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 [...]
Ransomware has dominated recent headlines. Many government systems, businesses and schools have been affected. As a company based in Baltimore who serves the CU industry, we are all too familiar with the impact Ransomware has [...]
It’s our favorite time of the year here at the National Credit Union Foundation! We love coming to Washington, DC to attend the CUNA GAC to learn and grow from thousands of other leading [...]
We are solidly into the new year, and if your credit union is still working to finalize 2020’s marketing plan or you are already executing on one, here are five essential elements to check [...]
NCUA’s latest Letter to Credit Unions (20-03) outlines submission of 2019 Home Mortgage Disclosure Act (HMDA) data. Credit unions located in metropolitan areas that engage in certain types and volume of residential mortgage lending, [...]
Total vehicle sales increased to a rate of 16.8 million annualized units in January – up 0.8 percent from last year. Of note, strong light truck sales beat expectations and offset a decrease in [...]
When it comes to leveraging member data, 2020 needs to be the year credit unions do things they’ve never done before, says Tom Davis, making clear those efforts are not limited to just large [...]
The tech revolution in financial services continues to evolve, coaxing organizations to change and grow along with it. The new year and decade will present the industry with fresh challenges and greater opportunities. What tech [...]
The Credit Union National Association, a major lobbyist and trade association for credit unions, is recovering after its systems were knocked offline earlier this week following a “cyber incident.” CUNA, headquartered in Washington, DC, represents [...]
As digital tools become a more integral part of our daily lives, the days of doing business strictly in person are becoming a thing of the past. The best way to succeed in today’s [...]
According to a global survey of managers and executives conducted by MIT Sloan Management Review and Deloitte, close to 90% of executives anticipated that their industries would be disrupted by digital trends to a great [...]
