As COVID-19 has accelerated digital banking trends, many institutions have pivoted toward digital transformation. However, in the digital lending space, slow-moving institutions still face a disadvantage. The economic downturn and obstacles to in-person channels have [...]
As we usher in the first month of 2021 after a most atypical 2020, the forecast for new car sales and repossessions is looking a bit grim. Black Book recently released a market insight report [...]
Self-awareness is critically important to personal and professional growth. If you're not honest about your performance or behavior, you won't take the necessary steps toward improvement. A challenge for leaders is coaching employees who may [...]
Welcome to the CUInsight Minute, sixty seconds from our Publisher & CEO Lauren Culp with our favorite reads from the week. Mentioned: Finding the right debit and credit card analytics tools by ARIKA SELLECK, FISERV [...]
Online shopping is kind of a big deal. Even before 2020, e-commerce retail sales have been steadily increasing over the last 20 years. Lockdowns in the second quarter of 2020 boosted that number up quite [...]
As the second round of economic impact (stimulus) payments begin rolling out, we want to provide some advice for credit unions on how to best help their members. The Foundation provided some guidance during the [...]
Make this new year, THE year your credit union stakes a claim. Puts a flag in the ground. Marks your territory. Drops a pin. Only then will you be able to rise above being a [...]
As we reflect back on 2020, it’s tragically funny to recall our early optimism. We all have that embarrassing “best year ever” social media post or personal goal that was put on hold when [...]
The NCUA board will propose a risk-based net worth rule to raise the asset threshold for defining a credit union as complex, among other items, at its Jan. 14 meeting agenda. The board will also [...]
The NCUA yesterday issued a Letter to Credit Unions regarding adjustments to the 2021 operating fee schedule and announcing a 19.6 decrease in the operating fee for federal credit unions. The 2021 operating fee [...]
For most financial institutions, certificates of deposit have long been the bedrock for the investment side of the balance sheet. Given the Federal Deposit Insurance Corp. and National Credit Union Share Insurance Fund insurance coverage, [...]
After the train wreck that was 2020, you may well question whether it’s worth trying to plan anything. But knocking off a few financial tasks early in the year can better prepare you for [...]
In any given year, most of your membership will need some combination of home and auto insurance—80% is typically seen as a logical estimate. That stat might create the impression that home and auto [...]
Ransomware developers and affiliates have been telling victims they must pay the ransom or stolen data and internal company secrets will be publicly released. Unfortunately, not everyone has believed them. But now that these threats [...]
Stereotypes are everywhere. Just look at the popular delineation of members of certain age groups as “millennials” and “boomers.” On the surface, grouping people into categories based on their demographics can be helpful. An employee [...]
