News Archives

Credit unions gear up for Election Day

Credit unions gear up for Election Day

Arguably the most highly anticipated presidential election in decades is finally here, and voter enthusiasm is high. Early turnout in many states has smashed previous records, and Americans have already cast 70% of total votes [...]

Leading in uncertainty

Leading in uncertainty

Welcome to the age of uncertainty, a time when there is more happening outside of your credit union then inside your credit union that can impact your success.  In this marketplace one of the greatest [...]

NCUA bans 1 from future work in FIs

NCUA bans 1 from future work in FIs

The NCUA in October issued one prohibition notice, prohibiting an individual previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution. Violation of a prohibition order is a [...]

Commit to a long-term plan for excess liquidity

Commit to a long-term plan for excess liquidity

Even if your credit union had a short-term plan for managing excess liquidity that built up in the early months of the coronavirus pandemic, it’s probably time to consider long-term strategies to bolster income [...]

This time around, it’s different

This time around, it’s different

The Great Recession and COVID-19 each convulsed the American public — but in very different ways. The most obvious is the deaths of hundreds of thousands of people from a pandemic that still rages. But the [...]

Looking ahead: Holding meetings in 2021

Looking ahead: Holding meetings in 2021

Happy November! The year 2020 is drawing to a close. That does, however, leave some burning questions for 2021. No, I’m not talking about the results of tomorrow’s Presidential election. I’m talking [...]

Who is faster?

Who is faster?

I recently had a discussion with a consultant on emerging issues and regulatory trends surrounding changes in the payments’ frameworks and technology. The changes in this area are coming rapidly—particularly with a younger generation [...]

Expenses need to be cut, but not in my department

Expenses need to be cut, but not in my department

We’re all aware that 2021 could be a lean year for earnings, given that loan losses are expected to increase, the low rate environment is expected to continue, and the unknowns seem to outnumber [...]