Simple DIYs
Money makes the world go round, and you should want to save as much as possible so you can spend it however you’d like or need. Here are three simple do-it-yourself projects that can [...]
News Archives
Subprime mortgages and the financial crisis
CUNA economists often report on the wide-ranging financial and social benefits of credit unions’ not for-profit, cooperative structure for both members and nonmembers, including financial education and better interest rates. However, there’s another important [...]
Women in leadership positions in credit unions: Seeking help is empowering!
Asking for help means you aren’t smart enough to do something yourself. Asking for help means that you are weak. Asking for help means you are in the wrong position in business. Have you [...]
The truth (and myths) about buying loan participations
Buying loan participations enables credit unions to diversify their balance sheets, more profitably deploy excess liquidity, and increase revenue. However, too many credit unions remain on the sidelines because they are uncertain if they will [...]
Registration open for largest CU advocacy event of the year
More than 5,000 credit union leaders from across the country will converge to the Nation’s capital for the 2020 CUNA Governmental Affairs Conference (GAC). The premier industry event will take place Feb. 23-27 [...]
CFPB says structure is ‘unconstitutional’
After years of lawsuits challenging the CFPB's single-director structure and calls from various stakeholders – including NAFCU – to change its governance to a bipartisan commission, the Trump administration has determined that the bureau's current structure is [...]
‘Death by a thousand cuts’
Every credit union feels the pinch of the fintech industry whether it’s the little players like Acorn or the behemoths such as Amazon. Strategy consultant Lauralee Hites outlined the challenges fintech present to credit [...]
Progressive, civil rights groups: Delay House marijuana banking bill
Progressive and civil rights groups are asking House Democratic leaders to delay consideration of marijuana banking legislation so Congress can deal with the cannabis issue “holistically.” “We are concerned that if the House approves this [...]
Want to grow your credit union membership? Do this first.
I recently facilitated a two-day planning session for a credit union, and before the meeting began, the CEO shared his primary goal with me. “If we don’t accomplish anything else in 2020,” he said, “[...]
Education about student loans is insufficient
One in four Americans take on student loan debt, and the federal options usually only cover a small portion of the full cost of college. Prime, young members are heading toward a bright future of [...]
Rules of Engagement: The five types of social media members seek most
With so much content available at your fingertips, it’s more important than ever to share relevant material on your social media channels that your followers care about. So what kind of content gets your [...]
How a $40B institution treats 2.4M members
State Employees’ ($40.6B, Raleigh, NC) might be the second largest credit union in the nation, but its localized approach to member service and network of 2,200 direct, in-branch lenders better resembles the way [...]
Financial marketers staggered by Facebook’s radical ad rule changes
Banks and credit unions accustomed to rapidly ramping up their ad campaigns on Facebook have been getting surprised with “your ads have been disapproved” emails amid the adoption of changed rules for ads concerning credit, [...]
Are all credit union members equal?
Sometimes, during in-depth business planning conversations the question, “are all members equal” arises. It’s a tricky question, and it almost always creates serious debate. For some credit union leaders, the obvious answer is yes, [...]
This 70 year old man had it going on!
There he was...a 70 year old man, just having a conversation with the other party. As I listened, I realized, he was so relatable. It’s like he could see into your soul. I [...]