As member-focused financial cooperatives, credit unions have long been critical support systems in the communities they serve. Beyond traditional financial services, they provide education, guidance and often act as referral…
Co-op Solutions’ more than 1,800 employees – dedicated to the success of credit unions – are led byDean Michaels, who was promoted to President/CEO on September 18. Previously serving as…
Congress was able to reach an agreement on government funding over the weekend, averting a government shutdown before funding expiredat midnight on Saturday. The continuing resolution funds the governmentthrough Nov.…
From digital wallets to palm payments, glitzy retail payment innovations often grab headlines. But a new study from Capgemini suggests an even bigger revenue opportunity for the banking industry can…
Visa and Mastercard are set to raise credit card processing fees in October 2023 and again in April 2024. So, many small business owners are, of course, concerned about the…
At the core of a good relationship is trust, and building trust must be part of your intent when starting a new relationship. Especially in business relationships, this is important.…
I had a great chat Wednesday during our first virtual forum with CEOs from NAFCU-only credit unions. I appreciated the honest feedback, and I hope to hear from more of…
Most credit unions are fiercely committed to their local communities, and we think that’s great. Sometimes, though, it’s important to take a few steps back and broaden our perspective. That’s…
NAFCU Senior Vice President of Government Affairs Greg Mesack, Vice President of Legislative Affairs Brad Thaler, and representatives from several financial trade organizations met with House Financial Services Committee Ranking…
Whether it be blog posts serving to inform and educate the community or new lines of products available for sale, your customers can get a grasp on what is important…
There’s a lot to manage as a college student, between classes, homework and a newfound freedom that is as exciting as it can be disorienting. Financial freedom is yet another…
Names are important forso many reasons. But despite their importance, many credit unions don’t undertake name change projects. Why? One reason may be the credit union naming process intimidates them.…
In the midst of looming uncertainty over a potential government shutdown, the role of credit unions as pillars of financial stability, gains even more significance. As not-for-profits, credit unions have…
NCUAawarded$3.1 million in Community Development Revolving Loan Fund grants to 142 low-income and minority depository institutions. “For 2023, Congress provided more funding and allowed MDI-designated credit unions to qualify for…
The Senate Banking Committee Wednesday advanced the NAFCU-supportedSecure and Fair Enforcement Regulation (SAFER) Banking Act. Ahead of the markup, NAFCU flagged concerns aboutpotential regulatory overreach, many of which were addressed…
The era of generative artificial intelligence (AI) is upon us at warp speed, epitomized by generative pre-trained transformer (GPT) tools such as ChatGPT. With the rapid adoption of ChatGPT and…
A lot of times, founders adopt a mindsight of "my way or the highway". But one of the best things they can do is get out of the way. Randy…
Are you a credit union leader or stakeholder looking for a competitive edge in auto lending? Don't miss this must-listen episode of 'Banking on Experience,' where we pull back the…
Parent PLUS loans are federal student loans that parents can take out to help pay for their children’s undergraduate education.These loanscan fill in gaps that aren’t covered by other types…
Today’s financial consumers live in a world where their personal finances are digitized and at their disposal 24/7. They can digitally open and fund savings accounts or investment accounts, instantly…
Welcome to the Unraveling Cyber Defense Model Secrets series, where we shine a light on Adlumin’s Data Science team, explore the team’s latest detections, and learn how to navigate the…
A perennial question for marketers is, how much should we be spending? Community banks have never had the budgetary freedom to spend with reckless abandon, as many fintechs and neobanks…
Over the last 18 months, the conversations we’ve had with management teams and board members across the United States have focused on concerns around interest rate risk – rates sat…
Long gone is the “era of plenty” for marketing budgets, with volatility becoming the new status quo. According to chief marketing officers in the financial services industry, the marketing budget…