Discrimination suits plague credit union
In the 21st century, it may be very difficult for most to believe that a credit union CEO would discriminate against an executive simply because of his religion. Yet that is what allegedly happened to [...]
News Archives
Grow with your members through loan participations
Credit union loan participations have increased by 61% between 2014 and 2017 as a percentage of their total outstanding loan portfolios. Listen in to understand the landscape of modern loan participations and how to evaluate [...]
An end-of-day strategy to stay effective
There are only so many hours in the day and they often seem to fly by. From meetings to email correspondence to employee drop-ins, a leader's time can quickly be accounted for without making much [...]
Your credit union’s Cinderella story
I play in a tennis league where last season I went 4-1, and this season I’ve started out 2-0. I got a backhanded compliment once (no pun intended) that I was the “largest gazelle” [...]
When it comes to life insurance, simple matters
Think about the last product or service you bought. What drove your decision? If a combination of price, speed, and simplicity was the key—with a heavy emphasis on the simple—you’re in good [...]
Cyber actors continue to exploit enterprise vulnerabilities
Exposing the Fraud Techniques Currently Favored by Cyber Criminals Cybercrime isn’t much different from traditional crime. More often than not, the motive is purely financial. That objective drives cyber criminals to continuously evolve their [...]
3 Qi chargers that won’t cost you a lot of cheddar
If you’re aware of the proper pronunciation of the name of the technology (Qi) behind those fancy wireless chargers, then the title of this article might have been good for a laugh (it’s [...]
Credit unions and their cooperative path to success
Credit unions have a clear map to success in the marketplace and it involves one simple idea: work together. It’s not new. It’s even in the Rochdale Principles - the bedrock of the [...]
Wait, what’s a chatbot again?
Chatbots are a buzz-worthy topic for all organizations, including credit unions. Members can interact with chatbots in the digital channels they use regularly, like messaging apps and smart speakers, to receive personalized service and support. [...]
2019 Market Disconnect – Deposit pricing strategy
As we enter the fall season and the 11th anniversary of the Lehman collapse, the overnight funding markets have come under stress. The common themes behind the dislocation are corporate taxes, mid-month treasury auctions, global [...]
Nominations received for CUNA Board elections
CUNA has confirmed receipt of three nominations for the 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 [...]
Big bank regulations loosened
The Federal Reserve announced this week that an interagency rule to loosen Volcker rule requirements on big banks has been finalized. NAFCU had urged the agencies to withdraw their proposed rulemaking, arguing that relaxing the [...]
CFO Focus: The economic skies are darkening
As we enter the final fiscal quarter of 2019, the skies are darkening on the U.S. economy and I believe will only get worse as the quarter progresses. Key segments of gross domestic product, [...]
California credit unions coping with the lights out
While the lights have been out for less than 24 hours at many California counties where some credit unions have been forced to close branches or offer limited services, credit unions seem to be prepared [...]
How credit unions can beat fintechs in the war for millennials and Gen Z
The accepted wisdom among many in financial services is that younger consumers — more focused on ethics and integrity generally — are more skeptical of financial institutions, and prefer to deal with (or to work for) the [...]