Taking care of employees is crucial for attracting and retaining top-tier talent. A progressive company culture, competitive salaries, and traditional benefits will always be a strong foundation for a great…
CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s May Consumer Price Index (CPI) Report: “The headline CPI increased 4% over the last twelve…
The world seems to be changing faster every day. Businesses are being challenged to find ways to cope with these changes while still maintaining high levels of safety, security, profitability…
NCUA Chairman Todd Harperspokeat CONNECT 2023, the MD|DC Credit Union Association’s annual meeting and convention Tuesday. Harper discussed the safety and soundness of the credit union system, interest rate and…
Both 30- and 60-day delinquencies have surpassed levels from before COVID-19, and theConsumer Financial Protection Bureau reportsthe percentage of auto loans transitioning into delinquency is rising at an accelerated rate.…
We’re in the middle of an insurance crisis: Credit Unions and community banks are being dropped by their providers while premiums skyrocket. Likewise, consumers face escalating insurance costs as…
The Federal Reserve held interest rates steady Wednesday, but officials signaled they are prepared to raise rates again this year to tame stubborn inflation. The central bank maintained its benchmark…
If your team breaks out in chills, moans and groans when the phrase “cross-selling” is mentioned, it’s time to re-think some things at your credit union. First, do you have…
In 2023, credit unions are seeing lending slow and deposits drain. The interest rate environment is the top concern for credit union leaders for 2023. The cost of funds is…
Banking has been hit with a whirlwind of technologies in recent years. With growing tech stacks that only continue to increase in complexity, it’s important to pick and choose which…
RememberThe Jetsons?That cartoon imagined an optimistic future in which humans zipped off to work in flying cars and had sassy housecleaning robots like Rosey to make their lives more convenient.…
As the House begins its markup of the FY2024 National Defense Authorization Act, DCUC and our fellow credit union trade associations remain opposed to any amendments from the banking lobby…
The Beach Boys perfectly encapsulatethe sound of summer. Their cheery voices, catchy doo-op tunes and fun themes make their music a perfect companion for a drive on a sunny day.…
As any reputable financial institution (FI) knows, to have a successful deposits program, you must first establish your FI’s Customer Identification Program (CIP). CIP verifies the applicant’s identity, a crucial…
“Why do taxes come out of my paycheck?” “Groceries are so expensive!” These were a few of the common responses to a budgeting simulation with middle school students at Village…
Causes underlying the disruptive workforce trends in recent years continue to exert their influence, contributing to evolutionary change. Understanding the potential for progress that the change brings helps employers overcome…
The Federal Open Market Committee (FOMC) begins its two-day monetary policy setting meeting today. It is expected to hold the federal funds rate at its current range of 5 to…
New digital banking technologies have the power to expand and open market access for American consumers and emerging businesses. In a more competitive market, Americans will be able to earn…
The House and Senate are both in Washington, D.C.,this week, with the House to consider various measures, and the Senate to resume consideration of executive nominations. Consumer Financial Protection Bureau…
This week the so-called Credit Card Competition Act was introduced in the House and Senate. Though unfortunate, it’s no surprise. CUNA, Leagues, and credit unions have been preparing for this…
Segment deposit offers and train frontline staff to navigate the fine lines between members’ goals and those of your credit union. It is tempting to believe that a low cost…
World Council of Credit Unions’ (WOCCU) Senior Vice President of International Advocacy Andrew Price on May 31 outlined the various ways credit unions play a key role in growing financial…
Picture a magic show. Even the most complex acts have some variation of the “pick a card, any card” trick. The card choice might appear random, but there’s actuallyhidden psychologybehind…
America’s credit unions and their more than 135 members vehemently oppose the Credit Card Competition Act, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote to all members of Congress Friday.…