Check fraud and impostors
We have discussed check fraud and concepts from the UCC here and here over the past couple of months. While the UCC does not contemplate every check fraud scenario that a credit union might encounter, [...]
News Archives
How to find those “red flags” of identity theft
It seems that rarely a day goes by that we don’t catch wind of a case of identity theft. According to an estimate by the FTC1, around nine million Americans’ identities are stolen each [...]
Why free checking still pays off for credit unions
One of the biggest competitive differentiators credit unions can leverage against big banks and fintech “challenger” banks is not a new product type or techy: it’s free checking! In 2017, 74.9% of credit [...]
4 communication errors keeping you from success
Growth and relevance in the business world require companies to adapt to trends and find new opportunities to meet their members' or customers' needs. The changes required to stay successful might be clear to you [...]
Black Friday: A real steal?
November 29th is the great day of savings this year. We all know it as Black Friday. It’s that day after Thanksgiving where just about every category of shopping goes on sale. Typically, folks [...]
You can stop a member from leaving
It’s been well-documented that acquiring new members is far more costly than growing relationships with the ones you already have. It’s just one reason that building member loyalty is a priority for most [...]
Training is for today, developing leaders is for tomorrow
You’ve probably heard the story about the employees who were riding bicycles with square tires. While they were working incredibly hard to go bump-bump-bump down the way, someone ran alongside them and said: “Hey, [...]
How PeopleDrivenCU.org used growth-driven design to quadruple leads for loans
Meet Dave Sullivan, VP of Marketing at People Driven Credit Union (PDCU). PDCU is a full-service financial institution that has been helping members and their families since 1928 and currently serves 25,000 members. Like [...]
Nominations received for the CUNA board elections
CUNA has received several nominations for its board elections. The deadline for nominations and seconds is Nov. 6. In contested elections, voting will begin Nov. 12 and close Dec. 18. Nomination information can be found [...]
Fed cuts rates for 3rd time in 2019
The Federal Open Market Committee (FOMC), as expected, cut interest rates by 25 basis points Wednesday at the conclusion of its two-day monetary-policy setting meeting. The federal funds target rate is now set at a [...]
Senate chairman introduces ‘skinny’ defense bill that deletes bank proposal
The chairman of the Senate Armed Services Committee has introduced a “skinny” version of the annual defense authorization bill; that measure does not include a contentious plan to provide banks with the same rent benefits [...]
And the first THINK 20 speaker is…
While every credit union is at a unique place in their digital transformation journey, all of us need the knowledge and tools to make the courageous choices required to seize opportunities and manage the challenges [...]
Fiscally fit kids
Since its founding over 80 years ago, San Diego County Credit Union (SDCCU) has become one of the largest credit unions in the nation, now serving a diverse community of more than three million people. “[...]
Five ways to grow your loan portfolio in a slower economy
Many economists continue to predict slower GDP growth in 2020 than the previous two or three years. This poses a potentially significant challenge to a credit union aiming to grow its loan portfolio during the [...]
8 fintech start-ups from around the world worth keeping an eye on
Earlier this year, the World Economic Forum (WEF) published its list of 2019’s Technology Pioneers. Over the past few months, we’ve taken a look at some of the start-ups that the WEF thinks [...]