It often feels counterintuitive for financial institutions to write off bad debts. After all, a loan portfolio is an asset to any financial institution's future revenue. Also, if a financial institution cannot practice debt collection [...]
We need your help! Take our anonymous two-question survey on how you’re serving members/employees with cancer: https://www.surveymonkey.com/r/side-effects Credit unions have been incredible this year – the philosophy of “people [...]
Credit unions play DEFENSE when they wait for members to fill out an online loan application, come into the branch, or for the dealer to send indirect auto loans. Often, they think that because they [...]
NCUA and Congress should take further steps to ensure credit unions remain in position to serve members during and after the pandemic, CUNA wrote to the House Financial Services Committee Thursday. NCUA Chairman Rodney Hood [...]
The Federal Reserve's third-quarter senior loan officer opinion survey (SLOOS) revealed banks' continued tightening of standards and weakening demand for loans to consumers. “Banks continue to pull back on credit extension," said NAFCU Chief Economist [...]
“When we talk about leadership, it’s always good to remember that leadership is a journey. It isn’t a destination,” said Harry Kraemer, an executive partner with Madison Dearborn Partners, a private equity firm [...]
One fact is clear in the face of uncertainty presented by the coronavirus (COVID-19) pandemic: Credit unions have shined in their efforts to support members, says Mike Schenk, CUNA’s chief economist and deputy chief [...]
![Credit Union Growth Series [Part 2]: What matters most with digital & your data](https://www.cuinsight.com/wp-content/uploads/2020/10/bigstock-Young-Asian-Businessman-Using-325106695-226x163.jpg)
Mobile banking usage has grown exponentially with the pandemic. Hear how to leverage the increased usage and demand for on-demand channels to enhance member service, marketing, growth, and risk strategies. Key Takeaways: [03:56] End [...]
Life insurance should be a part of everyone's financial plan. Whether you are young and healthy or more seasoned with a family, life insurance offers peace of mind and protection for your loved ones. Although [...]
Lending Challenges An exceptional member loan experience is the path towards membership growth. Who better to help with the member loan experience than a Loan Origination Platform built by a Credit Union Service Organization (CUSO) [...]
Are you and your marketing team taking a closer look at your digital marketing? If so, then chances are you’ve made at least one of these three common mistakes in your quest to “do [...]
In 2019, Josh Levine wrote a book called, “Great Mondays – How to Design a Company Culture Employees Love.” First of all, many of us don’t love Mondays as much as the rest of the [...]
During the last downturn, I remember a cartoon from the Harvard Business Review by Bob Vojtko showing two guys looking at a single sheet of paper saying, “we are able to cut our marketing budget [...]
On November 4th 2020, every human awoke with something in common (other than the gift of breath): we all know a friend, a loved one, an acquaintance, colleague, or client who feels and/or believes [...]
The first three quarters of 2020 were definitely ones for the history books. Heading into 2020, there seemed to be an optimistic feeling toward economic growth. Conversely, being an election year, there was also a [...]
