A high-level shake up supports credit union success
In the past 10 years, TwinStar Credit Union($1.5B, Olympia, WA) has more than doubled in asset size. It also has added 55,000 members and crossed the state line into Oregon. But as [...]
News Archives
Coronavirus: How your credit union can make a difference
COVID-19! Coronavirus! Pandemic! Bear market! Breathe. In a well-ventilated and cleaned area. Away from everyone else. Now wash your hands. Whew. You’re exhausted from it all. I get it. We all get it. And [...]
You asked us tons of questions about the coronavirus. We’re answering them.
As the coronavirus pandemic spreads around the world, hundreds of our readers across the nation have asked us questions about COVID-19. To answer many of your concerns – What are the symptoms? How should you prepare? [...]
Strategies for continued loan & deposit growth in spite of a potential recession
In a 2019 National Association for Business Economics survey of economists, 72% of respondents predicted a recession would occur by the end of 2021. More than half said they think one will strike before 2020 [...]
4 things Gen Z should know about their student loans
As a Xennial - a cross between Gen X and Gen Y (I swear it's real) - I can thankfully say that student loans are in my rearview mirror. Gen Zs however, are just starting [...]
Remote work must find a place in financial services
It’s almost 2 p.m. and I’m still in the running clothes I threw on first thing this morning. I haven’t run, nor have I showered and “gotten ready for the day.” [...]
Developing the right community partners for your credit union
If you were to walk into the small, rural credit union in my hometown, you’d likely notice the wall of photos proudly displaying the credit union’s long-time support of their local 4-H youth [...]
May I quote you?
April is Financial Literacy Month, the perfect time of the year to highlight this important credit union core value. Arguably, financial education is the cornerstone of credit unions’ public service that helps ensure tax exemption. [...]
NACHA issues ACH reminder to FIs potentially impacted by coronavirus
NACHA issued an Operations Bulletin this week reminding financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment processing capabilities in the event of [...]
Senators question Kraninger on QM proposal, MLA authority
CFPB Director Kathy Kraninger, while testifying before the Senate Banking Committee Tuesday, provided updates on efforts related to amending the definition of a qualified mortgage (QM) and potential expiration of the government-sponsored enterprise (GSE) patch, [...]
NextGen Know-How: The power of follow-through
In February 2016, I was in Scottsdale, Arizona, for a week of training with my mentor, Jack Canfield. Jack was sharing his principles for success, and in one segment, he facilitated a session on the [...]
Why manufactured home loans should be a part of your affordable lending strategy
The housing shortage continues to plague the market. Many credit union members need affordable housing options, yet few exist. These members are stuck with increasing living expenses, a need to save for a down payment [...]
FFIEC updates pandemic planning guide
A little while ago, NAFCU blogged about the NCUA’s business continuity planning guidance and the Federal Financial Institutions Examination Council’s (FFIEC’s) 2007 Pandemic Planning Guidance. In light of the spread of Covid-19 [...]
10 top tips to develop young leaders
On oversized Post-It Notes in board rooms all over the country you’ll often see something about the need to develop young leaders. But as the old Scottish proverb goes, If wishes were horses, beggars [...]
3 more smart ways to use your tax refund
Last week we talked about three great ways to use your tax refund. While your retirement and your kids’ educational future are important, they’re not things that are making a difference in your life [...]