Don’t pause DEI
Credit unions are more vital now than ever before. They are on the front lines, serving as a sheltering tree and a safe haven for the financial health and well-being of their members and their [...]
News Archives
5 ways to keep robbery prevention top-of-mind during COVID-19
Historically speaking, the risk of robberies and other forms of theft is greatly increased during times of chaos. Because they are diligently working to meet an increased demand for financial services and member care – all [...]
Ready for PPP 2.0?
The first traunch of the $349 billion in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL) loans earmarked for small businesses by the CARES Act was exhausted in less than six days. [...]
Nussle talks PPP rollout, CU difference with CBS News
Despite difficulties presented by the coronavirus disease (COVID-19) pandemic and accessing the Paycheck Protection Program (PPP), credit unions remain financial first responders for their members and businesses, CUNA President/CEO Jim Nussle told CBS News’ [...]
NAFCU, Treasury discuss CU concerns
Members of NAFCU's Regulatory Affairs Team Monday discussed with the Treasury Department credit union concerns regarding a number of issues, including the Small Business Administration's (SBA) Paycheck Protection Program (PPP), capital relief, and forbearances. During [...]
Good Governance: There’s no one-size-fits-all way to lead a credit union
It is not lost on me that my regular access to boards and CEOs is an unusual privilege. Beyond unusual, really. And credit unions in the U.S. have been more generous than most in [...]
Running toward relief
UW Credit Union, Madison, Wis., has partnered with former Wisconsin Badgers Football running back and NFL draft pick Jonathan Taylor to raise money for coronavirus (COVID-19) relief efforts. The $3.5 billion asset credit union [...]
Regulation D amendments and Regulation CC implications; SBA PPP reopens
It has been a little over a month since the Federal Reserve changed the reserve requirements for transaction accounts. At the time, many credit unions asked what the reserve requirement changes meant for Regulation D [...]
Six areas where you can make an impact on workplace wellness post COVID-19
The prospect of returning to work after stay-at-home orders lift can be daunting, and the question we’re asked the most is “How can I make my workplace safe for employees?” To help you navigate [...]
Does your overdraft program treat account holders like people . . . or data points?
Imagine you drive 15 miles to work every morning, to a job that demands you be on time, every time. You have two freeway options: one with a speed limit that remains constant at 65 [...]
What is A/B testing and why should I do it?
71% of companies run two or more A/B tests a month. And when you look at the benefits, it’s not hard to see why that number is so high. While your gut feeling [...]
Combating card not present fraud during COVID-19
Enticed by the ease and convenience of eCommerce, consumers have been moving their purchase activity online for years. This trend has only accelerated during the COVID-19 pandemic, as workplace closures and stay at home orders [...]
Operation Takeout: Supporting restaurants in their time of need
One month ago, the executive team at the University of Kentucky Federal Credit Union($978.3M, Lexington, KY) took stock of the changes occurring within its local community. The credit union, which is headquartered in [...]
Beyond puppies and Pelotons: Give employees a new “distraction”
It has been over a month since the first Stay at Home Orders were issued in the United States. Individuals canceled travel plans, stocked up on provisions, and prepared to shelter in place for the [...]
Community charters are dead, long live community charters!
I am going to tell you a secret I recently discovered about credit union chartering that (almost) no one else knows. Federal SEG based credit unions can serve larger communities than practically any other charter, [...]