Most credit union employees are familiar with the cooperative principles, including Principle #6: Cooperation Among Cooperatives. Yet it seems this principle has yet to be fully realized within the credit…
Credit union lenders must be an active part of advocacy, CUNA Senior Director of Advocacy and Counsel Elizabeth Sullivan told the American Credit Union Mortgage Association’sOnPoint podcast. She stressed the…
The House and Senate were both scheduled to be in recess this week, but lawmakers are expected to return to Washington to vote on legislation to avert a debt ceiling…
From high interest rates to liquidity challenges, the financial services sector is facing its fair share ofindustry headwindsthis year—and credit unions are no exception. The good news? Despite an economic…
Before long, remote work won’t exist. It will simply be “work.” “Virtual-first work,” as remote work expert Laurel Ferrar calls it, will become so normalized that it won’t even require…
Moving forward is important, and it’s something every credit union wants to do. But it’s easy to get progress-obsessed…always looking at the next big demographic, the next campaign, the next…
Often high-performing individual contributors are thanked through promotion to a management role—for which they’ve been given no training in how to succeed! Many times, new managers are not offered training…
The partnership between Apple and Goldman Sachs has sent ripples through the financial industry. This groundbreaking collaboration brings together two global giants, each with its own unique strengths and customer…
The Iowa Credit Union League (ICUL) has formed a new partnership with Credit Union Loan Source (CULS) to bring a low-risk, high quality loan participation program to state chartered credit…
The NCUA Board met yesterday and unanimously approved a NAFCU-soughtproposed ruleto amend NCUA regulations to include 501(c)(19) veteran’s organization in the definition of “qualified charity.” NAFCU, the Defense Credit Union…
Roughly 450 finance leaders gathered in Anaheim, Calif., May 21-24 for the 2023 CUNA Finance Council Conference. Pressures on liquidity and noninterest income dominated discussion, as well as credit unions’…
This weekend we recognize Memorial Day, a time when our country comes together to honor servicemembers, both past and present. It is no secret that freedom comes at a high…
If you are trying to stay on budget, you may have heard about the benefits ofhaving multiple checking accounts. But just how many checking accounts should you have? While you…
Building an effective cross-selling program for your credit union is essential for long-term success, as it relies on the most valuable asset of all: relationships. Unlike major national financial institutions,…
The Defense Credit Union Council (DCUC) prides itself on “speaking military.” For the past sixty years, DCUC’s mission has remained centered on championing the interests of its member credit unions…
The Federal Open Market Committee (FOMC) releasedminutesfrom its May meeting Wednesday. The minutes showed economic activity expanded at a modest pace in the first quarter, but participants stressed the importance…
In December, theNational Credit Union Administrationboard issued a proposed rule entitledFinancial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unionsthat should, once finalized, make it easier for credit…
Despite the Consumer Financial Protection Bureau (CFPB) labeling courtesy pay/overdraft protection programs as “junk fees,” some of the biggest proponents of these services are members, finance leaders say. “Our members…
In service industries, a provider keeps tabs on their existing and target clients. Why? To maintain a line of sight into their client’s evolving needs and to serve them accordingly.…
You’ve probably heard that saying, “The devil is in the details.” And just as the devil can seriously mess up your life, marketing details can seriously mess up your credit…
DCUC worked with the National Association of Federally-Insured Credit Unions (NAFCU)in sending ajoint letterto the NCUA Board. In the letter, we ask the NCUA to amend the definition of “qualified…
The world of automation is fully upon us. We as humans want things faster, quicker, and cleaner, with trust in actions taken by computers. All too often, we see in…
Credit unions and business partners came together to help raise over $59,000 for Children’s Miracle Network Hospitals (CMN Hospitals) at the Credit Union Miracle Day’s Annual Charity Golf Classic. More…
New home sales increased 4.1 percent in April to 683,000 annualized units, while sales in March were revised down 27,000 units. Compared to last year, April’s sales were 11.8 percent…