It’s budget season for credit unions, but it’s also silly season in politics and wacky times in finance. Even the weather is off-the-charts odd, and strange growth-eating monsters are creeping over the horizon [...]
The Senate Appropriations financial services and general government subcommittee passed its fiscal year 2020 bill Thursday, a bill that funds the Treasury’s Community Development Financial Institutions (CDFI) Fund at $251 million, a $1 million [...]
The Federal Open Market Committee (FOMC) is expected to cut rates at the conclusion of its two-day policy-setting meeting, which begins today. NAFCU Chief Economist and Vice President of Research Curt Long anticipates another rate [...]
"In order to make a choice, you need the power to see there is one.” – Gloria Steinem Most of us have been in a place where there do not appear to be choices or options. [...]
Technology expert John Best provided an overview of the potential that artificial intelligence (AI) holds for credit unions during a general session at the CUNA Operations & Member Experience Council Conference in Chicago. Best says [...]
The former CBS Employees Federal Credit Union President/CEO Edward Rostohar will spend 14 years in federal prison for his $40 million embezzlement that led to the financial collapse of the Los Angeles-based credit union, [...]
The most cannabis-friendly Congress in history is back from its August recess, and lawmakers are already making key moves to advance marijuana reform legislation. The immediate focus is on a proposal to let banks serve [...]
Credit union interest is growing in offering member business loans, or MBLS, even though strict regulatory limitations still exist. The lending rules are clear, but the amount of MBL dollars available differs based on a [...]
My fiance and I just bought our first home. We decided to go with an out-of-state lender thinking we'd get the best rates and lower closing costs that way... but boy were we wrong! We [...]
For all the talk about how well FinTech start-ups are doing, I hear two regular laments from bank CEOs. First, why aren’t we valued like FinTechs? and second, why aren’t FinTechs regulated like [...]
Project management at WSECU($3.0B, Olympia, WA) has taken a sharp turn in the past year. Before the fall of 2018, the credit union would identify a new or improved product or service and, [...]
How often do you chat with a chatbot? Do you ask Alexa to turn on your lights and play your favorite songs? Does Google Assistant set your alarm clock and keep you updated on the [...]
Picture this: you’ve just been offered what looks like a fantastic contract renewal by your current vendor for credit and debit card processing, or core processing. Renewing means you’re locked in, no price [...]
We’ve all been there: The strategic planning session that opened with the intent of staying at the highest levels of conversation and found itself in the weeds the moment the discussion swung to marketing, [...]
Increasing competition from fintech companies in the traditional lending arena, decreasing profit margins and rapidly changing member preferences are driving credit unions into the digital lending space to stay relevant. Depending on where you are [...]
