More than 121 million Americans belong to a credit union, and if you’re not in that group, it’s worth asking yourself how come. Membership at these nonprofit financial institutions has been steadily climbing [...]
Jamie Dimon tossed out a soundbite about Facebook’s Libra cryptocurrency venture at a conference, stating “It’s a neat idea that will never happen.” Dimon’s zinger was just one of a series of [...]
Pinch me! I think I’ve gone to constitutional law heaven. On Friday, the Supreme Court granted a petition to hear a case challenging the constitutionality of the CFPB’s leadership structure. In deciding to [...]
Managing your data takes work. Just because you have data does not mean it is the correct data. You must make sure that you have useful data to inform the rest of your operations. People [...]
When a member walks into a branch to discuss lending solutions, do you take their financial pulse? You should. Overall, Americans are faring better financially now than they were five years ago. However, for many [...]
Would you be surprised to learn that credit unions’ market share has been flat, hovering around 7%, for the past 30 years? If that surprises you, you’ll probably be positively shocked to learn that [...]
A few weeks ago, I attended a small credit union conference in Rapid City, South Dakota. I love going to these events not only for the networking abilities, but also for the variety of presenters. [...]
Last year, someone shared this quote from President Theodore Roosevelt with me. “It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of [...]
The House is expected to consider a CUNA-supported bill and CUNA will engage with several hearings in both chambers of Congress on topics such as affordable housing, minority depository institutions and data privacy this week. [...]
The U.S Supreme Court last week agreed to hear a case, filed by Seila Law, challenging the CFPB's single-director structure. Last month, CFPB Director Kathy Kraninger notified congressional leaders that the bureau would no [...]
Over the last few years, we’ve definitely seen evidence that millennials look at credit differently than previous generations. They have significantly more student loan debt. They have delayed taking on a mortgage until slightly [...]
Granting the NCUA power to examine third-party servicers would give the agency power it does not need, trade groups have told House members considering such legislation. House Financial Services Committee majority staff members are circulating [...]
Towards the end of last month, the Federal Reserve published their latest Consumer Compliance Outlook. This issue of the publication includes articles on change management and vendor management relating to flood insurance as well as [...]
The acquisition of Indiana’s Griffith State Bank by United Federal Credit Union($2.9B, St. Joseph, MI) made history when the $88.5 million transaction closed in January 2012 as the first purchase of [...]
Do you know why your employees stay in their roles? Do you know what supports their continued engagement in their work? If you begin answering this question with the words “I think …,” you may want [...]
