Few would argue that the footprint of today’s data center at most enterprises, including financial institutions, is changing. While some still maintain a large, enclosed computer or server room, most…
In the fast-paced and ever-changing financial services landscape, the successful execution of a strategic plan is crucial to a credit union’s growth and sustainability. However, even the most well-crafted strategies…
Years ago in an interview, someone asked the legendary hockey player Wayne Gretzky how he managed to score so many points over his storied career. His answer was simple: "I…
Congress just wrapped up the final – and jam packed – legislative session before heading back to their states and districts for the August recess. While Washington, D.C., may become…
Our nation’s credit union cooperatives are more than experienced to say the least when it comes to bringing financial health and foundational wealth to local communities. Credit unions bring over…
The House Financial Services Committee advanced a resolution Thursday night to void the Consumer Financial Protection Bureau’s (CFPB) section 1071 rule via the Congressional Review Act. CUNAwrotein support of the…
For financial institutions, finding the right fintech partner is a bit like finding a partner in personal relationships. It can take a lot of trial and error to make a…
The Federal Open Market Committee (FOMC) wrapped up its July meeting yesterday afternoon, during which the FOMC elected to hike the federal funds rate target within the range of 5.25…
As summer begins to wind down and we hit the mid-year mark, it is becoming increasingly evident that the cybersecurity industry continues to experience transformational shifts. In the face of…
Criminals used to just steal money after breaking into a banking account. Now, they’re grabbing everything they can, even people’s identities. To respond to this new fraud “butterfly effect,” expert…
Many are concerned that the next few years could be financially tough for credit unions, even if we avoid recession. Tight liquidity, escalating cost of funds, inflation-driven operating expense increases…
Providing fair access to credit in consumer lending is at the forefront of all financial institutions today — and tech is here to make that possible. Through fintech partnerships, AI…
You may have heard about credit freezes and credit locks. But did you know there are differences between them? Both a credit lock and credit freeze block access to your…
Remarkable Credit Union · How to Start a Credit Union from the Trunk of Your Car The “About” pages on credit union websites are full of stories about humble beginnings—small…
Reps. Vicente Gonzalez, D-Texas, and Brian Fitzpatrick, R-Pa., introduced CUNA and League-supported legislation Tuesday to exempt loans made to veteran-owned businesses from the member business lending cap. The bill has…
Credit unions are known for their personalized financial services, not just for profit. But in recent years, they’re facing the increasing cost of compliance, specifically amid shrinking budgets. With annual…
On the surface,setting personal financial goalsseemseasy. All you have to do is think about what goals you’d like to work toward to get the future you desire. In practice, though,…
On today’s episode, we delve into the fascinating world of cryptocurrency, a rapidly growing and transformative technology. With an estimated 46 million Americans now owning cryptocurrencies, it’s clear that this…
Last week, the National Credit Union Administration (NCUA) held its July board meeting, which featured a unanimous vote by the board to approve afinal rulewhich will implement the Credit Union…
Recent bank failures in the United States have raised concerns with individuals and businesses alike. On March 10, 2023, Silicon Valley Bank failed after a bank run, marking it the…
The African-American Credit Union Coalition (AACUC), inducted seven credit union leaders into its African American Credit Union Hall of Fame Induction Ceremony during the 25th Annual AACUC Conference in Stone…
The oral arguments for the CFSA v. CFPB Supreme Court case have been scheduled forOct. 3.Earlier this month, NAFCU, CUNA, and the American Association of Credit Union Leagues (AACUL) filed…
In today's fast-paced digital landscape, credit union members prioritize speed above all else. They desire the convenience of managing their essential financial affairs effortlessly, anytime, anywhere, and on any device.FedNow,…
Much ink has been spilled over the impending decline of the branch. As consumer preferences have shifted to digital banking, both via mobile apps as well as online, conventional wisdom…