Proper forms maintenance is a critical aspect of credit union operations, yet it is often overlooked. In this blog post, we’ll explain why maintaining up-to-date forms is essential for credit…
The National Credit Union Foundation (the Foundation) has opened nominations for the 2024 Herb Wegner Memorial Awards. The awards are the credit union movement’s highest national honors and recognize outstanding…
NAFCU Regulatory Affairs Counsel Dale Bakersent a letter to the CFPBoutlining concerns about recent notices from the bureau to credit unions that some data in Home Mortgage Disclosure Act (HMDA)…
Though the financial sector will see many trends come and go, people and businesses of all sizes will always have to pay their bills. And though that will never change,…
For the first time in years, the economic environment is forcing credit unions to aggressively compete to attract deposits. Add to this economic backdrop the recent bank failures triggering a…
If you discovered your credit union members had borrowed $6 million in payday loans—in just six months—accruing $900,000 in fees in the process, what would you do? This was precisely…
In a recent webinar, we invited financial institutions to take a survey to reveal their concerns about fraud and real-time payments. Here are the results:
Today’s economy is not a forgiving place. With high inflation and interest rates, it can be challenging for members to manage even small expenses, let alone costly bills like auto…
Happy Wednesday! Here is a little fun fact to start your day… today is National Garden Meditation Day! Since it is still the middle of the work week, it may…
CUNA joined other financial services trade organizations Monday in making a second request that the Consumer Financial Protection Bureau (CFPB) extend the deadline for its proposed rule on credit card…
As part of the CFPB’s required review of the mortgage loan originator rules under Regulation Z, NAFCU Regulatory Affairs Counsel James Akinoffered support for the rulesas they stand and recommended…
Corporate social responsibilityis capturing greater focus across industries, especially as socially and environmentally conscious millennials and Gen Zers enter the workforce. “InDeloitte’s 2017 Volunteerism Survey, close to 70% of employees…
In recent weeks, we've seen deposits move from regional banks to colossal, too-big-to-fail institutions, as people grow increasingly concerned about their deposit safety. Is this the perfect opportunity for Credit…
Spring is here and Co-op’s SmartGrowth experts are eyeing some spending trends that are poised to blossom over the coming months. To help your credit union plan ahead and capitalize…
EBPP is a holistic approach to presenting electronic bills and accepting digital payments from consumers. The payment experience is a critical touchpoint, making it necessary to evolve along with consumer…
“The only thing standing between you and outrageous success is continuous progress.” —Dan Waldschmidt, business strategist Often during our marketing calls, a credit union leader will stress the importance of…
As we drive our daily routes, we tend to trust our memory and navigate purely on instinct and muscle memory. When a storm hits, however, tried and true routes are…
CUNA announced the appointment of Alex Catanese as its newest director of advocacy. Catanese will help manage the association’s relationships with Democrats on a variety of key advocacy issues in…
Federal Reserve Vice Chair for Supervision Michael Barrreleased findingsfrom the Fed’s review of Silicon Valley Bank’s (SVB) failure. In response to the insights, Barr said the Fed needs to strengthen…
Over the last decade, mobile banking platforms and convenient features like remote deposit capture have gradually moved the transactional aspects of credit unions away from physical branch facilities and into…
Credit Union Magazineannounced the 2023 Credit Union Hero of the Year: Amanda Merz, community impact manager at $4.6 billion assetSAFE Credit Unionin Folsom, Calif. Merz has deep ties to the…
We’ve established that I am areader. Previously I’ve shared books and other resources to celebrateBlack History MonthandWomen’s History Month. Reading helps me see how other people, both very much like…
Customers who believe their financial institution cares about their financial health are three times more likely to be “very satisfied,” three times more likely to recommend their primary financial institution,…
In recent weeks the NAFCU Compliance Team has heard from a handful of credit unions about a notice they’ve received from the Consumer Financial Protection Bureau (CFPB or Bureau) relating…