Who’s hooked more on credit cards and other plastic, U.S. consumers or their banks? A key conclusion of the Capgemini World Payments Report 2025 is that many banks have a…
The Federal Reserve’s interest rate cut last week has given prospective homebuyers something to celebrate: lower borrowing costs. The half-percentage-point cuttook rates off a 23-year high, where they’d been for…
Both chambers of Congress are in Washington, D.C., this week with one week to go until federal government funding expires Sept. 30. House Republicans unveiled legislation Sunday to fund the…
DCUC’s Advocacy Reimagined is an exciting new initiative for the Council, marking a significant expansion of DCUC’s advocacy efforts in both our Nation’s capital and beyond. As you are aware,…
Retirement plan sponsors are the first, and most important, line of defense in providing employees with well-managed retirement savings plans.However, they face significant challenges in the form of excessive and…
TheNational Credit Union Administrationapproved a final rule allowing people with convictions for certain minor or older offenses to work in the credit union industry without applying for the NCUA board’s…
The 2024 primary elections are now complete, with credit union supporters winning 99% of their primary elections with 326 out of 329 primary races (including 43 open seats). America’s Credit…
There were 5.5 million applications to start new businesses in 2023, according to the U.S. Small Business Administration. That same year, the credit union movement started just two. Back when…
Have you ever been out to dinner with a friend, and after finishing off a leafy green salad, your friend turns to you with a wide grimace showing off their…
Many banking executives might believe that near-zero interest rates are normal. They also might believe a return to near-zero rates would mean a return to large deposit volumes at low…
First and foremost, I want to thankeach of you for your steadfast commitmentto delivering the finest financialproducts and services to our Nation’s servicemembers, veterans, and their families.Your dedication is why…
There are many measures that summarize banking performance, but in terms of the immediate effectiveness of a financial institution, one of the most insightful measures is the efficiency ratio. Whereas…
The pace of consolidation in community banking has accelerated since 2020, as a confluence of factors continues to pressure small financial institutions. The recent period has brought (1) shifts in…
The credit union tax status was not mentioned during a Senate Banking Subcommittee on Economic Policy’s hearing on the effects of tax reform Wednesday. America’s Credit Unionswrote to the committee…
The financial services industry isn't exactly known for its electrifying brand personalities. You’ve all seen them – the stock photo families holding hands in front of a house, the generic…
The Federal Reserve slashed interest rates by a half percentage point Wednesday and charted a course for two additional cuts this year followed by four more in 2025. The action…
In the mid-2000s, as a leader at a credit union, our executive team would annually travel offsite with the board of directors for a retreat to review and refine our…
In the world of marketing, diving straight into creating strategies and campaigns without fully understanding the financials of the credit union is like setting sail without a map. For any…
You have worked hard to maintain your position in the race for your borrower’s loyalty. Don’t fall behind. Make sure you are taking effective steps to propel your financial institution…
The interest rate for the most popular U.S. home loan fell last week to its lowest level in two years, on anticipation the Federal Reserve will start cutting interest rates…
As the Senate Banking Committee prepared for today’s hearing on the impacts of 2025 tax reform, the decades-long, proven value of thecredit union tax status headlined an op-edby America’s Credit…
It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than four years — a moment that could prove decisive to the finances…
Two Houston-area credit unions plan tomergeand form an institution with nearly $5 billion of assets. Lake Jackson-based TDECU plans to merge with Space City Credit Union in a transaction to…
Investors are growing increasingly confident that the global economy can achieve a soft landing, in which inflation retreats without a large drawdown in economic activity. In Bank of America's August…