Recent bank failures have cast an unfair light on smaller financial institutions. The shuttering of Silicon Valley Bank, Silvergate Bank, and Signature Bank in March 2023 left many account holders…
As a credit union leader, you value your members’ privacy and security. With nearly 78% of the population preferring to bank online vs. a brick-and-mortar branch, having a website that…
Between strategic planning, budgeting and accomplishing yearly projects…you might not have time to read the news. Still, industry news is vitally important. It contributes to your professional growth. It provides…
Saving money for just-in-case and when-your-time’s-up scenarios is smart. Life insurance and annuity products will help you and your loved ones with each. Here’s the lowdown on what you need…
If you’re struggling to keep up with your bills and loans, you have options. Depending on your loan, your lender may have a financial hardship plan available to make your…
The banking industry is in the very early days of exploring how generative AI models like ChatGPT can be applied to transform financial services. Many institutions are beginning to run…
New data from the Bureau of Labor Statistics revealed 187,000 jobs were added in August, while gains in July and June were revised down 30,000 and 80,000, respectively. NAFCU Chief…
A recent IRS policy change has sent shockwaves through the gig economy and person-to-person payment platforms. As of 2023, apps like Venmo, Cash App, Zelle, and PayPal must issue 1099-K…
We have an historic opportunity to reshape the future of credit union advocacy and representation as you consider voting in favor of the proposed merger of CUNA and NAFCU. For…
In an ever-evolving financial system, credit unions have long stood as beacons of accessibility and opportunity. And yet, across the world, 1.4 billion people wake up every day without access…
Voting is officially underway for the proposed merger of CUNA and NAFCU into America’s Credit Unions, and we encourage members of both organizations to cast your ballot before Nov. 1…
The NCUAissued three prohibition noticesin August, prohibiting the individuals previously associated with credit unions from any future participation in the affairs of a federally-insured depository institution. Violation of a prohibition…
The CUNA Lending Council announces the Next Level Executive Scholarship to allow rising credit union lending leaders the opportunity to attend the 2023CUNA Lending Council Conference, November 12-15, 2023, in…
The FedNow instant payments system creates opportunities for banks and credit unions of all sizes, facilitating new ways for them to generate revenue from both business and retail customers. But…
Recently, Alkami and Digital Credence co-hosted an online event,Digital Transformation Series: Driving Digital Engagementfeaturing expertise fromOn Tap Credit Union,United Heritage Credit Union,SRP Federal Credit Union, and industry consultancy,Digital Credence. During…
The year 2022 reemphasized the reason small-dollar lending has consistently delivered on member need over and over since the beginning of the credit union movement over 110 years ago. The…
Inpart oneof this series, we discussed the growing popularity of AI-generated content and where it lacks in terms of creativity and voice. While this AI work may seem like a…
In today's rapidly evolving financial landscape, the adoption of real-time payments (RTP) has become increasingly crucial for banks and credit unions.The RTP market size was valued at 17.57 billion in…
If a chain is only as strong as its weakest link, for most credit unions and smaller financial institutions, that vulnerability rests in the same place: their data. Members flock…
During a conversation with former African-American Credit Union Coalition (AACUC) chair Maurice Smith, CUNA President/CEO Jim Nussle and NAFCU President/CEO Dan Berger shared their vision for America’s Credit Unions, should…
In August, CUNA and NAFCU announced their intent to merge to form into a single, powerful entity – America's Credit Unions – to serve credit unions more efficiently and effectively,…
When I began my career in the accounting field over 30 years ago, I used mechanical pencils, green ledger paper (some up to 12 columns across), and an adding machine.…
For so long, new tech has been utilized by fraud artists, costing many unsuspecting victims countless dollars. Now, AI tools and strong fintech partnerships could be used to stop fraud…
When it comes to productivity (or lack thereof), it’s usually treated like a work ethic problem. A certain employee isn’t productive because they’re not diligent. So-and-so just doesn’t want to…