Stopping fraud before it starts
The Fraud Strategy team put all the tools to work to stop a recent large scale fraud attempt. Early detection tools empowered the team to prevent a fraud scheme that…
Syndicated
Learn some bank and credit union brand trigonometry
You probably just read that title and had horrified flashbacks to high school mathematics, but don’t worry…there aren’t any complicated equations here. Bank and credit union brand trigonometry is quite…
11 fun ideas to make your golf tournament a success
2023 saw the 14th year of the Credit Union for Kids (CU4Kids) Golf Classic, hosted by Tennessee credit unions, US Community and Enbright. Over the past fourteen years, the CU4Kids…
What’s most exciting about the new pot banking bill
Pot banking advocates are excited about what they believe is their best chance yet at a federal law that allows financial institutions to serve the marijuana businesses more easily. The…
Credit union loans outstanding increased 0.8% in August
Credit union loans outstanding increased 0.8% in August, compared to a 0.7% increase in July of 2023 and a 1.7% increase in August of 2022, according to CUNA's latest Monthly…
NCUA Board nom stresses importance of CUs remaining competitive in the marketplace
The Senate Banking Committee Thursday heard directly from NCUA Board nominee Tanya Otsuka, who has been nominated to replace current Board Member Rodney Hood as his term expired in August.…
What happens if you don’t pay your student loans?
Many people turn to student loans to finance their higher education opportunities. But once you’ve taken out these loans, paying them off can be a difficult and stressful process. If…
Healthy growth in the age of economic uncertainty
Bank collapses, recession forecasts, and rising interest rates, oh my! If there’s anything we know for certain, it’s that uncertainty is here to stay. As much as we’ve tried to…
Celebrating 75 years of International Credit Union Day
The credit union mantra of “people helping people” is needed more than ever in our world today. Whether it’s recovering from war, rebuilding after natural disasters, or simply helping communities…
Instant payments are no longer a nice-to-have. Are your core systems ready?
Consumers are accustomed to seamless, instant money movement in many of their digital interactions. Yet, lagging systems modernization at many financial institutions has created friction and opportunities for nonbank disruptors.…
The certainty of uncertainty
One of the few guarantees in life – besides taxes and hitting every red light when you’re running late – is uncertainty. There will be many times when the path…
Why Elon Musk put banking on his to-do list
Elon Musk’s interest in — some might even say obsession with — financial services harkens way back to a wad of lost traveler’s checks. In Walter Isaacson’s new biography of…
CUNA, NAFCU submit comments in advance of Otsuka testimony
CUNA and NAFCU wrote to the Senate Banking, Housing, and Urban Affairs Committee bringing awareness to critical credit union issues as it hears testimony from NCUA board nominee Tanya Otsuka.…
Beige Book suggests ‘stable but weak’ long-term economic growth
The Federal Reservereleased its Beige BookWednesday, revealing the near-term outlook for the economy was generally described as stable, or having slightly weak growth. Consumer spending was mixed, especially among general…
Credit unions worldwide celebrate the 75th annual International Credit Union Day
75 years is a significant milestone to achieve. It’s the diamond anniversary, the platinum jubilee, and the semi-sesquicentennial celebration. 75 years calls for grand celebrations, and the credit union industry…
Celebrating the 75th ICU Day
In a world seemingly dominated by commercial banks and other financial behemoths, credit unions stand as a unique and enduring pillar of financial stability and community empowerment. This year marks…
Future-proofing your credit union: Preparing for the next generation of consumers
Discussions on reaching Millennials and Gen Z have become commonplace in the finance world, but a micro-demographic group including individuals from both groups is establishing itself as a unique market…
Senate passes resolution of disapproval for CFPB’s 1071 rule
The Senate passed a joint resolution of disapproval Wednesday on the Consumer Financial Protection Bureau’s section 1071 rule. CUNAwrote in supportof the resolution, which would void the rule through the…
CFPB’s Chopra, NAFCU’s Berger, member CUs discuss issues impacting the industry
CFPB Director Rohit Chopra joined NAFCU President and CEO Dan Berger and member credit unions Tuesday for a virtual town hall discussion on a broad range of issues impacting the…
The fintech revolution and the power of collaboration
Fintech companies have disrupted the traditional banking industry in an unprecedented way. Their innovative technologies and customer-centric approaches are reshaping how financial services are delivered, prompting credit unions to explore…
Toolkit: How to use profitability modeling to power your relationship banking strategy
In early 2020, no one (least of all the largest commercial banks) expected anything but doom and gloom. Jamie Dimon, CEO of JPMorgan Chase, noted in his annual shareholder letter,…
View From the Board: The importance of leadership
Take a moment and think about your own path; surely you can identify a mentor that had an impact on the trajectory of your career. When I look back on…
Things to think about in choosing a retirement community
Retirement can include many changes, including moving to a new home. Senior living communities are growing in popularity among those in their golden years. Within a span of 50 years,…
When it comes to credit union strategic planning, just stand there
You’re squarely in the middle of a really busy season! I know what you’re thinking: when is it not a busy season in your industry? For many credit unions and…