Federal Reserve chairman Jerome Powell said Wednesday nearly all central bank officials agree more interest rate increases will be “appropriate,” dampening Wall Street’shopes of a Fed pause. Key facts “It…
NAFCU’s latestCU Industry Trendsreport showed the industry net worth ratio is up nearly 50 basis points from a year ago, and while delinquencies remain low, loan loss reserves surged in…
In today’s data-driven economy, understanding and managing consumer data has become a critical aspect of successful marketing strategies. With the elimination of third-party cookie tracking, credit union marketers are increasingly…
Marketers regularly celebrate dads around Father’s Day with some great commercials. But these commercials are more than fluff pieces; they have lessons for your credit union or community bank. So,…
CUNA, Leagues, and credit unions continue our push against the interchange bill—what we’re calling the “Big Box Bill”—in our engagement with members of Congress. We alerted credit union advocates with…
With the pandemic as catalyst, eCommerce as a share of retail sales jumped from11.1% to a peak of 16.1% in 2020, per the U.S. Census Bureau. And although in-store shopping…
Over the past several years, almost everyone has experienced the ups and downs of remote work. Studies and professional recommendations on how to manage this new reality are helpful, but…
Or is it? Credit union marketingin general is one of the first things leaders turn to because it’s easy to talk about. We can’t always argue accounting formulas or operational…
What’s happening in credit union lending? What do CUNA’s economists forecast for the rest of 2023? How could economic uncertainty and a potential recession change the lending outlook? As we…
Like most markets these days, the mortgage industry is facing considerable economic headwinds as high inflation and the threat of a recession make it difficult to pin down—let alone lower—mortgage…
In today's ever-changing economic landscape, credit unions face the challenge of managing interest rate risk while meeting the needs of their members, especially their commercial members. With interest rates fluctuating…
Your credit union’s Board of Directors can either be your biggest asset or your biggest liability. But making the Board into an asset is easier said than done. Credit unions…
Federal regulatory agencies—including NCUA and the Consumer Financial Protection Bureau (CFPB)—released the latest Unified Rulemaking Agenda with several items of interest for credit unions. The agenda includes actions the agencies…
I am so excited to celebrate Pride Month! We have a lot of activities planned here at PSCU through the efforts of our LGBTQ+ Business Resource Group, PSCUnity, which started…
The use of the LIBOR index is expected to end on June 30, 2023. Per the CFPB’sLIBOR Transition FAQs, “[t]his change will affect some adjustable (or variable) rate loans and…
According toJavelin’s 2023 Identity Fraud Study: The Butterfly Effect, identity fraud losses totaled $43 billion in 2022, a 17% decline from 2021. While rates of identity theft may have decreased…
In a recent episode of The CUInsight Experience podcast, I had the privilege of sitting down with Bob Trunzo, the renowned industry leader and CEO of TruStage (formerly CUNA Mutual…
Welcome to the CUInsight Minute, sixty seconds from our Director of Learning & Client Support Linda Lafortunewith our favorite reads from the week. Mentioned: 5 marketing shifts to drive results…
On June 6, 2023, the Basel Committee on Banking Supervision followed up on itsmeeting in Hong Kongin March and met to further discuss recent financial and market developments, global banking…
Similar to skipping annual doctor and dentist checkups, putting off regular overdraft program disclosure evaluations until the next rule change or updated guidance can result in major and costly problems.…
Several US federal government agencies have been hit in aglobal cyberattackthat exploits a vulnerability in widely used software, according to a top US cybersecurity agency. The US Cybersecurity and Infrastructure…
Regulatory change management is the process financial institutions use to identify, evaluate, and implement new or amended rules and regulations. It’s designed to create an efficient, repeatable process that helps…
Digital service and temperatures are heating up as credit unions leverage technology to provide their members with seamless banking experiences to match the sunny vibes of the season. From mobile…
Federal agencies, including the NCUA and CFPB, have released their spring 2023 regulatory agendas. There are several NAFCU and credit union advocacy priorities included among the items, some of which…