Reaching impressive heights
Scott Burt, CPA, is an accomplished leader with a remarkable track record as a board member and a CEO at organizations that are renowned for helping others. Burt’s dedication to…
Syndicated
NCUA releases CECL addendum to audit guide
The NCUA released an addendum to itsOther Supervisory Committee Audit, Minimum Procedures GuideThursday, replacing certain procedures for credit unions that have implemented the current expected credit loss (CECL) standard. CECL…
How to retain employees and members
Fostering a culture of belonging Employee burnout is a pervasive issue affecting organizations across various industries, and credit unions are no exception. The financial sector demands high commitment, attention to…
Tax Foundation: Credit unions don’t deserve tax exemption
Credit unions do not deserve—and the U.S. cannot afford—the credit union tax exemption, Scott Hodge, president emeritus and senior policy advisor at the Tax Foundation, wrote in a scathing report…
NCUA and mergers: Keeping members out of the room where it happens
In the past month, the NCUA has approved two different mergers to take place. While this may seem like nothing new or exciting, both merger approvals noticeably took place without…
How Apple can keep growing in financial services without ever becoming a bank
Banks and credit unions have been watching Apple move further and further into the financial services business for over a decade now. Even after all that time, the question remains:…
Responding to more complex hacks
As the cybersecurity threat grows larger and more sophisticated, control of credit union strategies is passing out of the hands of local managers and moving to national and international regulatory…
Here’s what will happen when the Fed (eventually) cuts interest rates
While the Federal Reserve kept interest rates unchanged Wednesday, there’s a tone shift happening and a chance that the first rate cut in four years could be announced in March.…
Nussle pens letter on fraud, scams ahead of SBC hearing
America’s Credit Unions President/CEO Jim Nussle highlighted the credit union industry’s investment in payment technologies and the role of interchange in fraud prevention in aletter to the Senate Banking Committee…
On Compliance: Would the U.S. Constitution require treasury to pay credit unions for open banking rule?
Can theConsumer Financial Protection Bureauforce credit unions and banks to grant financial technology companies access to their core banking systems without compensation? De facto public utilities providers TheFifth Amendment to…
Three credit union video strategy tips
One billion hours. That’s how much daily video content people watched on YouTube…in 2017. Only YouTube. Imagine how many hours people watch on YouTube, TikTok, Instagram and any other platform…
Listen and launch: How Everence Federal Credit Union will change in the new year
Right before the holiday season, rkGoBig’s Lending Council (a group of collaborators meeting monthly for the past five years) gathered to trade knowledge on the “go-forward” for their credit unions.…
Fed says more ‘confidence’ needed on inflation front before rate cuts can start
The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months in a policy statement that tempered inflation concerns with other…
CFPB is hiring attorneys, beefing up enforcement staff
Consider yourselves warned. The Consumer Financial Protection Bureau is beefing up its enforcement staff and intends to hire 75 attorneys this year, agency officials confirmed this week. The agency announcement…
Hyperautomation, integrations and AI
At Laserfiche we’re always looking forward. We know that financial services firms are no different. That’s why in the new year, we asked our resident financial services expert — Joman…
Nussle provides credit union perspectives, concerns on AI usage
America’s Credit Unions President/CEO Jim Nusslewroteto the Senate Banking Subcommittee on Housing, Transportation, and Community Development ahead of today’shearingon the usage of AI in the housing industry to offer the…
Fintech’s wild ride: Who will dominate the next phase?
It was perhaps the most notorious Super Bowl ad of all time: an era-hopping Larry David playing a perpetual skeptic, pooh-poohing inventions like the wheel, the light bulb, the U.S.…
Building retirement benefits for a global and mobile workforce
Global mobility and a work-from-anywhere culture open the door to creative solutions for financial wellbeing, starting with retirement benefits. Helping employees navigate day-to-day financial stressors and build savings over the…
Delay deploying instant payments at your own risk
We've heard several financial institutions intend to delay deploying instant payments capabilities, such asFedNowand The Clearinghouse's RTP Network, until 2025 as part of broader cost-control initiatives. While instant payment adoption…
New year, new sales approach: Fresh tactics for credit union growth
It’s fair to say that the key to credit union sales is empowering the member. When they feel in control, they are more likely to close deals – open memberships,…
Nearly 1 in 5 big revolving credit users may choose a credit union for next card
National banks dominate the U.S. consumer credit card industry, with a strong position that is unlikely to be challenged anytime soon. However, smaller financial institutions (FIs) are slowly gaining ground.…
Senators still determined to reauthorize flood insurance program
You’ve probably heard this before, but key lawmakers said last week that they still want to enact a long-term reauthorization of the National Flood Insurance Program (NFIP) this year. “We…
AI, digital transformation and better processes
At Laserfiche we’re always looking forward. As such, our leadership team continually evaluates the latest trends and how we can best position our organization and its customers for the future…