Credit union loans outstanding increased 0.5% in September, compared to a 1.0% increase in August of 2021 and a 0.5% increase in September of 2020., according to CUNA's latestMonthly Credit…
On a seasonally-adjusted basis, overall consumer prices rose 0.9 percent in October, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 6.2 percent over the…
It’s been called the “turnover tsunami” and the “great resignation.” A predicted massive outflux of employees is already beginning to be felt in some organizations. Employees of all kinds from…
Society loves a classic, authentic underdog story. Whether it be in sports, film, or life, people can’t help but root for the underdog. You’ve seen it all in other contexts,…
There’s no getting around it—navigating the ins and outs of health benefits is a complicated task for business owners. You are not only tasked with determining what type ofhealth insurance…
In these days of unbridled cynicism and skepticism centered around bad-faith politics and social upheaval, it seems the power of hope is one of those old-fashioned ideas that appears to…
The impact stemming from the pandemic on credit unions and auto loan servicing is ongoing. OEMs have been shut down, stimulus payments have created a surprising decrease in delinquencies as…
During February 2022’sFoundation Dinner, Credit Union Hall of Famer, Roger Heacock, will receive the Herb Wegner Memorial Award for Outstanding Individual Achievement, recognizing his decades-long support and leadership at a…
The NCUA board will hear a briefing on modernized examination tools and the agency’s COVID-19 response. The meeting will be streamed live on NCUA.gov starting 10 a.m. ET. The board…
NAFCU's Regulatory Committee met Tuesday and discussed the Financial Stability Oversight Council’s (FSOC) October meeting regarding climate change where a long-awaited report detailing climate-related financial risks and recommendations was unveiled.…
The pandemic has impacted people in various ways over the past 18 months, and researchers are reporting that many employees are feeling exhausted, burned out and stressed. Gallup has found…
On Veterans Day, we remember first those who fell and never came home. We remember our veterans with appreciation and respect.We remember them as examples of valor and selfless service…
High employee satisfaction is often confused with strong organizational culture. While happy and engaged team members are key, they are not enough to ensure an organization’s ultimate success. Indeed, an…
The NAFCU compliance team sometimes receives questions regarding the role of a credit union’s officers in Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance. Let’s review some of the…
Nearly 20 months after its emergence, the COVID-19 pandemic is still impacting the U.S. economy and consumers, as well as the global economic landscape. The economy and its outlook have…
When Winter Storm Uri—or as I like to call it, the Snowpocalypse—hit Texas back in February, leaving over three and a half million residents without power for multiple days, I…
CUNA received two additional nominations for its Board if Directors this week. Nominations are now being accepted for nine open director positions on the board.The deadline for nominations and seconds…
The Federal Reserve’sOctober senior loan officer opinion survey (SLOOS)found that over the third quarter, banks generally reported having eased standards and terms regarding C&I loans to firms of all sizes.…
Deciding how to safeguard your credit union's loan portfolio can seem like a complicated decision, and it can be tempting to go with the option that seems easiest on the…
In 2021, nearly four million people quit their jobs, which, according to theU.S. Bureau of Labor Statistics, the number of job openings jumped to 10.1 million because of it. This…
As community-based institutions, credit unions are well positioned to truly understand the unique needs of their members. With digital platforms and evolving technologies transforming the landscape, credit union leaders have…
Popular investing appRobinhoodsaid Monday that it suffered a security breach last week where hackers accessed some personal information for roughly 7 million users and demanded a ransom payment. The online…
We are a society of multitaskers armed with smartphone technology. We pay bills from our phones on our lunch break, text while doing just about everything, and respond to emails…
For credit unions to have a meaningful impact on members and communities, they must first focus on the people who directly serve those members and communities. For that reason, the…