5 financial moves you need to make if you get laid off
Getting laid off is stressful, if not downright scary. Unfortunately, it’s also pretty common. Thanks to the pandemic, many Americans have dealt with the pain of being let go from…
Syndicated
Guide to creating brand slogans & taglines for banks and credit unions
Myth #1: Great banking slogans have to be short. Reality:While having a short slogan can aid memorability, the majority of financial slogans are between three and five words long. The…
NCUA renews call for marijuana banking legislation
Calling current policy unsafe, unjust and shortsighted, National Credit Union Administration (NCUA)board member Rodney E. Hoodon Thursday appealed to Congress to immediately enact marijuana banking legislation. “Here we have a…
CFPB mischaracterizes many financial services fees in RFI
CUNA strongly objects to the Consumer Financial Protection Bureau’s (CFPB) classification of a broad range of common financial services fees as “junk fees,” it wrote Monday.CUNA respondedto a CFPB request…
Consumer credit “skyrocketed” in February, surpassing expectations
Total consumer credit rose 11.3percent, at a seasonally adjusted, annualized rate, in February and is up 6.5 percent compared to a year ago. Non-revolving credit, such as auto and education…
Why succession planning?
Are you struggling with any of the following challenges? A high number of anticipated retirements over the next several years on your management team or board of directors Unexpected turnover…
New floorplan requirements for traditional and desktop appraisals
The way home appraisals andvaluation servicesare conducted is changing. The introduction and wide acceptance of desktop and hybrid appraisals during the COVID-19 pandemic have led GSEs Fannie and Freddie to…
Which credit union will fold my underwear?
Boxers or briefs? Doesn’t matter; it’s not exactly on the strategic plan for credit unions. What does matter is that during a recent stay at the Hay-Adams for my annual…
Banks must weigh paying higher deposit rates or risk losing accounts
Sharply higher inflation has brought the prospect of much higher, and fast-rising interest rates. Financial institutions will find that they must sometimes pay up for deposits they already have in…
IoT security weaknesses
TheInternet of Things(IoT) is essentially a network of devices that are interconnected to function as a larger unit. At home, you might have your alarm clock trigger your toaster to…
Purposeful Talent Development: People strategy begins with process
Most business leaders know the importance of their people. Statements like “Our people are our most important asset,” “Culture eats strategy for breakfast,” or “Our people make the difference,” allude…
Carolina Foothills FCU helps women entrepreneurs find success
Through pandemic interruptions of daily activities and the resulting threat to livelihoods, 132 Upstate women entrepreneurs—92 of them women of color—have kept their small businesses moving forward thanks to Small…
NAFCU-backed bill requires cost-benefit analysis of CFPB regulations
Representative Alex Mooney, R-W. Va., Wednesday introducedH.R. 7412, the Transparency in Consumer Financial Protection Bureau (CFPB) Cost-Benefit Analysis Act, which would require the CFPB to employ a more rigorous cost-benefit…
PODCAST: Going fee free
Members atAmplify Credit Unionno longer have to worry about incurring any fees on their accounts. The $1.2 billion asset credit union in Austin, Texas, switched to a fee-free model in…
What’s with all the chapters?
Have you had members declare bankruptcy recently? Is your first thought when you see Chapter 7 or Chapter 13: “why are my members doing book reports instead of paying back…
Credit union trades worried about military base access study
The Defense Department has hired a contractor to conduct a study about credit union and bank access to military bases, according to three credit union trade groups. And those groups—theDefense…
How credit unions build trust and loyalty in the age of digital acceleration
The concept of trust is the foundation of every financial relationship there is between a customer and their financial institution, and twice-over with a member and their credit union. That…
Too much turnover? New hire journey mapping can help.
Credit unions and community banks obsess over those they serve. And rightfully so! Your members or customers are the core of what you do every day. But have you done…
Refresh your company’s vision this spring
Every organization needs a mission, a vision, and values to function properly. In turn, the environment around us changes constantly – forcing these fundamentals to change as well. As leaders,…
How visual analytics leads to smarter financial crime management
As more and more financial institutions (FIs) begin adopting AI and machine learning-based data into their programs, the most common question financial crime fighters ask is – “how can we…
CUNA CEO Council announces new Executive Committee members
The CUNA CEO Council announced that two credit union CEOs were elected to the 2022-23CUNA CEO Council’s Executive Committeeand two members were re-elected. The two new members fill vacancies created…
Treasury heightens sanctions on Russia amid continued attacks on Ukraine
In response to Russia’s continued brutal war against Ukraine, the Treasury’s Office of Foreign Assets Control (OFAC) Wednesday announced additional steps to demean the economy of the Russian Federation,imposing full…
Overcome the CEO compensation data lag
Today’s credit unions must navigate overwhelming competition for talent, a complicated economy, a pandemic that just won’t end, and industry change due to mergers. To succeed in these complex times,…
Costs of a cyber attack
As our nation faces an unprecedented increase in cyber attacks -according to Trend Micro, ransomware attacks on banks alone climbed by a staggering 1,318% last year – and more expected…