The Federal Reserve’s real-time payments system, the FedNow Service,launched in Julywith 35 participating institutions. As of December, the number ofparticipantshas grown to more than 300 financial institutions – including several…
Financial education has been an important part of member service for years atSAFE Federal Credit Unionin Sumter, S.C. Over the past 18 months, however, the $1.8 billion asset credit union…
If you’re struggling with rising credit card balances, you’re not alone. According to arecent TransUnion report, the average credit card debt per borrower in Q3 2023 was $6,088. Naturally, as…
Companies systematically work to identify and mitigate the key vulnerabilities they have at any given time, while understanding that they cannot eliminate all cyber risk. The "risk of regulatory enforcement"…
There’s no better time of year than December to curl up on the couch with hot chocolate and watch one of the many fantastic holiday movies. You really can’t go…
Credit unions across the country are searching for ways to offer their underserved members pathways to homeownership. But when it comes to affordable housing, it’s clear that bolder action is…
2023, what a year. FedNow went into effect. Federal rates were hiked 11 times. Inflation peaked (fingers crossed). Silicon Valley Banks collapsed. A civilian submarine imploded while searching for remains…
Welcome back to your favorite leadership podcast with your host, Bo McDonald! This episode is dedicated to the stutters of life, our self-imposed limitations and traumas that hold us in…
1.How the ‘Paze’ Digital Wallet Aims to Win Over Merchants and Consumers Author:Steve Cocheo(The Financial Brand) Date:April 11, 2023 Executive summary:Paze was the new hot digital wallet of 2023 —…
From economic uncertainty to mergers to technological advancements, 2023 had a bit of everything. Let’s look back at the 10 most popularCUNA Newsstories of the year: 10.Economy on a razor…
NAFCU Senior Regulatory Affairs Counsel James Akinwrote to the NCUATuesday regarding the agency’s proposed amendments for regulations governing share insurance coverage. In the letter, Akin expressed support for proposed amendments…
Happy Holidays from CUInsight! It’s been another great year (wow it's flown by!) and it’s time again to take a look at the year’s best. Here are your top ten…
Although the timetable has slipped, Senate Majority Leader Charles Schumer, D-N.Y., said Wednesday that marijuana banking legislation remains a priority for enactment next year. But in an end-of-year speech on…
1.A Banker’s Guide to Digital and AI Transformation Success Author:Jim Marous(The Financial Brand) Date:July 5, 2023 Executive summary:Inside his new book, “Rewired: The McKinsey Guide to Outcompeting in the Age…
Whether you own / operate a small lobby ATM or a large fleet of bank-grade ATMs, your machine(s) needs periodic, preventive maintenance – just like your car. ATMs collect dust…
It’s interesting the response you get when you ask whether a board conducts director assessments. Some say, “Why bother? We never use the results anyway.” Others have a well-established process…
Afterwrapping up someend-of-year work, includingpassing the National Defense Authorization Act, both chambers are in recess until 2024. In addition, theSenate confirmed Tanya Otsukato the NCUA Board prior to the year-end…
Credit union member experience sounds fluffy and ethereal. And some credit union executives see it that way…but that perception couldn’t be more wrong. Your credit union member experience is about…
It’s been an exciting and historic year for CUNA, NAFCU, AACUL, Leagues, and credit unions as we work toward our goals of advancing the communities we serve. Advocacy is the…
The report:Generative AI: The Transformation of Banking Published:December 2023 Source:Mastercard Why we picked it:A good deal of what’s written about ChatGPT and other forms of generative artificial intelligence amounts to…
The transition to Web3 and distributed ledger technology A new technology solution no only holds the potential for all credit unions but promises tolevel the playing field for smaller credit…
NAFCU and CUNA, along with several financial trade associations, wrote to Federal Housing Finance Agency (FHFA) Director Sandra Thompson to request that the agency be transparent with its data and…
Colleen Desselle is a big proponent of continuous learning. “When you quit learning, you quit living,” says Desselle, chief marketing officer at $458 million assetCSE Federal Credit Union in Lake…
As credit union leaders reflect on the past year and look toward the new year, growing deposits will continue to be a priority. Deposits are the lifeblood of any financial…