Many industries are experiencing an interesting shift toward flatter organizational structures. The financial services sector is no exception. With fewer levels of hierarchy, the thinking goes, there is more room…
As a credit union leader, it can be easy to become complacent when things are going ok. We’re comfortable. We know what to expect. The problem with the known is…
A charge-off on a credit report is a negative item that appears on an account when a creditor writes off an unpaid debt as a loss. When a borrower fails…
Social media is a shifty animal. It’s constantly changing. If it were in a zoo, the researchers would have no idea what to do with it. But shifty or not,…
Since it is probably illegal to break a tie by cage match, credit unions need other ideas to employ when a board of director election ends in a tie. Feeling…
Technology is revolutionizing the world. With continuous iterations of tools and processes, people juggle between implementing with careful consideration and jumping head-first into large-scale digital transformation projects. How can banks…
Advancements in machine learning and artificial intelligence (AI) have led to the emergence of revolutionary technologies, such as generative AI. At Laserfiche, we believe that generative AI has the potential…
The Credit Union League of Connecticut praised the State Legislature for its overwhelming approval Tuesday night of a bill making financial literacy education a requirement for all seniors graduating high…
In recognition of National Homeownership Month, the NCUA willhost a free webinarto discuss federal government efforts to combat bias in home valuations and increase opportunities for homeownership. The webinar –…
While no two credit unions are alike, there is one thing they all have in common: challenges with recruiting, retaining, reskilling and replacing staff. Attracting qualified talent is a top…
Randy Romes embraces the Boy Scout motto when it comes to cybersecurity: Be prepared. “We need to be ready physically and mentally, and practice and be accomplished with the right…
Allied’s Senior Vice President, Client Experience and Risk Management Services Anne Holtzman joins the podcast to talk about why CPI is such a hot topic. Anne covers what she’s been…
Author Ray Bard once said this about the success of organizations: “Every dazzling success is made from four components, and everyone, everywhere has the first two.” Bard says the first…
Technology is an integral part of how financial institutions operate and provide account holders with the products and services they need, in fact, IT services can account for as much…
USSFCU, earlier this year, made a significant announcement that caught the attention of its members and the banking industry as a whole. The credit union revealed its plans to eliminate…
The House and Senate are in Washington, D.C., this week, with the House to consider legislation on the floor, and the Senate to consider executive nominations. The Senate Commerce Committee…
New data from the Bureau of Labor Statistics revealed 339,000 jobs were added in May, with a slight increase in the unemployment rate from 3.4 percent to 3.7 percent. “The…
Congress passed a bill to raise the federal debt ceiling and avert economic disaster. President Biden is expected to sign the bill shortly. CUNA’s analysis conclusively shows that a default…
In a recent CU Labdiscussion with President of NAFCU Services Randy Salser, we discussed the state of auto loan collateral. We discussed some of the intense challenges credit unions face…
Big recession? No recession? Rising cost of funds? Regardless of what’s happening in the environment, building a more efficient organization brings big benefits, including cost control, and better employee and…
The Consumer Financial Protection Bureau (CFPB) announced astipulated final judgment and order(judgment) with Citizens Bank, N.A. (Citizens Bank) for violating Regulation Z’s credit card error resolution provisionsfollowing aJanuary 2020 compliant(complaint)…
In an era of digital convenience, payment apps like PayPal, Venmo, Cash App, and Apple Cash have become increasingly popular for their ease of use and quick transactions. However, the…
Can you believe we are almost halfway through 2023? The dog days of summer are nearly here. Just like a seventh inning stretch, now is a good time to lock…
CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s May Employment Situation: “The economy added 339,000 jobs in May, which was much higher than…