The NCUAissued three prohibition noticesin August, prohibiting the individuals previously associated with credit unions from any future participation in the affairs of a federally-insured depository institution. Violation of a prohibition…
The CUNA Lending Council announces the Next Level Executive Scholarship to allow rising credit union lending leaders the opportunity to attend the 2023CUNA Lending Council Conference, November 12-15, 2023, in…
The FedNow instant payments system creates opportunities for banks and credit unions of all sizes, facilitating new ways for them to generate revenue from both business and retail customers. But…
Recently, Alkami and Digital Credence co-hosted an online event,Digital Transformation Series: Driving Digital Engagementfeaturing expertise fromOn Tap Credit Union,United Heritage Credit Union,SRP Federal Credit Union, and industry consultancy,Digital Credence. During…
The year 2022 reemphasized the reason small-dollar lending has consistently delivered on member need over and over since the beginning of the credit union movement over 110 years ago. The…
Inpart oneof this series, we discussed the growing popularity of AI-generated content and where it lacks in terms of creativity and voice. While this AI work may seem like a…
In today's rapidly evolving financial landscape, the adoption of real-time payments (RTP) has become increasingly crucial for banks and credit unions.The RTP market size was valued at 17.57 billion in…
If a chain is only as strong as its weakest link, for most credit unions and smaller financial institutions, that vulnerability rests in the same place: their data. Members flock…
During a conversation with former African-American Credit Union Coalition (AACUC) chair Maurice Smith, CUNA President/CEO Jim Nussle and NAFCU President/CEO Dan Berger shared their vision for America’s Credit Unions, should…
In August, CUNA and NAFCU announced their intent to merge to form into a single, powerful entity – America's Credit Unions – to serve credit unions more efficiently and effectively,…
When I began my career in the accounting field over 30 years ago, I used mechanical pencils, green ledger paper (some up to 12 columns across), and an adding machine.…
For so long, new tech has been utilized by fraud artists, costing many unsuspecting victims countless dollars. Now, AI tools and strong fintech partnerships could be used to stop fraud…
When it comes to productivity (or lack thereof), it’s usually treated like a work ethic problem. A certain employee isn’t productive because they’re not diligent. So-and-so just doesn’t want to…
In what may be the most under-reported ATM story of 2019, a growing number of financial institutions are making the decision to walk away from PC-based Windows ATMs. Others are…
NAFCU is preparing to host four credit union events in September:Congressional Caucus,Large CU Summit,CFO Summit, andRegulatory Compliance and BSA Seminar. First up, the association will welcome hundreds of credit union…
Beginning on January 1, 2019, NCUA and state supervisors from California, Florida, New Hampshire, Oklahoma, South Carolina, and Texas kicked off a pilot program aimed at reducing the regulatory burden…
A decade ago, when I began working in the fintech sector, I realized that there was a significant disconnect between the way people in the banking industry think about products…
CUNA President/CEO Jim Nussle, who will lead America’s Credit Unions should CUNA and NAFCU members approve the merger, sent a message to members after the vote opened Monday pledging that…
NAFCU is offering awebinarto discuss the increased regulatory scrutiny over fees, what may qualify as a “junk fee,” and the ways a credit union can evaluate their current fees. The…
Every part of your community bank or credit union workflow is important…but it doesn’t feel that way. Some functions get more credit than others. Some talents are dismissed as time-wasting…
Credit reports and scores are so closely related, you might think that where you find one, you’ll find the other. But that isn’t always the case: You won’t find a…
Account funding transactions (AFTs) are growing in usage as consumers increasingly embrace digital payment services offered through PayPal, Venmo, Starbucks, Apple Pay and even Uber. For members, AFTs are a…
As the old saying goes, “When all you have is a hammer, every problem looks like a nail.” ChatGPT may be an impressive AI hammer, but not every tool is…
Here’s an interesting question. What is one of the longest, if not the longest, relationships a person will experience in their life? Here’s a hint – it’s not a marriage.…