TheCDFI Fundshould consider allMDI credit unionsto be Minority Lending Institutions (MLIs), three credit union trade groups told the Treasury Department last week. “This would spare MDIs additional reporting to maintain…
It is the most wonderful time of the year! With the holidays around the corner and wintery weather soon to follow, what better way to stay warm then to cozy…
The U.S. Agency for International Development (USAID), World Council of Credit Unions (WOCCU) and Visa launched the "Enko" mobile business development platform in Peru to continue promoting the businesses of…
The Federal Open Market Committee (FOMC) recently released its November meeting minutes. In the meeting, “a substantial majority of participants judged that a slowing in the pace of increase would…
In September theNational Credit Union Administrationissued newguidanceon itsupdated interest rate risk supervisory framework. Interest rate risk is the risk to a financial institution that its interest-earning assets, such as loans…
This fall, I attended the 22nd Savings and Credit Cooperatives Associations Congress in the Kingdom of Eswatini in southern Africa. I represented CUNA at the invitation of theAfrican Confederation of…
Brad Hickey’s a practical man. As manager of application development atAmerican Airlines Federal Credit Union, he’s solution-focused and typically finds words like “transformative” and “life-changing” hyperbolic … But uses them…
ESG has become an increasingly important factor for investors over the years, but, recently, it's become a top priority for customers, and even employees, too. And with this increased pressure…
As Congress continues to struggle with marijuana banking legislation, the number of credit unions serving marijuana-related businesses has remained consistent, according to data recently released by theFinancial Crimes Enforcement Network(FinCEN).…
As some of you may know, in early 2020, Congress passed theCoronavirus Aid, Relief, and Economic Security Act (CARES Act). Under the CARES Act,borrowers with federally backed mortgage loans could…
CUNA joined other community development organizations in aletterto Treasury’s Community Development Financial Institutions (CDFI) Fund calling simplified reporting requirements. The comments were sent in response to a request for feedback…
Today, the 117th Congress begins its final three and a half weekswith major bills still to pass, including the National Defense Authorization Act (NDAA) and a government spending bill to…
It’s no secret that economic turbulence is impacting both borrowers’ financial lives and credit unions’ portfolios. A perfect storm has been brewing since 2020, and it’s the convergence of historically…
Digital technology has turbocharged the commercial lending process with fast, highly automated decisions seriously slashing the time to “yes.” But to navigate the uncertain times ahead, lenders will need more…
Gaps in a person’s teeth are readily apparent. Closing them is a straightforward task for a good orthodontist. In contrast, gaps in the knowledge, skills and abilities of a leader,…
The holidays bring on a flurry of activity for most businesses every year. Even with the potential of a recession looming over us, there seems to belittle to no signsof…
The U.S. Supreme Court should not rush a decision about whether to consider a federal appeals court ruling thatfound the funding mechanism for the CFPB unconstitutional, an attorney for theCommunity…
Yesterday was Thanksgiving, a time to reflect on what you’re grateful for and to show appreciation for those around you. As leaders, we’re often focused on achieving goals and what…
The lending environment in 2022 is vastly different than it was in 2019 – rising rates and inflation have made lending more expensive to consumers. However, leveraging AI and machine…
CUNA, Leagues, and credit unions have plenty on our plate to close out 2022, including putting the finishing touches on an advocacy agenda for next year. There’s also a lot…
Whether you call it “The Great Resignation,” “The Great Renegotiation” or “The Great Reshuffle,” the fact is that credit unions cannot ignore how talent shortages are affecting their capacity to…
We’re beginning to receive clarity from the White House regarding its approach to digital assets, including the potential development of a Central Bank Digital Currency (CBDC). With the release of…
As credit unions, you work everyday to create better financial lives for your members (and community). If it’s been a few years or longer since your last website overhaul, there’s…
It is one of the hardest experiences someone can go through and, quite frankly, one of the least talked about. It does not just affect women but men too. Miscarriage…