The NAFCU compliance team receives many questions about Regulation B’s adverse action notice requirements. Adverse action notices were included in the National Credit Union Administration’s (NCUA) 2019 supervisory priorities, and the NAFCU compliance [...]
An overwhelming 96% of banking executives plan to either maintain or increase their technology budget this year, with 64% spending more, according to CSI’s 2020 Banking Priorities Survey. Even with financial institutions doubling down [...]
Virginia Credit Union($4.3B, Richmond, VA) had to slam the door on in-person classes when COVID-19 came calling, but the Old Dominion cooperative was ready to roll online. Quickly switching to an all-virtual class [...]
Thank you for tuning in to episode 86 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by our friends at PSCU. As the [...]
According to data from the U.S. Bureau of Labor Statistics, approximately 40% of U.S. families include children under the age of 18. With employment rates of the heads of households of those families [...]
I serve an international organization that has been a bridge across borders, across oceans and across ethnic, racial, cultural, and religious identities for nearly fifty years. Since the death of George Floyd, we ask, “have [...]
After a storied 107 year history, including a whimsical song, “In My Merry Oldsmobile” where Johnny Steele courted his girl, Lucille, in his new Oldsmobile, the brand fell to the ash heap in 2004. For [...]
CUNA continued its strong opposition to a recently announced Fannie Mae and Freddie Mac fee increase for certain purchased refinanced mortgages. CUNA President/CEO Jim Nussle wrote to Federal Housing Finance Agency (FHFA) Director Mark [...]
The NCUA Thursday released a Regulatory Alert for credit unions to provide guidance on the CFPB's Small Dollar Lending Rule. The rule, finalized last month, includes the rescission of mandatory underwriting requirements – including ability-to-repay (ATR) [...]
Over the past year and a half I’ve talked to a lot of people about podcasting since starting The CUInsight Experience podcast. A couple questions I get asked most often are what hacks do [...]
Your credit union is in the business of providing financial products and services to its members — so why should your team worry about financial education? At Zogo, we believe financial education should be a critical [...]
We are living in some very uncertain times; things are literally changing from minute to minute in our world due to the coronavirus pandemic. It can often feel as though you are not sure which [...]
n this month’s episode, we’re excited to explore how your credit union can measure its impact in a meaningful way, and how doing so can help you win over new members and gain [...]
The coronavirus pandemic changed life as we know it, essentially overnight, from the way we do business to the strategies and plans we had put in place at the beginning of the year. This is [...]
In a previous blog, “How COVID-19 Has Elevated the Role of Debit and Checking,” I shared my perspective on the stunning growth of debit cards and their underlying performance factors, and how checking is once [...]
