Across all industries, organizations are responding to consumer and investor concerns about sustainability and emissions standards. In financial services, regulators are even urging institutions to assess climate-related financial risks. In…
This started as a LinkedIn post. However, as I kept adding explanations, it became obvious…this is an article. As an industry, credit unions need to understand what is and isn’t…
Greetings, Compliance folks! The joy of the holiday season is upon us – decorations adorn most buildings, holiday music is playing in stores, and kids (including my own) are eagerly…
People are still joining credit unions. That’s one of the main takeaways from the NCUA’sQuarterly Credit Union Data Summary for the third quarter of 2022, issued by the agency last…
When it comes to influencing policymakers in Washington, DCUC is constantly on the move. Even though much was accomplished in 2022, we’re already looking ahead to next year. And if…
Total loans outstanding in federally insured credit unions increased $235 billion, or 19.2%, over the year ending in the third quarter of 2022, to $1.46 trillion, according to NCUA's latest…
Total consumer credit rose 6.9 percent at a seasonally adjusted, annualized rate in October and is up 8.1percent compared to a year ago. Revolving credit – primarily credit cards –…
Credit unions tend to lend more than banks during times of crisis, as they are driven by their mission of continuing to support their communities. For example, during the pandemic,…
I’m inside credit unions and community banks a lot. All year long, coast-to-coast, small institutions, large institutions, simple and complex. One common question I’m often asked regardless of the size…
CUNA, American Association of Credit Union Leagues (AACUL), and Leagues gathered in Charleston, S.C., this week for AACUL’s winter meeting. It was a great gathering of credit union leaders, all…
Transaction fraud continues to be a top risk for financial institutions across the country. We are back with our fraud expert and Allied Solutions Vice President of Risk Consulting, Ann…
In my previous quarterlyprojections, I called for a recession to possibly begin as soon as the fourth quarter of this year (current quarter) and is more likely to occur in…
Over the years, I’ve written a lot about the concept of “purpose” – for example, how to find your organization’s purpose and how to ensure it is what drives you…
CUNA supports the Consumer Financial Protection Bureau’s (CFPB) inquiry into the tech companies’ payments practices and strongly encourages the bureau to carefully examine and regulate these entities moving forward,it wrotein…
NAFCU President and CEO Dan Berger, Senior Vice President of Government Affairs Greg Mesack, and Vice President of Legislative Affairs Brad Thaler were recognized as top 2022 association lobbyists byThe…
Financial institutions are in the business of taking calculated risks, but it is the responsibility of the asset/liability committee to measure and manage those risks—and to ensure the institution is…
Bloomberg listed “behavioral scientist” as the top job of this decade because it’s so important to understanding human behavior as it relates to our daily habits, 99% of which are…
The youngest generation (Generation Alpha) to the oldest living (Silent Generation), and every generation between, have vastly different financial needs and expectations. To reach and connect with your current and…
Over the past few years, the car industry has been hit by multiple disruptions due to supply-chain issues and lack of inventory. Regardless, people still are buying cars, and they’re…
Banking trade groups this week panned proposed changes to the CDFI program—joining credit union associations in saying the rule would severely harm existing CDFIs. Michael Emancipator, vice president and regulatory…
Our battle with gas prices has been among the most eye-catching topics since the cost skyrocketed in the first half of 2022, ultimatelytopping $5.02per gallon on June 18. In some…
CUNA President/CEO Jim Nussle and Deputy Chief Advocacy Officer Jason Stverak were named amongThe Hill’stop lobbyistsfor 2022. Nussle and Stverak were commended for demonstrating, “a track record of success in…
Sens. Alex Padilla, D-Calif., and Kevin Cramer, R-N.D., have introduced S. 5183 that would continue Central Liquidity Facility (CLF) enhancements by allowing corporate credit unions to purchase CLF capital stock…
The holiday shopping season is upon us, and millions of shoppers will be gravitating toward buy now, pay later, if they haven’t used it already. This comes as no surprise…