Platform “ecosystems,” once the exclusive domain of key direct-to-consumer players like Amazon and Google, are set to have a significant impact on retail banking institutions. Banks and credit unions need to create platforms in order [...]
Making a budget is a breeze. Sticking to it, now that’s a different story. If you’ve never felt the need to budget until now, you’re definitely going to discover some weak spots [...]
Total losses resulting from auto accidents have been steadily rising over the past few years due to economic variations and market changes. Improved employment, inexpensive gas prices and mobile lifestyles have led to people driving [...]
Welcome to the CUInsight Minute, sixty seconds from our Publisher & CEO Lauren Culp with the top three of our favorite things from the week. Mentioned this week: NCUA rule changes with fidelity bonds by [...]
While we all have 24 hours in a day, some of us know how to use that time better than others. Let’s hack into those 24 hours and see if we can't get more [...]
Ed Callahan used to say that the answer to all credit union strategic questions can be determined by first asking “What is best for the members?” It was excellent advice then and it is now. [...]
While credit unions support efforts to rein in high-cost loan products that aren’t consumer-friendly, it warned against overly prescriptive rules that could hamper availability of safe and affordable credit union products. CUNA wrote to [...]
Continuing NAFCU's credit union priorities push for the new year, association President and CEO Dan Berger and Vice President of Legislative Affairs Brad Thaler were on Capitol Hill Wednesday to meet with credit union champion [...]
While he’s most famously known for saying “None of us is as smart as all of us,” best-selling author Ken Blanchard penned another quote that’s always been a favorite of mine: “Feedback is [...]
One expert is warning extending auto loan terms could be even riskier in 2020 should depreciation rates on used cars return to more normal levels, putting borrowers even deeper into negative equity. Anil Goyal, executive [...]
Strategic planning is one of my all-time favorite activities. There is nothing better than getting management teams and boards offsite, out of their routines, and thinking about the future. As an entrepreneur, I live in [...]
Cyber crime is a clear and present danger. Most, if not all, organizations take precautions to avoid loss from traditional robberies or theft, but may not give cyber security a second thought. However, getting hacked [...]
How many people attend your credit union or bank’s strategic planning session? Ten? Twelve? More? Regardless of the number of voices, have you ever paused to really consider just how many are actually heard? [...]
There’s nothing artificial about the intelligence First Financial Federal Credit Union($1.0B, Lutherville, MD) is applying to the new loan decisioning solution the credit union has created in-house. The Baltimore-area cooperative is applying [...]
Recessions, though normal, are never welcomed. A recession is defined as an economic decline that lasts at least six months. Usually, they’re accompanied by images of doom and gloom. People often think they will [...]
