You know that postal banking pilot program that has had financial services trade groups andcongressional Republicans furious? Nobody’s using it. The US Postal Service on Tuesday released its financial reports…
Losing their homes and possessions to the flooding that engulfed Knott and Letcher counties was catastrophic enough for scores of eastern Kentuckians digging through the wreckage that was their lives.…
60% of CUSO’s are Insurance based and almost all of them have the same thing in common: They are barely scratching the surface of their potential! President of Insurance Strategies…
Who could’ve predicted the past few years and what they would mean to all of us financially? According to a recent Consumer Affairs study, 50% of Americans are struggling to…
Your members are primarily banking through digital channels. In fact, a survey by Chase at the end of 2021 showed an increase of more than 10% adoption over the previous…
Your credit union website needs a refresh. Credit union leaders need to be aware of the results of one recent study that reported two important data points: 46% of consumers…
CUNA President/CEO Jim Nussle wrote to all 535 members of Congress Wednesday in strong opposition of the credit card bill from Sens. Roger Marshall, R-Kan., and Dick Durbin, D-Ill. CUNA…
The latest episode ofNAFCU’s Credit Union Policy Podcast(CUPP), which launched in early July, features a discussion betweenNCUA Vice Chairman Kyle Hauptmanand NAFCU Vice President of Regulatory Affairs Ann Petros exploring…
There’s been talk of recession brewing for months now. The term is coming up on the news, over dinner, and around the proverbial office water cooler. As more and more…
A June 2022 survey reports that 25 percent of students and their parents are already on the hunt for books, backpacks and other items.1The average amount each household plans to…
A few federal holidays here and there. Team member vacations need to be covered in the branch. Your own vacation if you’re lucky. Not to mention you’restuckin that weird limbo…
The “Great Resignation” is one of the pandemic’s unforeseen outcomes. Demand for workers remains high, despite the best attempts of many employers to attract and retain talent. Financial institutions are…
On July 27, 2022, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ)announcedthe filing of acomplaintandconsent orderagainst Trident Mortgage Company LP (Trident) in the U.S. District Court…
As federal regulators rewrite rules governing theCommunity Reinvestment Act(CRA), the banking industry is renewing its call for the agencies to seek legislation that would subject credit unions to the CRA.…
The Illinois Credit Union System (ICUS), in collaboration withover 850 organizations, took social media by storm for the 2ndannual #ILoveMyCreditUnion social media blitz on July 29. The goal of the…
Ginnie Mae Thursdayannouncedthat it will exclude federally insured credit unions and state housing finance agencies (HFAs) from its capital requirements and recognize them as insured depositories regulated by a prudential…
Recently, I was contemplating the idea of what our credit union might look if we as an industry could start over. As a credit union board member, I have seen…
When it’s time for your next strategic planning session, what topics will be top of mind when preparing for your credit union’s future? The2022-2023 CUNA Environmental Scan (E-Scan) explores trends…
Incorporating sustainability into business culture and operations is nothing new. Organizations have been weaving in small-scale solutions for decades. “Think before you print” taglines popped up in the early 2000s.…
Some financial terms are easy to understand, like “money” or “savings account.” Other terms, though, can be a bit harder to understand, like “escrow.” You might have seen this term,…
Credit unions and their trade groups applauded theFinancial Crimes Enforcement Network(FinCEN) for proposing a “no-action letter” process but warned that it would be unfair if the NCUA and other regulators…
When you close an account, it may not be removed from your credit report immediately. This is true whether the closed account is a credit card or an installment loan.…
CUNA strongly supports the Financial Crimes Enforcement Network’s (FinCEN) effort to establish a no-action letter process,it wroteto FinCEN Friday. No-action letters come from government agencies stating it will not take…
NAFCU Senior Vice President of Government Affairs Greg Mesack Fridaywroteto the Senate Banking, Housing, and Urban Affairs Committee to share the Association’s opposition and concerns regarding S.4698, the Improving Cybersecurity…