A financial marketplace that allows credit unions to grow and innovate through the responsible use of artificial intelligence (AI) is vital.America’s Credit Unions shared this viewpoint and addressed support for…
Do some credit union leaders, the general press, and those charged with overseeing the public good believe the member-owners of cooperatives are idiots? I believe those who think and act…
Financial institutions face a complex array of compliance challenges, especially when it comesto managing relationships with third and fourth-party vendors. The reliance on third-party vendors for various services—from 24/7 support…
Many people don't like to think about what would happen if they or their loved ones became seriously ill or injured. However, ignoring the possibility of a health crisis doesn't…
Credit unions often remain stuck in traditional ways of thinking, slowing down their ability to innovate and keep up with modern financial expectations. Credit unions need to break away from…
Most who know me well have seen my commitment to if not obsession with, planning. Benjamin Franklin’s quote, “If you fail to plan, you are planning to fail,” inspires my…
Given how quickly the technological landscape is evolving for the financial services, credit unions in particular need to find innovative ways to meet their members’ evolving needs. In a conversation…
This week, America’s Credit Unions is monitoringfour primary electionsand will engage with regulators on various credit union hot topics. The House and Senate are both in recess, with lawmakers back…
Congress is officially in its August recess, but there’s plenty on credit unions’ to-do list, which includes connecting with legislators back in their home district to highlight credit union priorities.…
Earlier this year,a survey from Credit Karmamade quite the splash: Approximately 45% of Gen Z and millennials are obsessed with the idea of being rich, and more than 40% of…
While many banks try to appeal to everyone with generic value propositions, Tennessee-based Sonata Bank has adopted a niche approach. The bank is filling a need in the quick-service and…
In today’s rapidly evolving financial landscape, consumers’ interaction with their primary financial institution is undergoing a dramatic change as consumers shift from banking in branches to conducting transactions digitally. This…
Bonuses are on track to rise once again for some Wall Street bankers as a dealmaking revival in 2024boosts profits for the country’s biggest financial institutions. The biggest pay days…
A recent pullback in mortgage rates is spurring more homeowners to refinance their home loan and lower their monthly payments. The Mortgage Bankers Association’s refinance index, which tracks home loan…
So just how much bigger is Navy Federal than other U.S. credit unions? Consider this. The National Credit Union Administration posted call report data recently that showed Navy Federal had…
Since March, an America’s Credit Unions representative has testified before Congress on behalf of the credit union industry four times – the most appearances by any financial trade organization. Great…
August 8, 2024, marks the one-year anniversary of the Maui wildfires. On this day in 2023, wildfires destroyed the historic town of Lahaina and ravaged about two dozen homes in…
We hear the credit union philosophy, “People Helping People,” nearly every day. That mantra is lived out inside the walls of credit unions as they serve their member-owners. At some…
A combination of economic factors is inflating home equity line of credit balances just as a controversial Freddie Mac pilot program for purchase of closed-end home equity loans readies to…
In today’s technologically driven landscape, financial institutions continuously try to upstage each other by providing the most innovative products and features to meet the growing demands of their members. One…
Initial filings for unemployment insurance fell more than expected last week, offering some relief to markets worried about further signs of deterioration in the US labor market and the broader…
James Carville and Paul Begala, two of the brightest brains behind President Bill Clinton’s administration, authored a book that has some great insights for all leaders. Despite being political enemies…
With primaries inKansas, Michigan, Missouri, and Washington on Tuesday, credit union-backed candidates won. Several key updates to note include: In Michigan, Senate candidate Rep. Elissa Slotkin won her primary against…