In the wake of the pandemic and the challenges that surfaced as a result, 2021 appears to be another year that credit unions consider merging with another financial institution. When two credit unions look to [...]
Reps. Ed Perlmutter (D-CO), Steve Stivers (R-OH), Nydia Velázquez (D-NY) and Warren Davidson (R-OH) reintroduced the CUNA-backed Secure and Fair Enforcement (SAFE) Banking Act today, which would provide protections for financial institutions serving cannabis-based [...]
The Federal Open Market Committee (FOMC) Wednesday maintained the federal funds target rate near its current range of 0 to 0.25 percent. The committee noted it will run the economy above 2 percent inflation, [...]
When you think of brands, the names that come to mind are iconic and clear. Apple and Google conjure impressions of cutting-edge tech and coolness. Coca-Cola thrives on building a sense of nostalgia and “feel [...]
Improving people’s financial well-being takes creativity, commitment and a culture of service. These are the stories of credit unions and how they are putting people’s financial well-being at the center of their strategy. [...]
It is a well-known fact that it is more cost effective to market to your existing account holders than to go after new ones. In fact, according to OutboundEngine, “The success rate of selling to [...]
It’s human nature to name things to make them easier to understand. We name things in order to identify what they are, organize them into some sort of system, and describe them to others. [...]
Just as interchange income was devastated in the months after the pandemic hit, overdraft fees earned by banks and credit unions also dropped precipitously. One reason was that the massive government stimulus payments, along with [...]
Our Consumer Pulse revealed more than one-third of the country continues to be impacted financially by the pandemic. As financial hardship spread, people initially turned to savings, but some Americans are relying more heavily on [...]
While there is a lot to be optimistic about in 2021, it’s important credit unions take realistic precautions regarding risk and recovery management. There is much uncertainty regarding the true state of the economy [...]
Credit unions have a unique challenge and opportunity in front of them. As COVID-19 continues to accelerate our members’ digital expectations, credit unions must embrace digital and find ways to deliver digital innovation at the [...]
For many credit unions, digital transformation is at or near the top of their strategic plans. While the events of 2020 fast-tracked strategies for digital transformation, adoption and execution have been in the works throughout [...]
Credit unions have always focused first and foremost on serving their members’ needs. But since the onset of COVID-19, member expectations have dramatically shifted, reflecting changes to the industry we are sure to see over [...]
CUNA Senior Economist Jordan van Rijn said he expects a “fairly strong” economic rebound in CUNA’s latest Economic Update video, sponsored by CO-OP Financial Services. “There is a lot of pent-up demand in the [...]
As a banking trade group recently made yet another attempt to stifle credit unions' ability to serve their 124 million members and reach underserved communities by sending a message to the Hill urging lawmakers to [...]
