There has been a subtle power shift toward control by the consumer and away from the marketer. With plenty of time at home, consumers have started paying closer attention to their finances, and begun to [...]
J. Owen Cole, the National Credit Union Administration’s associate director in the Policy and Markets Division in the Office of Examination and Insurance, has announced he will retire at the end of the month. [...]
Credit unions quickly responded to COVID-19 by sending staff home and extending financial help to members in ways that tested the movement’s operational and financial resilience, each cooperative in its own way. Now, while [...]
As technological innovations continue in the world of payments and financial technology, there are new and exciting things on the horizon for credit unions. 2020 has been a big year for technology and how it [...]
I know what you’re probably thinking: what perspective could Gen Z possibly have on finances - aren’t they still kids, maybe in high school? Some, yes. But the oldest of us were born [...]
Time and time again, human ingenuity proves to be extraordinary despite unintended and intended obstacles. This past year has proven the point and the months ahead will continue to do so. Sadly, countless lives have [...]
This is an article for credit unions interested in parents and children members (the Millennials and Gen Zs!). If your members love your service, surely they will tell their children to join credit unions too, [...]
New-home sales declined 11 percent from October's downwardly revised rate of 945,000 annualized unites to 841,000 units in November. In a new NAFCU Macro Data Flash report, NAFCU's Nadir Tekarli noted that although [...]
Seniors lose around $2.9 billion every year to scammers, according to the Senate Special Committee on Aging. These unscrupulous fraudsters often use high-pressure sales pitches and sophisticated techniques to trick even the most educated [...]
After more than 40 years with First Missouri Credit Union in St. Louis, President/CEO Steve Ogolin plans to retire in January. During his tenure, Ogolin ushered First Missouri through a name change from St. [...]
Conversational artificial intelligence has gotten a lot of buzz lately, and for good reason. As lockdowns closed financial institution branches and pushed banking online, usage of chatbots and virtual agents soared. Bank of America’s [...]
I hope y’all had a very Mele Kalikimaka weekend! To round out the holiday season, this blog will discuss the Seasoned QM portion of the two final CFPB rules amending the ability to repay [...]
The circumstances of 2020 forced us all to look at how and where our staff work. In the span of a few weeks, many organizations adjusted to having staff working both in the office or [...]
Credit unions quickly responded to COVID-19 by sending staff home and extending financial help to members in ways that tested the movement’s operational and financial resilience, each cooperative in its own way. Now, while [...]
President Donald Trump last week vetoed the fiscal year 2021 National Defense Authorization Act (NDAA); however, the House today has scheduled a vote to override the veto, and the Senate is expected to take a [...]
