$1.9 billionHughes Federal Credit Unionwas formed in 1952 in Tucson, Arizona, to serve the financial needs of Hughes Aircraft Company (now Raytheon Missiles & Defense) employees and their families. In…
There’s a lot of irony in banking institutions’ deposit strategy right now. Some are using what one banker called a “delay and decay” approach. The idea is to hold out…
Elan Credit Card and Matadors Community Credit Union began their partnership in 2009. Over the last 14 years, Elan has provided Matadors’ 20,000+ members with credit card products, the latest…
What are your expectations for your credit union marketing team? If your credit union is like most organizations, marketing is taking on a more strategic role, moving from traditional roles…
Recent advancements in artificial intelligence, or AI, have captured attention and imagination around the world. In fact, AI and its enabling technology, machine learning, have been around long enough to…
Monthly bills, unexpected emergencies, and the subsequent credit card debt have been known to surprise. Rent due, and your credit union member found themselves with more month than money; tire…
Young adults should go into college or the workforce with a "baseline understanding of how money works," Credit Union League of Connecticut President/CEO Bruce AdamswroteinThe Hartford Courant. Adams wrote in…
NAFCU Chief Economist and Vice President of Research Curt Longappeared on CNBCto discuss how consumer spending makes up nearly 70% of the economy and if that remains high, a recession…
As promised last month, I’ll mix in a little bit of storytelling to my articles for a while. I’ll be celebrating 40 years in lending in September and 35 years…
Features to make digital credit card applications shorter, speedier and less confusing for consumers are becoming more common. Keynova Group has found that top credit card issuers are increasingly taking…
Yep, you read that right. New. Venmo. Credit. Card. It’s a good reminder that your FinTech competitors aren’t just in the peer-to-peer payments business anymore. They’re issuing debit cards, credit…
According to the latestFederal Trade Commissiondata as reported by the fraud prevention education programFirst Line of Defense, the number of reported scams in 2022decreasedby half a million compared to 2021;…
It has never been more important for community lenders to be capable of meeting customers’ demands for seamless digital lending services. Customers want to keep their banking within the community,…
I don’t know about you, but I’ve reopened many things in my life. My favorite thing to reopen is the plate of leftovers that my sister hid in the refrigerator…
CUNA and Leagues launched geotargeted ads about the credit union difference around every statehouse in the month of April to celebrate Financial Literacy Month. The ads reached policymakers across an…
Nothing about leadership is easy…especially making decisions. As your credit union or community bank’s leader, the decisions you make have a critical impact on your institution’s future. Do you rebrand?…
In the credit union world, artificial intelligence is often used for credit scoring and credit card fraud detection. More recently, conversational machine agents have come into common use to boost…
See whatCUNA Newsstaff is up to by watching the Weekly Wrap-up for May 8-12. Who is on the newestCUNA News Podcastepisode? What awards are being handed out? How are credit…
Many credit union executives assume that once they acquire new members, those members will embark on a journey to become loyal account holders. This assumption is often wrong. If those…
Financial institutions need to continue investing in technology if they hope to remain relevant in today’s competitive market. However, establishing business priorities and knowing where to invest can be challenging.…
Times may be tough financially, but that does not mean consumers are skimping on necessities or sacrificing luxuries to get by. Many are leveraging a popular lending concept that facilitates…
I saw once that the original phrase for “a jack-of-all-trades is a master of none” was actually “a jack of all trades is a master of none, but oftentimes better…
CUNAstrongly opposesthe proposed changes to the Small Business Administration’s (SBA) 7(a) loan program, it wrote to the House Small Business Committee for its hearing on the program. Loans made through…
On a seasonally-adjusted basis, overall consumer prices rose 0.4 percent in April, with the overall consumer price index (CPI) rising 5 percent year-over-year. NAFCU Economist Noah Yosif analyzed the data…