TheWest Regionchampion ofCUNA's Mascot Madnesstournament is ... Share Bear Share Bear, themischievous mascot of $8.7 billion assetIdaho Central Credit Unionin Pocatello, Idaho,received 541 votes (58.74%) to win a region that…
When it comes to taxes, IRAs and 401(k) retirement accounts offer a pretty good deal. When you put some of your paycheck into those accounts, that money isn’t counted toward…
It’s always easier to kick the can down the road…or at least itfeelseasier. Itfeelslike less work. Itfeelsless expensive. But no matter how it feels, avoiding pressing issues now will harm…
Every day we are bombarded with news about the threat of cyber-attacks looming over financial institutions. Let’s face it, at times, it can be overwhelming. The constant warnings of impending…
Credit unions are facing historic challenges that make compliance increasingly difficult: high staff turnover and increased regulatory oversight. But a thorough compliance management program can help credit unions manage staffing…
Sometimes, credit union professionals are presented with the issue of allocating credit card payments to an account with more than one balance. Once you receive the minimum payment from your…
NCUA released the March 2023 update of its Simplified CECL Tool.For most credit unions, CECL became effective at the start of 2023. For credit unions that started using the Simplified…
The U.S. Court of Appeals for the Second Circuit issued a decision Thursday in which it says the CFPB’s funding structure is constitutional as it was authorized by Congress and…
We're more than halfway through the first round of CUNA's first-everMascot Madness tournament. Watch the latest CUNA News Weekly Wrap-up to see which mascots are earning votes, who has advanced…
CUNA and Leagues continue to get the word out about credit union safety and soundness. We’ve reached out to members of Congress highlighting the ways credit unions are a stable,…
"No man ever steps in the same river twice, for it's not the same river and he's not the same man." This quote from Heraclitus illustrates that in both life…
In lending, it’s often a case of “racing to the bottom” regarding rates and pricing. Competitors all try to have the best and lowest rates in town to maximize their…
As we discussed in part one of ourQ1-2 2023 Economic Outlook, the financial sector appears well-positioned for an economic downturn. That being said, we are seeing the deterioration in delinquencies…
Over the last few years, we have all become familiar with operating our businesses in highly uncertain environments. Continued murkiness surrounding the possibility of a recession, the release of sometimes-troubling…
CUNAwrote in supportof legislation to establish an “appropriate” compliance timeline for the Consumer Financial Protection Bureau’s (CFPB) section 1071 rulemaking. The Small Lenders Exempt from New Data and Excessive Reporting…
NAFCU Senior Vice President of Government Affairs Greg Mesack sent member credit unions an update on discussions and efforts underway in Washington, D.C., in response to recent bank failures. Of…
Many of us are watching as the United States grapples with the failures of Silicon Valley Bank and Signature Bank, and Republic Bank receiving an infusion of USD 30 billion…
The Midwest Region ofCUNA's Mascot Madnesstournament wasn't decided until the final day of voting. But with 36.4% percent of the vote, the regional champion is ... Boomer Froggy Boomer, the…
A credit union board can be the institution’s biggest asset…or its biggest liability. As volunteers, board members enter their roles with varying degrees of experience and tend to stay on…
It’s long been a challenge for credit unions across the country to attract talent that stays. “Most attrition was/has been occurring in the front-line employees hired in the last 12…
For many American consumers, 2023 represents an opportunity to begin rebuilding their financial health and wellness goals that were essentially detonated with the arrival of the COVID-19 pandemic three years…
CUNA Senior Economist Dawit Kebede, PhD, issued the following statement following the Federal Reserve meeting today: “The Federal Reserve Open Market Committee (FOMC) increased the federal funds rate by 25…
The NCUA released its2022 Annual ReportTuesday highlighting the agency’s top activities, policy initiatives, and key accomplishments from the previous year. The report showed a heavy focus on helping credit unions…
Finding the right strategy for growth is a challenge for many credit unions today. According to the mostrecent data from the NCUA, annual membership growth hovers around 4.4%. And credit…