Ancin Cooley, principal ofSynergy Credit Union Consulting, offered attendees several “outside-the-box” job responsibilities during his general session at the2022 CUNA Supervisory Committee & Internal Audit ConferenceTuesday in Las Vegas. Four…
The uncertain economic outlook has been at the forefront of consumers’ minds throughout 2022. Despite monthly interest rate increases to help curb inflation, prices have risen across the board, leaving…
After years of throwing the CECL “Message in a Bottle” back into the ocean, the Credit Union industry now must comply and set money aside from every loan in case…
One of my favorite shows growing up was, believe it or not, Golden Girls. All four women brought different dynamics to the show. Blanche was fun, Sohpia was mischievous, Rose…
Leaders of House and Senate committees on Tuesday agreed on a FY23 defense authorization bill that does not include several high-priority issues credit union trade groups wanted addressed in the…
Credit unions are willing to make smaller balance loans that are less profitable compared to other financial institutions,CUNA wroteto the Department of Housing and Urban Development (HUD) Monday. HUD issued…
Financial services (FS) organizations of all types, including wealth management firms, insurance firms, credit unions and banks are adopting technologies to stay ahead of the game under economic uncertainty. Customer…
Total vehicle sales fell slightly from 15.1 million annualized units in October to 14.1 million annualized units in November, with monthly sales levels up 7.9 percent year-over-year. NAFCU Chief Economist…
It’s been almost a year since our country experienced a record-high number of job openings, with an estimated 11.4 million in December 2021, according to the U.S. Bureau of Labor…
Credit union supervisory committees operate within an increasingly complex environment as financial services continue to evolve, says Michael Daigneault, CEO/co-founder atQuantum Governance. During the 2022CUNA Supervisory and Audit Committee Conference,…
As the year wraps up, it’s natural to think about your goals — professionally, personally, and financially. It’s something that you and your household will want to assess and talk…
A proposed NCUA rule designed to make it easier for credit unions to expel members is still far too complicated, credit union trade groups told the agency late last week.…
Designing the “seamless”digital experiencethat financial consumers expect ironically requires a lot of attention to seams. Behind today’s smooth, enjoyable and secure transactions are thousands of threads of code, protocols and…
Businesses that have survived the pandemic are now facing inflation at a 40-year high and a potential recession. More small business owners are turning to loans for working capital to…
Your credit union needs results. You need to accomplish your strategic initiatives. You need to increase loan volume. And most of all, you need to grow. But the truth is,…
The Treasury’s Community Development Financial Institutions (CDFI) Fund’s proposed certification application contains multiple provisions that would inappropriately exclude credit unions doing good work,CUNA wroteto the CDFI Fund Monday. “CUNA broadly…
The Bureau of Labor Statistics issued the November jobs report Friday, which revealed that the unemployment rate remained at 3.7 percent during the month. NAFCU Chief Economist and Vice President…
Although the first cryptocurrency launched in 2009, participation and speculation accelerated rapidly over the last two years with terms likeNFTanddogecoinentering the daily lexicon. However, interest often outpaces understanding in the…
Our latest Economic Update examines different ways to measure financial health and wellness, which is essential to our continued work bringing the credit union difference to more people and communities.…
To help your front-line staff spot forged checksbeforethey cash or deposit them, first teach them about “negotiable instruments” and “words of negotiability,” suggests our most recent edition ofFirst Line of…
Fintechs are growing rapidly — faster than all other types of financial institutions — and are capturing more of members’ daily interactions. For example, between 2021 and 2022, PayPal experienced…
Happy December, compliance companions!This year seems to have flown by in warp speed, and so much has happened, both personally and professionally – we moved into our new house, had…
The CFPB has no authority to police discrimination in financial services and a federal court should swiftly make that abundantly clear, theU.S. Chamber of Commerceand banking trade groups said last…
CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s November Employment Situation: “The November employment report showed that the labor market is still strong…