CFO Focus: Federal funds rate considerations for credit unions
The Federal Reserve’s latest 25 bps increase in the fed funds rate presents opportunities and challenges for credit unions. With the grand total of rate increases since early 2022 now…
The Federal Reserve’s latest 25 bps increase in the fed funds rate presents opportunities and challenges for credit unions. With the grand total of rate increases since early 2022 now…
Natural disasters have been a part of the Earth's natural systems since the dawn of time. Galileo once taught that nature is orderly and follows mathematical and physical laws, but…
Fraud is on the rise — bad news for banks and customers alike. In today’s digital world, criminals have more tools at their disposal than ever before. And financial institutions,…
Adlumin recently flagged lateral movement incidents on a customer’s network. The detection was achieved via an AI algorithm designed to aggregate suspicious incidents until they collectively project a high-fidelity threat…
A SWOT analysis is a strategic evaluation technique designed to put a company’s market position into perspective based on its strengths and weaknesses. The SWOT acronym stands for Strengths, Weaknesses,…
CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s April Consumer Price Index (CPI) Report: “In April, the year-over-year headline inflation decreased slightly from…
NAFCU Vice President of Legislative Affairs Brad Thalerwrote to the HouseSmall Business CommitteeTuesday ahead of its hearing to examine the Small Business Administration’s (SBA) 7(a) lending program. Thaler remarkedthat NAFCU…
In one of my recent workshops, an executive shared her struggle with perfectionism in leadership. She talked about the standards she places on herself and her feelings of inadequacy if…
Join NAFCU’s President and CEO, Dan Berger, for an in-depth discussion of the top issues and questions facing the credit union industry today. Learn how your participation and feedback to…
How much do you know about CEO succession planning? Take a quick three-question pop quiz to test your knowledge of CEO succession planning now! Question 1: Approximately how many people…
When new leaders come into an organization, it can cause a lot of fear. It's important to keep your head down and worry about what you can control. Today, I'm…
As member-owned financial institutions, a credit union’s field of membership (FOM) is crucial. The FOM sets the rules forwhomay join the credit union, and therefore receive services from the credit…
The United States Agency for International Development (USAID) this month extended the flagship project of its Venezuela Regional Response Program through May 2026, awarding $14 million toWorld Council of Credit…
NAFCU Senior Counsel for Research and Policy Andrew Morriswrote to the Treasury Departmentto share NAFCU’s concerns with aninformation collection proposalfor Emergency Capital Investment Program (ECIP) participants, which requests that ECIP…
When it comes to managing your credit health, understandinghow credit cards workis important. Credit cards are a popular credit product for consumers. According toTransUnion’s latest Consumer Pulse Study, of those…
Chih Wei Chen developed his work ethic helping out in his family’s Chinese restaurants. His family immigrated to the U.S. from Taiwan when Chen was 12 years old in pursuit…
Three years after the COVID-19 pandemic began, Americans are still feeling its emotional, physical, and economic impact, ever reminding us of the importance of preparing for the unexpected. In 2021,…
A class of goods identified by name as the product of a single firm or manufactureror a characteristic or distinctive kind. That’s the tired definition of brand from Merriam-Webster. That’s…
May the 4th be with you! That’s right everybody…it’s Star Wars Day! No matter what era you prefer (prequels, originals or sequels), you can’t argue with the immense cultural impact…
Trying to stay on the leading edge of technology today is a challenge for banks and credit unions not because there is a lack of information but because there’s such…
The House and Senate are both in Washington, D.C., this week, with the House expected to consider immigration and fraud legislation, and the Senate to resume consideration of nominees. CUNA…
On the latest episode of the “Associations Thrive” podcast, NAFCU President and CEO Dan Berger joined host Joanna Pineda to discuss the NAFCU difference and what the association is doing…
Is what got your bank or credit union to where you are today helping you become future-ready or holding you back? In other words, are legacy processes and thinking getting…
On April 26, 2023, the Financial Crimes Enforcement Network (FinCEN)announceda $1.5 million civil penalty and the filing of aconsent orderagainst Kingdom Trust Company (Kingdom) for violations of the Bank Secrecy…