Turning a perceived competitor into a partner is not a new strategy, but leveraging partners in the digital financial space to gain a competitive edge is increasingly urgent. Inthis episode,Curt…
This week we are honored to have the Vice Chair of the NCUA (and Maine small-town boy), Kyle Hauptman. Kyle opens up about the biggest political and economic issues that…
What are bankers thinking about when it comes to instant payments? Take a look at this infographic containing stats from a recent survey to find out:
“Call me Ishmael.” It’s perhaps one of the most famous opening lines in literature. (Bonus points if you can name the book!) It immediately invokes intrigue. “Is your name not…
Regulatory expectations related to overdraft fees continue to be a trending topic. Now more than ever, it is imperative to re-evaluate your program strategy to avoid compliance headaches and reduce…
As we read in last month’s ALERT, the Defense Credit Union Council (DCUC) was created under the Credit Union National Association (CUNA) in 1963 with 87 credit unions serving 1,327,690…
On February 16, 2023 the NCUA issued itsfinal ruleon cyber incident notification requirements for federally insured credit unions.Compliance teams may not be feeling the pinch, but IT teams might need…
Credit union representatives from across Maine came together in Freeport to recognize the meaningful contributions their network made in 2022 to combat hunger.At a ceremony hosted by the Maine Credit…
The NCUA will host a Credit Union Capital Markets Symposium Apr. 11 at the New York Stock Exchange to share insights from top lawmakers and experts on industry hot topics…
Whether you believe used car values are declining due to high interest rates, an improving (or worsening, depending on your perspective) inventory of new cars, or a slowing economy, the…
Sekou Andrews believes in the power of words. He’ll provide the opening Ed (Filene) Talk at the2023 CUNA Governmental Affairs Conference (GAC), Feb. 26 through March 2 in Washington D.C.…
Our latest Economic Update looks at our macroeconomic and credit union forecast for 2023. CUNA Senior Economist Ligia Vado notes the probability of a recession this year has slightly decreased,…
Twenty-nine credit union leaders from across the United States were designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s signature Development Education (DE) program in…
To say the banking sector constantly changes would be an understatement. Not only do customers expect more on top of regulations becoming stricter, but financial institutions have to reinvent themselves…
Even credit unions with top-notch compliance programs are applying extra scrutiny to their operations this year. That’s because a slew of intensifying pressures warrant additional care and feeding of governance,…
The Defense Credit Union Council (DCUC) continues to evolve and take the lead advocating for the credit union industry and the members they serve. Since 1963, our trade association has…
Credit unions have always enjoyed higher customer engagement than their competitors. Because they don’t have to be concerned with pleasing Wall Street, these financial institutions can spend more time listening…
CUNA joined with other financial services organizations in an amicus brief to clarify that the Fair Credit Reporting Act (FCRA) requires furnishers and credit reporting agencies (CRA) to investigate and…
The NCUA held its February board meeting yesterday and unanimously approved a proposed rule that would reform several NCUA field of membership (FOM) requirements and definitions. The proposal includes aNAFCU-requestedchangeto…
Research shows that theinitial responses when people first talk about good newsor share an idea or goal has a big impact on whether they further pursue that activity or idea.…
The open banking landscape is filled with questions. They are not necessarily about the value that open application programming interface (API) integrations can deliver to financial institutions (FIs) and fintechs…
2022 was a very active year in the payments and financial services industry, and experts are now looking at key market trends that could impact 2023. When highly informed corporate…
Nurturing a credit union community of diversity, equity, and financial inclusion begins at the top, and it can rise from the most unexpected backgrounds. In observance ofBlack History Month, the…
For years, studies revealed that constructive feedback is critical to the successful evolution of professionals in every industry. However, researchers have found that although we recognize the usefulness of feedback,…