The Federal Housing Finance Agency (FHFA) Monday issued its 2019 Report to Congress – outlining efforts to ensure safety and soundness within the housing market and the government-sponsored enterprises' (GSEs) financial condition, as well as its [...]
Consumer experiences and attitudes around the U.S. about COVID-19 were mixed this spring as the pandemic stretched into its second full month. Some parts of the country focused on reopening their economies in later [...]
The lenders at Randolph-Brooks Federal Credit Union ($10.8B, Universal City, TX) are in phase two of helping as many of its nearly 900,000 members as possible cope with the financial fallout of the [...]
In 2000, Blockbuster Video was approached by a much smaller company offering to sell their business for $50 million. The CEO dismissed the offer, saying the company was too tiny, too niche and losing too [...]
PSCU’s LGBTQ+ employee resource group, PSCUnity, had planned to celebrate LGBTQ+ Pride Month, which is recognized in the month of June across the world. However, amid the suffering and turmoil happening right now across [...]
Easy question for you: can consumers originate a new account at your credit union within the mobile app? I’ll bet you I know the answer and that is because the answer almost certainly is [...]
We all know many small and mid-sized credit unions find it hard to stay ahead of the curve when it comes to facilitating tech. So, when it comes to talking branding and marketing strategy, quite [...]
One of the most important exercises during a credit union strategic planning event is what we call the “transformational alignment.” After we’ve set the foundation for what the credit union wants to be, who [...]
Credit unions in Guatemala will soon have a new digital tool they can use to deliver loans to small and medium enterprises (SMEs) in just 48 hours with less paperwork, fewer transactional costs and a [...]
The realization is growing: at credit unions there is no “return to normal.” Forevermore how business is done will be different. And, a lot more technology focused. That is the conclusion from dozens of conversations [...]
The SPECS business model is designed to provide a simple, yet logical, framework to use when developing new business strategies and/or products and services for your credit union. The SPECS are also meant as [...]
The Federal Housing Finance Agency (FHFA) announced Monday it will be re-proposing the updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. According to the agency, it has determined that it [...]
The FBI released an alert to warn the public about anticipated exploitation of mobile banking app platforms as in-person access to financial institutions has been limited amid the coronavirus pandemic. “Americans are increasingly using their [...]
Like so many businesspeople, I seek inspiration to improve myself and my credit union whenever possible. Several years ago, I saw a little saying on LinkedIn that has been speaking to me on an almost [...]
Perched near the place where the pandemic came ashore, Washington State Employees Credit Union ($3.5B, Olympia, WA) has leaned on its growing ability to manage risk of all kinds as the member-owned cooperative navigates [...]
