The events of 2020-2021 accelerated the digital transformation of the financial industry. 2022 saw geopolitical volatility and economic uncertainty challenge conventional wisdom. A consumer banking industry famously resistant to digital…
Like many other industries,digital transformation in credit unionshas completely altered how business is conducted. In order to stay competitive, credit unions must have a digital marketing plan that makes sense…
Federal agencies released their latestUnified Rulemaking Agendathis week with several items of concern to CUNA. The agenda includes actions the agencies plan to take in the near or long term…
Total vehicle sales fell slightly from 14.1 million annualized units in November to 13.3 million annualized units in December, with monthly sales levels up 4.7 percent year-over-year. NAFCU Economist Noah…
Two of the cornerstones of the credit union movement are a focus on community involvement and providing equitable financial services. Credit unions were created to serve local communities, especially those…
CUNA, Leagues, and credit unions visited Washington, D.C., this week to welcome the members of the 118th Congress. We worked hard to ensure a credit union friendly majority in this…
Oh my indeed! These three words are simple to understand on the surface, but they’re as deep as an ocean once you put them into practice. You might be thinking,…
For many financial institutions, outsourcing critical and time-consuming collections efforts is key to saving money and reducing the strain that comes with hiring talented collections teams, especially in a historically…
Consumers enjoy having a wide array of choices at their fingertips, from streaming the latest shows or movies on demand, to ordering whatever food option they are craving — the…
We’ve just completed the first official week of 2023 and now is the time to refine your leadership resolutions as we look forward to another successful year. Around this time,…
CUNA, Leagues, and credit unions welcomed members of the 118thCongress to Washington, D.C., Wednesday with a welcome reception at the U.S. Capitol Visitor Center and visits at Capitol Hill offices…
Federal agencies, including the NCUA and CFPB, released their fall 2022 regulatory agendas Wednesday. There are several NAFCU and credit union advocacy priorities included among the items, some of which…
Listen—I’m a Michigander who happens to like the Yankees thanks to a fondness forYogi-ismsand a family connection to Mickey Mantle-era second baseman Bobby Richardson. It wasn’t going to take much…
Creating a dynamic and fluid strategic plan that can be changed to meet new conditions will allow credit unions to succeed in the future. “Technology is moving at an exponential…
Next-generation payment methods such as account-to-account transfers and digital wallets are gaining traction in the U.S. as well as globally. Their growth comes at the expense of credit cards and…
Through the first half of 2022, U.S. credit unions opened 12 net new branches, addingto the net 46 branchesopened in 2021. Meanwhile,U.S. banks closed 2,927 branches in 2021, a trend…
Your credit scores are calculated using information in your credit reports, so it’s normal to see your score change as lenders provide updates to that information. A slight drop in…
The Foundation’sDE programis celebrating its 40thyear, and the impact its teachings can make on the individuals who go through the program is stronger than ever. At Ent Credit Union in…
Dave Girouard, Co-Founder & CEO at Upstart, believed that young people were "potential rich yet cash poor"—and that dynamic caused them to make poor financial decisions for themselves and the…
CUNA Deputy Chief Advocacy Officer Jason Stverakappearedon theLive Richerpodcast recently to discuss the many negative effects that come with the Credit Card Competition Act. CUNA, Leagues, and credit unions prevented…
NAFCU’s advocacy team was on Capitol Hill Tuesday as the 118th Congress convened to talk with new and returning members about credit union priorities. Of note, the team met with…
WhenNusenda Credit Unionin Albuquerque, N.M., announced the addition of four new partners to its Co-op Capital initiative in November, it marked the further development of a lending program that builds…
Across North America, credit unions are considering financial education programs to meet a growing demand for financial knowledge from their employees and members. Factors such as extended life expectancy, fintech…
Credit unions are facing significant pressure from competitors and evolving member expectations, but they are also ideally positioned tosupport members and deepen relationships during uncertain economic times. I recently spoke…