Paying your college tuition bill
Getting ready to head off to college is an exciting time – so exciting that you may be focused more on furnishing your dorm room than on paying your first…
Syndicated
90 years (and counting) of credit union service
The Federal Credit Union Act was signed 90 years ago this week, a milestone that marks generations of service to members, families, and businesses. Congress granted credit unions powers and…
4 financial tools to help your account holders manage money better
In the dynamic world of digital banking, financial tools serve as a backbone, revolutionizing the way individuals and businesses manage their finances. Digitalization has ushered in multiple tools that make…
Redefining disaster preparedness and financial security
In many ways, life is imitating art, as artificial intelligence’s (AI) real-world applications are proving to be even more transformative than our wildest fantasies. And while we haven’t colonized Mars…
US manufacturing mired in weakness; prices paid gauge hits six-month low
U.S. manufacturing contracted for a third straight month in June and a measure of prices paid by factories for inputs dropped to a six-month low amid weak demand for goods,…
SCOTUS overturns Chevron doctrine for federal rulemaking
The U.S. Supreme Court Friday overturned the “Chevron doctrine” that has guided courts’ review of challenges to federal agency actions for decades. Chevron—which stems from a 1984 Supreme Court decision—gave…
Nine best practices as banks’ online and app customer experiences converge
The customer experiences major banks offer on websites and mobile banking apps are converging, not only in look, feel and function, but also via omnichannel approaches to customer support and…
The biggest US banks are more vulnerable than they were last year, Fed’s stress test shows
America’s biggest banks are well positioned to survive a severe recession while continuing to lend to households and businesses, the Federal Reserve said Wednesday in its annual bank resilience test,…
US inflation cools in May, boosting hopes of Fed rate cut
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing the…
Let data be your compass
When you know where you’re going, it becomes easier to navigate the unknown. Right now, many credit unions are facing challenges that linger from last year. Pressures from inflation, interest…
No credit union is too small: The journey towards digital access and community cooperation
The role of credit unions and their impact extends far beyond balance sheets and transactions. They have the power to transform lives, yet they navigate twists, turns, and unexpected detours…
Credit unions better serve consumers living paycheck to paycheck, combat financial deserts
Credit unions consistently serve a higher share of households living from paycheck to paycheck than banks, America’s Credit Unions Head of Emerging Issues and Deputy Chief Economist Curt Long explains…
Nearly 60% of college students have considered dropping out because of money
College students are so concerned about affording their education that they’re considering dropping out in droves. About 60% of current students said they have considered calling it quits on their…
The psychology of overspending
Money doesn’t buy happiness, so why do we treat it like it does? We’ve all done it. We buy something we think will make us happy. Sometimes it brings us…
3 ways to be borrower-focused & risk aware
It’s getting more expensive every year to insure a vehicle, with the recent average premium tipping towards$1,800/year. High monthly loan payments, plus auto insurance premiums, place financial strain on borrowers,…
It’s not too many meetings. It’s a preparation thing.
How often have you said, “I’m in too many meetings,” or thought, “This meeting could have been an email”? What causes people to feel like this? Of course, a variety…
Markets are adjusting to stubborn inflation. Election noise could spoil the calm
It’s been smooth sailing for stocks in 2024. The S&P 500 has gained nearly 15% and has been on a steady upward trend for the past two months. Treasuries have…
Connecticut credit unions finalize 2025 merger plans
Nutmeg State Financial Credit Union in Rocky Hill and First Bristol Federal Credit Union in Hartford said this week that First Bristol members approved the merger of the two institutions.…
CU-bank deals on pace to shatter all-time record volume
Few issues raise the ire of community bankers as much as credit unions buying banks. And with the halfway mark of the year right around the corner, 2024 is on…
US weekly jobless claims drift lower
First-time applications for U.S. unemployment benefits drifted lower last week, which could allay fears of a material shift in the labor market. Initial claims for state unemployment benefits dropped 6,000…
Credit union supporters win Tuesday in CO, NY, SC, and UT
Credit union-supported candidates saw success in Tuesday’s elections in Colorado, New York, Utah, and South Carolina. America’s Credit Unions PAC and state Leagues supported 34 candidates, with one loss and…
Are you saving money in the right place?
If you’re working toward a savings goal, you have many options for where to put your cash. Savings accounts, certificates of deposit (CDs), money market accounts, cash management accounts and…
Developing an intentional culture with guest Bill Partin
I had the immense pleasure of sitting down withBill Partinfor this episode. Although briefly retired, Bill is the CEO ofSharonview Federal Credit Union, and his journey from a brief retirement…