NCUA issued a Letter to Credit Unions (23-CU-08) Wednesday on resumption of federal student loan payments. Federal student loan interest resumed Sept. 1, and payments restart in October. "As federal…
Monitoring your credit reports should be a staple of your financial routine, much like checking your bank and credit card accounts. Even if you rarely use the credit you already…
NAFCU’s Regulatory Committee met Tuesday to discuss the latest issues and proposed rules open for comment, including the Department of Labor’s (DOL) proposed rulemaking on wage exemptions, the oral arguments…
For the past few years, I’ve written about the varying circumstances surroundingsurge deposits. From “the death of” to the “resurgence,” it seems to be a consistently hot topic—this year, with…
The summer of 2023 saw a new record as Americans surpassed an astonishing $1 trillion in credit card debt, according to the Federal Reserve Bank of New York.The coupling ofbothhigh…
Banks and lenders may have been historically resistant to adapt technology, but they’re catching up at the community banking level in droves. The shift of consumer and business expectations around…
Community banks and credit unions are often seen as two sides of the same coin. While they still have their differences (with community banks being for-profit and credit unions non-profit),…
Halloween is still 26 days away, but that doesn’t mean it’s too early to talk about scary stuff. Just ask elementary school aged kids – they’ll tell you Halloween is…
In 1999, theGramm-Leach Bliley Act(GLBA) created a federal data privacy rule. This rule, implemented byRegulation P, governs how financial institutions can share a consumer’s information. Specifically, Regulation P requires that…
Credit union leaders collaborated to raise $1.2 million for 11 Children’s Miracle Network Hospitals during the “The Totally Awesome CU4Kids Auction & 80’s Prom Bash” held in Spokane Oct. 4,…
New data from the Bureau of Labor Statistics revealed 336,000 jobs were added in September, while gains in August and July were revised up 40,000 and 79,000, respectively. NAFCU Chief…
Financial waters aren’t always easy to navigate. Some concepts may be simple to grasp, but things become more complex when it comes to investing in stocks and participating in retirement…
Unlike traditional banks, credit unions have a mission toserve their members, not shareholders. This fundamental difference makes building solid and lasting relationships with their members possible. To make members love…
What does it mean to be brave? Many people consider bravery an act of courage, often in the face of physical danger. At some point, almost all credit union leaders…
Digital lending platforms have emerged as financial industry game-changers, revolutionizing the way people access credit. These platforms offer unprecedented convenience and accessibility, helping make loans available at the click of…
One area of marketing where banks and credit unions of all sizes can do a lot better is in their use of data. “Reaching the most responsive audiences is the…
As we stand on the cusp of the busiest time of the year, with year-end credit union goals looming large, it’s crucial to recognize that the art of persuasion can…
Join Jennifer Mascott, Assistant Professor of Law and Co-Director of The C. Boyden Gray Center for the Study of the Administrative State at the George Mason University Antonin Scalia Law…
Finding the right fintech partner can allow credit unions to maximize growth and fuel innovation, says Ben Maxim, chief operating officer atReseda Group, a credit union service organization formed by…
Registration isnow openfor credit unions to attend a free, virtual town hall discussion between NAFCU President and CEO Dan Berger and CFPB Director Rohit Chopra, happening Oct. 17 at 11…
I was born and raised in Chile but came to the U.S. many years ago. Nevertheless, American culture, mainly through TV shows and music, was part of daily life. In…
Your credit union has worked hard over the years to earn a reputation as an easier, faster, and more convenient alternative to cold, impersonal alternatives. But these days, your members…
Washington, D.C., is certainly never boring, as we’ve seen over the last week. The good news is the credit union difference is bipartisan. We’ve shown that time and time again.…
For small businesses, getting paid is a pain, and its causing widespread problems. Most (60%) say they regularly struggle with cash flow, and many (40%) say it has limited their…