Despite the outcry by the banking community, credit unions are not purchasing banks at a quickening pace, according to a National Credit Union Administration memo obtained by Washington Credit Union…
I once read thatnearly halfof Americans don’t have $500 saved to cover an unexpected expense. Back then, I was part of that statistic and felt the stress that came along…
Credit unions are growing and innovating because they continue to be a financial partner consumers trust,America’s Credit Unions and all state Leagues and Associations wroteto leaders of the Senate Finance…
It's the first Monday in March and we've once again found ourselves in Washington D.C. at the Governmental Affairs Conference. This one is a little different because for the first…
Often, outsiders offer fresher insights into what makes credit unions special than found in the industry’s own internal coverage. Next Cityis a digital journalism site that provides innovative examples of…
America’s Credit Unions’ Advocacy team and I met with CFPB Director Rohit Chopra this week, and as you can imagine, we had a lot to talk about. We discussed how…
Ever wonder why your credit union isn’t showing up higher on websites that compare financial services? Maybe you’re not paying them enough. The Consumer Financial Protection Bureau announced Thursday that…
Business banking for credit unions comes with a promise and a warning: disruption and disintermediation are rife.According to Javelin Advisory Services, reports Lee Wetherington, senior director of corporate strategy for…
The House and Senate passed funding legislation Thursday to avoid a partial government shutdown that would have occurred at midnight March 1. Appropriations scheduled to expire March 1 have been…
The IRS has launched itsFree File programfor the2024 tax season— with its largest-ever expansion to eligibility. Now, anyone who earned an adjusted gross income (AGI) of $79,000 or less in…
Changes over the last decade have placed tremendous pressure on financial institutions. The rise of fintech competitors, shifting demographics as baby boomers are replaced by millennials, long-tail implications of the…
Moderate Democrats and members of the Congressional Hispanic Caucus are demanding that Navy Federal Credit Union and financial regulators address allegations that the credit union discriminated against Black mortgage applicants.…
Picture a busy expo hall filled with banking and financial services professionals. They’re mostly there to network, catch a few fintech demos and learn more about the industry. But there’s…
America’s Credit Unions President/CEO Jim Nussle and members of its advocacy team met with CFPB Director Rohit Chopra Wednesday for a discussion on topics ranging from the credit union difference…
In an industry as dynamic and fiercely competitive as banking, community financial institutions face a formidable challenge. Mega banks are echoing smaller institutions’ traditionally unique selling propositions—personalized consumer care, the…
Many total rewards decisions once followed a templated approach that met many basic needs, but often overlooked the concerns of specific populations. Diversity, equity and inclusion (DEI) related to pay,…
Where did you open your first bank account? For me, it was with a credit union. I still remember how proud I felt, strolling through the glass doors of Washington…
In the 2023 Annual Data Breach Report fromIdentity Theft Resource Center, there were 3,205 publicly reported data compromises that impacted an estimated 353,027,892 individuals. This report also highlights a 78%…
Althoughcommentson the proposed rule are not due until April 1, credit unions in the South already are blasting the Consumer Financial Protection Bureau for its proposal to limit overdraft fees…
Trying to boost your deposit-to-loan ratio? Look to the data A recentBAI reportnoted that financial institutions (FIs) nationwide are prioritizing deposit growth this year. But that’s nothing new—FIs are constantly…
Dr. Jennifer Golbeck has complicated feelings about artificial intelligence. The computer scientist and University of Maryland professor hopes people understand why after her presentation on “AI, Connectedness, and the Big…
I have really been looking forward to today’s conversation for a while! I am so excited to have former “retired” CEO Nick Wodogaza on the show this week to talk…
From your doorstep to the mainstage at THINK 24, get excited to hear from the inspiring Jamie Siminoff, founder of Ring and current Chief Doorman and CSO for Latch, a…