Former teller admits to embezzling $165,000
A former teller at the $121 million West Virginia Federal Credit Union in South Charleston will be sentenced in January after admitting in federal court that she embezzled $165,500, the state’s U.S. [...]
News Archives
Disaster relief – The credit union way
On July 9, 2019, the five-county area surrounding Kearney, Nebraska experienced unprecedented flooding. The flooding affected several Trius Federal Credit Union members, employees and even one of their branches. Being proactive, Trius immediately went to [...]
Avoid the frustrations of fear-based planning
It’s estimated that 90% of companies fail to execute their strategic plans successfully. With statistics like this, it’s not surprising that only 2% of leaders surveyed express confidence their organization will achieve 80-100% [...]
Six steps to a more innovative credit union
The credit union industry is changing, whether we like it or not. We speak with members over social media. We automate tedious processes. Some of us are experimenting with AI. These technology trends are going [...]
Philanthropy’s role in the credit union
Credit unions have an important role in the community in which they reside, and their identity is often associated with a certain organization, entity or field of employment that has a recognizable presence. Organizations such [...]
Why community financial institutions make perfect fintech partners
Who really wants to stand in line to conduct simple transactions in a brick-and-mortar bank that is only open to fit the lifestyle of retirees? Almost any major financial transaction from financing a car to [...]
3 things to know if your mortgage is sold
If you’re a new homeowner or thinking about buying your first home, be ready for change. Owning your own home is a lot different than renting. If you were previously in an apartment, you [...]
25 ideas for managing in turbulent times
I recently read the book Make Big Happen: How to Live, Work, and Give Big, written by CEO coach and author Mark Moses. He suggested that leaders need to focus on four questions to achieve [...]
What is your professional legacy?
What does it take to be the BEST employee? Does it take hustle? Early mornings and late nights only to turn around and repeat the next day. Does it take speed? If you pump out [...]
You’re not the New York Yankees!
At a recent conference, focused on digital transformation and customer engagement, I was impressed by both the roster of speakers and the discussions among the participants, including their reactions to the thoughts and suggestions proffered [...]
CUNA, Foundation part of NCUA’s diversity, equity, inclusion summit
CUNA Senior Policy Analyst Samira Salem and National Credit Union Foundation Chief Financial and Operations Officer Hannibal Brumskine will join more than a dozen other credit union leaders Nov. 6 for a summit on diversity, [...]
Top 5 compliance issues of September: Supervisory Committee Guide, Truth in Lending
NAFCU's award-winning compliance team works daily to offer compliance assistance and services to keep credit unions' informed of the ever-changing regulatory environment. Each month, the team answers hundreds of compliance-related questions from NAFCU members and [...]
Loan Zone: Why SBA lending may offer growth prospects for credit unions
Business borrowers really like credit unions—when they use them. In fact, credit unions have some of the highest business-borrower satisfaction rates among all types of lenders, according to the Federal Reserve’s latest Small [...]
Organizations ask Supreme Court to invalidate CFPB’s actions
If the structure of the CFPB is unconstitutional, as the Trump Administration admits, the agency’s enforcement actions since it was formed should be invalidated, a payday lender contends. All American Cash Checking and Mid-State [...]
Financial sector’s work on SAFE Banking Act shows together, everyone achieves more
The U.S. House of Representatives took an historic vote on legislation to make it easier and safer for cannabis businesses – and the businesses that serve them – to engage in the mainstream financial services sector. [...]