Syndicated

The jobs report for the first month of 2023 showed a very strong start to the year, with nonfarm payrolls increasing by 517,000—the most significant gain since July 2022. Michelle…

Credit Unions are already known for their personal service, but what happens when you double or triple in size — does bigger need to mean less personalization? Recently named American…

With anuncertain economic outlook, credit unions need data to determine what their members are experiencing. Economists are optimistic and pessimistic. Those fearing an economic downturn focus on: - Lower housing…

It’s easy to declare that you’re an inclusive organization. It’s a lot harder to truly achieve the diversity, equity, and inclusion our newest generation of workers crave (and insist upon).…

Data Security The new House Republican majority is tackling the thorny issue of data/cybersecurity. House Financial Services Chairman Patrick McHenry (R-NC) held a hearing aimed at examining consumer data privacy…

"Can't never did a thing." Every time we use the word "can't" we've already ruled out the possibilities of what we can and can't do. When we say "can't" we've…

CUNAwroteSenators Tim Scott, R-S.C., Mike Crapo, R-Ida., and Rep. Drew Ferguson, R-Ga., in support of their Prohibiting IRS Financial Surveillance Act. The legislation would prevent and codify opposition to the…

January marked 12 consecutive months of declining existing home sales as sales fell 0.7 percent during the month to a seasonally adjusted annual rate of 4 million units, representing a…

Interest rates have steadily risen over the last year, and theFederal Reserve just hiked them again.These steep rates in conjunction with inflation and the possibility of a recession have made…

Turning a perceived competitor into a partner is not a new strategy, but leveraging partners in the digital financial space to gain a competitive edge is increasingly urgent. Inthis episode,Curt…

This week we are honored to have the Vice Chair of the NCUA (and Maine small-town boy), Kyle Hauptman. Kyle opens up about the biggest political and economic issues that…

What are bankers thinking about when it comes to instant payments? Take a look at this infographic containing stats from a recent survey to find out:  

“Call me Ishmael.” It’s perhaps one of the most famous opening lines in literature. (Bonus points if you can name the book!) It immediately invokes intrigue. “Is your name not…

Regulatory expectations related to overdraft fees continue to be a trending topic. Now more than ever, it is imperative to re-evaluate your program strategy to avoid compliance headaches and reduce…

As we read in last month’s ALERT, the Defense Credit Union Council (DCUC) was created under the Credit Union National Association (CUNA) in 1963 with 87 credit unions serving 1,327,690…

On February 16, 2023 the NCUA issued itsfinal ruleon cyber incident notification requirements for federally insured credit unions.Compliance teams may not be feeling the pinch, but IT teams might need…

Credit union representatives from across Maine came together in Freeport to recognize the meaningful contributions their network made in 2022 to combat hunger.At a ceremony hosted by the Maine Credit…

The NCUA will host a Credit Union Capital Markets Symposium Apr. 11 at the New York Stock Exchange to share insights from top lawmakers and experts on industry hot topics…

Whether you believe used car values are declining due to high interest rates, an improving (or worsening, depending on your perspective) inventory of new cars, or a slowing economy, the…

Sekou Andrews believes in the power of words. He’ll provide the opening Ed (Filene) Talk at the2023 CUNA Governmental Affairs Conference (GAC), Feb. 26 through March 2 in Washington D.C.…

Our latest Economic Update looks at our macroeconomic and credit union forecast for 2023. CUNA Senior Economist Ligia Vado notes the probability of a recession this year has slightly decreased,…

Twenty-nine credit union leaders from across the United States were designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s signature Development Education (DE) program in…

To say the banking sector constantly changes would be an understatement. Not only do customers expect more on top of regulations becoming stricter, but financial institutions have to reinvent themselves…

Even credit unions with top-notch compliance programs are applying extra scrutiny to their operations this year. That’s because a slew of intensifying pressures warrant additional care and feeding of governance,…