The House Appropriations Committee Wednesday approved an FY21 financial services spending measure that includes an $11.5 million boost for the Community Development Financial Institutions program. Voting 30-22, the committee approved the bill that would [...]
A hacker has put the information of more than 142 million MGM hotel guests up for sale on a cybercrime marketplace. MGM Resorts suffered a data breach in summer 2019, but the breach wasn't reported [...]
For credit unions making plans for medium to long-term growth, the discussion often comes down to what charter gives them the most flexibility to grow? For instance, if they are a community charter, will they [...]
In our most recent post, we were encouraging boards, like the organizations they oversee, to reevaluate some of the standard practices that have always informed their business (like members no longer coming into branches). Historically, [...]
It’s not easy to face facts that, as leaders, we frequently get in our own way. How often do you do or say things that create results just opposite of what you are trying [...]
There has been a huge awakening for those banks and credit unions that lacked digital and remote options to stay operational during the COVID-19 pandemic. Those with poor online banking, mobile apps, remote deposits, loan [...]
Due to the rapidly evolving landscape, researching and analyzing various sources to compile reliable data and extract insights steals valuable strategic planning time. With so many competing priorities, it can be extremely challenging to identify [...]
Don’t invest one more dollar into marketing at your credit union until you read this: Your brand is everything and everything is your brand. Let me give you some perspective. Every month our team [...]
Cooperation is a cornerstone of the credit union movement and can be seen throughout our industry in a myriad of ways. A prime example is the incredible work your credit union leagues/associations accomplish on [...]
The only constant in life is change. That’s been said many times, many ways. Still, one of the things people are most resistant to, afraid of, and hesitant to embrace is––change. Whether you [...]
A website has been launched for credit unions and other financial institution plaintiffs to file claims in the settlement reached in the Equifax data breach lawsuit. CUNA, Leagues and credit unions are among the plaintiffs [...]
Looking to stay politically active amid the coronavirus pandemic? NAFCU is revamping its annual Congressional Caucus to a virtual event to ensure credit unions across the country can connect with lawmakers and regulators on key [...]
Going into 2020, a fairly promising economic outlook was in play, driven by two important indicators: The U.S. GDP growth rate was holding steady and the unemployment rate was trending favorably at a 50-year [...]
In our previous article, we determined that the success of your website is determined by its conversion rate. So what if you’ve done the calculations and are less than impressed with the results? We’[...]
Policymakers at the Federal Reserve, after some initial optimism that the Covid-19 slump would be deep but confined to the second quarter of this year, now seem braced for a more prolonged recession marked by [...]
