PODCAST: Advocacy in 2022
Given the wide-ranging events of 2021, including the Jan. 6 attack on the U.S. Capitol, the inauguration of a new president, and a new party assuming control of both chambers…
Syndicated
Getting to ‘know your customer’ in new ways promotes trust and prevents fraud
By now, most folks who do any banking online have seen warning after warning—often from their financial institution—not to divulge personally identifiable information online (looking atyou, Facebook “Answer these 10…
Supreme Court stays the OSHA ETS
Yesterday, theUnites States Supreme Courtgranted the emergency relief requested inNational Federation of Independent Business v. Occupational Safety and Health Administration(OSHA). That is a case challenging OSHA’s emergency temporary standard (ETS)…
Senators have mixed reaction to CFPB lending proposal
Credit unions and consumer groups are not the only ones vehemently disagreeing over the Consumer Financial Protection Bureau’s proposed rule to require financial institutions to report their lending to minority-owned…
Why we are researching the future of credit union workplaces
Credit unions and community banks find themselves competing in an escalating war for talent as labor shortages intensify. Faced with unprecedented career opportunities, workers are putting serious thought into what…
Finding your why
As leaders, and as people, it’s important to recognize our true purpose in this world. As the coronavirus pandemic and its effects trudge toward a third year, it can be…
CUNA backs FHFA mission to support affordable housing
CUNA looks forward toworkingwith the Federal Housing Finance Agency (FHFA) Director on credit union priorities and encourages FHFA to use CUNA as a resource. FHFA Acting Director Sandra Thompson was…
NAFCU voices concerns regarding Treasury’s CDFI Fund application backlog
NAFCU Vice President of Regulatory Affairs Ann Kossachevwrote to the Treasury’s Community Development Financial Institutions Fund (CDFI Fund)Wednesday requesting enhanced transparency and communication on pending applications for credit unions seeking…
CFO Focus: Not the dreaded ‘D’ word
“I am really concerned about these long assets!” –At least one member on your board The year was 1996, and I was in an asset/liability committee meeting early in my…
Technology is only one piece of true digital transformation in banking
Digital transformation is one of those buzzwords tossed around pretty freely these days. But when you go beyond the hype, what does digital transformation truly mean for banks and credit…
NAFCU: Treasury Department is not ‘forthright’ about CDFI backlog
The Community Development Financial Institutions program has a serious backlog of applications, and the Treasury Department is failing to be forthright about it with credit unions waiting for their applications…
Core conversions need marketing love, too
Technology moves fast, and credit unions need to move faster. Or at least keep up. If changing or upgrading your core processor is on the table, here’s why Marketing needs…
4 ways to maximize your digital banking services, and why it matters
While digital banking services may have made its mark in the last few years, it strikes many as no surprise that membership growth in credit unions has been at itsslowest…
Amy Cuddy will outline steps to harness ‘power of presence’ at CUNA GAC
Social psychologist, NYT-bestselling author and award-winning Harvard lecturer Amy Cuddy will outline simple techniques to help attendees harness the power of presence and perform at peak levels under stress during…
Powell: The Fed will utilize all its tools to tackle inflation
Federal Reserve Chairman Jerome Powell Tuesday testified before the Senate Banking Committee as part of his nomination process to serve a second term as Chairman of the Federal Reserve Board.…
NextGen Know-How: Your 2022 leadership checklist
Many of us look forward to a fresh start at the beginning of a new year. The past two years have been chaotic, stressful and challenging for most of us,…
Median household income falls 2.9% in 2020
The median household income in the U.S. decreased 2.9% from 2019 to 2020, from $69,560 to $67,521, according to theU.S. Census Bureau. This is the first “statistically significant decline” in…
Tips for finding the perfect mentor: An interview with Kim Pollok
How do you get advice that can actually help further your professional development? Get a mentor! Great, but how do you go about getting a mentor? Who should you approach…
Bank of America slashes fees for account overdrafts
Bank of America slashed the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks. It's…
Year-end wrap-up: Was 2021 the year of crypto?
2021 had some big news headlines. From the dynamic political environment following the election and ongoing coverage of the COVID-19 pandemic to mental health awareness at the Olympics and civilians…
New Year’s resolutions Part 2: The CFPB
Last week,we blogged aboutFinCEN’s “New Year’s Resolutions,” as laid out in the Fall 2021 Rulemaking Agendas they published in December. Today we’ll take a look at the agenda of another…
New York Credit Union Foundation doubles down on support for small credit unions
The New York Credit Union Foundation board of trustees has approved two new measures that will help small-asset-sized credit unions in the state gain further access to critical resources within…
NAFCU details key industry priorities for Congress, regulators
As NAFCU moves forward with its 2022 advocacy priorities, NAFCU President and CEO Dan Berger Monday sent several key federal agencies and administration officials an outline of the priorities and…
Financial readiness: “Why we do what we do”
Military readiness is what commanders certify prior to deployment. It would be disastrous to commence a particular operational plan if the units tasked cannot meet minimal manpower, training, and equipment…