As cryptocurrency continues to rise in popularity, so do the opportunities for scammers. October is Cybersecurity Awareness Month – a great opportunity to take stock of some of the current…
Edisto Federal Credit Union had an issue. Their on-site ATM, across the street from the state college, had begun malfunctioning on a regular basis. The faulty machine was becoming an…
House Republicans say they have a solution to the conundrum caused Wednesday by the U.S. Court of Appeals for the Fifth Circuit when it found thatthe CFPB was unconstitutionally funded.…
Legendary NFL coach Vince Lombardi once said, “Leaders are not born, they’re made.” While it sounds very cliché, it’s true. No one is born a leader. We all work our…
Michigan Credit Union League President/CEO Patty CorkeryappearedonGood Day Northern Michiganearlier this month to talk about the credit union difference and more. Corkery started by illustrating the credit union difference and…
During yesterday'sNCUA Board 2023-2024 budget briefing, NAFCU Chief Economist and Vice President of Research Curt Long thanked the board for its ongoing commitment to transparency surrounding the budget while stressing…
Ukrainian Federal Credit Unionwas founded in 1953 to serve Ukrainian immigrants who came to the US after World War II. For almost 70 years, our mission has been to provide…
Credit unions around the world are recognizing and celebratingInternational Credit Union (ICU) Dayon social media Thursday. The theme of the 74th annual event—hosted byCUNA,American's Credit Unions, and theWorld Council of…
If you are a credit union just now thinking about a digital banking CUSO for your cooperative, you’re already playing from behind. The biggest financial institutions in the United States…
A federal appeals court on Wednesday dropped a bombshell on the financial services industry, ruling that the CFPB’s funding structure is unconstitutional and, as a result, the agency’s payday loan…
Did you know the ancient Greeks used automation for primitive clocks, robots and even computers? The word itself derives from Latin, meaning “acting of one’s own will.” In teaching machines…
Innovations in fintech have helped expand consumer access to credit, but the same hasn’t been true for the commercial banking industry. Lending time for middle market businesses can take up…
NCUA should be laser-focused on budgetary discipline, CUNA Deputy Chief Advocacy Officer Jason Stverak told the agency Wednesday at its 2023-24 budget briefing. NCUA’sproposed combined 2023 staff draft budgetis $367.0…
Freddie MacannouncedMonday a new underwriting innovation that aims to qualify more borrowers for a mortgage. The innovation will include a “review of a borrower’s bank account data to identify a…
With the world becoming increasingly aware of the concept of climate change, it’s important to spend a few moments considering how this same principle of slow, continuous change applies to…
Just imagining a scenario in which you can’t pay your bills is stressful. Now imagine how stressful it would be if you really can’t pay a bill. One’s mental health…
Imagine your credit union or community bank as a ship…a ship with an amazing captain and first mate. These two are visionaries, and they’ve steered the ship so long it…
In this hyper-competitive talent market as of late, cash (salary) is not always king.A nice benefits package can be as much of a draw to a certain position or employer…
The FDIC on Tuesday did something the NCUA board has steadfastly refused to do. It increased by two basis points theassessments banks must payin an effort to shore up itsDeposit…
Life was very different 15 years ago. Second Gen iPhone came out and the big deal was 3G and it finally had GPS! Blu-ray players went “mainstream” Google introduced the…
CUNA joined other organizations in a letter to the Consumer Financial Protection Bureau (CFPB) urging it to publish a notice and request for comment that would “permit meaningful public comment…
Last week, NAFCU announced the release of its2023 Federal Credit Union Operating Fee Calculator, which calculates how the NCUA’s proposed budget for 2023 affects credit unions. Additionally, NAFCU’s award-winning research…
The battle against stubbornly high inflation rages on as central banks around the world raise interest rates and shrink their ballooned balance sheets. A recession of some sort in 2023…
When members do business at their credit union, their digital preferences aren’t just measured against other experiences in the financial services space — but by bigger retail and entertainment companies.…