NAFCU, along with other trades,wrote to the CFPBThursday to request the bureau publish the data and analysis it used to justify its credit card late fees proposal. The organizations noted…
On March 14, CUESolutions provider Cuna Mutual Group hosted aSpecial market update: Bank crisis webinardiscussing the current state of the market related to the banking crisis. Since Tuesday, the stream…
Let's get to the first round of voting for the CUNA Mascot Madness bracket. We begin the three-week tournament with the East Region, which features Sammie the Sea Otter of…
The most entertaining sporting event in the country began this week: the NCAA Tournament – more affectionately known as March Madness. There’s nothing quite like flipping on the TV to…
For the past five years, PSCU has set out to gauge the state of payment preferences among credit union members and other financial institution customers (“non-members”) through annual research. Each…
As we have been saying for several of our previous quarterly economic updates, as inflation goes, so goes the U.S. economy. A quick and rapid descent of inflation will take…
Well, I didn’t see this week coming. From last Friday to today, unexpected things happened in financial services and morphed quickly. I don’t see that as abnormal. It really is…
CUNAlaunched a webpageto support and provide resources for member credit unions looking to highlight credit unions’ safety and soundness in the wake of the Silicon Valley Bank collapse. Credit union…
The Federal Reserve announced its FedNow service–which will allow participating credit unions the ability to send and receive real-time payments–will start operating in July. NAFCU haslong supported the Fed’s involvementas…
Today’s members want more tailored interactions.A recent study by AWSshowed that 50% of digital banking consumers expect their credit union to provide a highly personalized experience. In an increasingly digital…
MSU Federal Credit Unionknows college students. For 85 years, the $6.9 billion asset credit union in East Lansing, Mich., has served Michigan State University students, adapting as consumer behavior changed,…
The Community Development Financial Institutions (CDFI) Fund would receive a healthyfive percent increasein funding, or $17 million, in 2024 thanks to the Biden administration’s proposed$6.9 trillion proposed budget. TheCDFI Fund’s…
Are you getting a decent amount of traffic to your credit union website but not a lot of engagement? If you’re seeing visitors click through to a page only to…
Fintechs came onto the scene over a decade ago. Ever since,digital transformationandoptimizationhave been buzzwords in the banking industry. The emphasis on digital transformation picked up speed after the financial crisis…
A car may be one of the biggest purchases you’ll ever make, so it’s important to feel confident you’re getting a good deal. Your credit can play an important role…
The U.S. Agency for International Development/World Council of Credit Unions’ (WOCCU)Economic Inclusion Projectintroduced to more than 100 representatives of Peru’s financial sector a formal guide that will help them identify…
On a seasonally-adjusted basis, overall consumer prices rose 0.4 percent in February, with the overall consumer price index (CPI) growing 6 percent year-over-year. NAFCU Economist Noah Yosif analyzed the data…
Leaders have a huge impact on our employees’ state of mind. Virtually everything we do and say elicits a psychological reaction. We can make them feel positive, engaged and empowered,orwe…
Sometimes the perfect message is hidden away and hard to discover. Sometimes the right messaging opportunities are staring you in the face. But your community bank or credit union marketing…
Banking just isn’t the same as it used to be – products, people, and technology have all evolved. While at the end of the day the goal is the same…
Astudy of 10,000 millennials showed the four most hated brands were banks. This is probably why many of us have turned to alternative nonbanks and startups. However, credit unions are…
Small businesses are the backbone of America. But, too often, they partner with banks that don’t offer the personaltouch, care or attention their business deserves. In this episode, we speak…
What type of member information can be shared? Who can we share member’s information with? When can we share member’s information? NAFCU’s Compliance Team regularly fields these types of questions…
The collapse of Silicon Valley Bank last week is the second largest failure of a financial institution in U.S. history. The bank was shut down and put under the control…