News Archives

Crafting a purpose-driven brand

Crafting a purpose-driven brand

For Mennonite Savings and Credit Union (MSCU), a faith-based fi­nancial cooperative headquartered in Ontario, Canada, a new name held the hope of con­necting faith and values with finances for more families and businesses [...]

Credit union super power reminder – the HUG!

Credit union super power reminder – the HUG!

Let me start this article on credit union superpowers by making a respectfully low bow to Stan Lee and Malcolm Wheeler-Nicholson, founders of Marvel and DC comics respectfully. Both Lee and Wheeler-Nicholson delivered the chassis [...]

Senate bill would remove outdated CU board duties

Senate bill would remove outdated CU board duties

Sen. Thom Tillis (R-N.C.) and Richard Burr (R-N.C.) introduced a credit union governance modernization bill Tuesday, the result of direct engagement between the legislators, CUNA and the Carolinas Credit Union League. This is [...]

America Saves Week: Summit CU inspires savings with competition

America Saves Week: Summit CU inspires savings with competition

As part of America Saves Week, NAFCU is highlighting the efforts of member credit unions with strong financial education programs that encourage members to save and strengthen their personal finances. Today, learn how Summit Credit [...]

‘Lightning’ sessions highlight cutting-edge providers

‘Lightning’ sessions highlight cutting-edge providers

The Exhibit Hall at the 2020 CUNA Governmental Affairs Conference included a new attraction: “Lightning” sessions featuring cutting-edge offerings from providers. These seven-minute presentations highlighted everything from data analytics to mobile apps to member verification [...]

The betrayal

The betrayal

NCUA’s sale of 4,500 credit union members’ loans secured by taxi medallions to a private equity firm is a betrayal of everything the credit union cooperative system represents. Credit unions were founded to [...]

Avoid compliance uncertainty with guidance and best practices

Avoid compliance uncertainty with guidance and best practices

On January 24, 2020, the Consumer Financial Protection Bureau issued a new policy statement designed to clarify how it will define, supervise and enforce “abusive” standards under the Dodd-Frank Act going forward. When Dodd-Frank was [...]

Are you prepared for diversity legislation?

Are you prepared for diversity legislation?

There is a new narrative emerging from Congress about the lack of diversity, equity and inclusion (DEI) in financial institutions. Just a few short weeks before credit union advocates made their biggest descent on Washington [...]