 40% of the American population lives in a state where cannabis is legal for recreational [...]
NCUA releases OMWI annual report to Congress
NCUA released its Office of Minority and Women Inclusion (OMWI) annual report Wednesday detailing the agency’s progress in 2020 in advancing diversity, equity, and inclusion in its workforce. The report also highlights the agency’[...]