Cecilia Muñoz had worked as the director of intergovernmental affairs for President Barack Obama for three years when she was promoted to director of domestic policy and something happened that…
NCUA issued a Letter to Credit Unions (21-CU-13) reminding all federally insured credit unions the finalfinalsubordinated debt rulebecomes effective Jan.1, 2022. The final rule amends various parts of the NCUA’s…
The Bureau of Labor Statistics Friday issued the October Jobs Report which revealed non-farm payrolls increased by 531,000 last month. Of note, August and September job gains were revised upward…
Creating a web of prevention, detection, and prediction is the best defense against fraud.In some cases, it will require slight tweaks to an existing fraud strategy to prevent massive losses.…
A CEO recently told me that credit unions need to talk more about Financial Well-Being for All. We need to be more present, more consistent, to ensure it remains at…
If you feel like debt is weighing you down, but you want to build up some savings, too, you’re not alone. Ourquarterly Consumer Pulseshows that, despite challenges to household budgets,…
Let’s start off with a simple question: What type of data does your business store? A. Client or donor information B. Internal proprietary data C. Financial Data D. Trade Secrets…
Moodormode? Did you know both words share the same root word? Modality. Amodalityis the way or mode in which something exists or is done. I point this out because it’s…
On November 4, 2021, the Occupational Safety and Health Administration (OSHA) published its awaitedvaccine mandatefor employers with 100+ employees. This interim final rule, published as an Emergency Temporary Standard, goes…
CUNA Senior Economist Dawit Kebedeissued the following statement in response to the Labor Department’s October Jobs Report: “The job market showed strong growth in October, as expected, after two months…
NAFCU,along with over 80 trade associations,Thursdaysent a letterto CFPB Director Rohit Chopra urging for an extension to the Bureau’s 90-day comment period for its section 1071 proposed rule. The group…
People need new ways to think about and talk about diversity. Leaders need new skills to enable equity and inclusion in the workplace. And organizations need scalable ways to ensure…
As part of its “Navigating and Understanding the End of Pandemic-Era Homeowner Protection Programs” (21-CU-09, blogged abouthere), the NCUA published a set ofFAQsregarding the end of COVID-19 forbearance programs and…
To start, let’s keep it simple. Think of the gateway as a helpful tool that you, your customers, or your employees can use to approve or decline a transaction, which…
Reported fraud continues to increase in frequency, complexity, and severity. According to the Federal Trade Commission (FTC) the top 5 types of scams include: Imposter scams, fake internet services, false…
On a recentWorld Council of Credit Unionswebinarleading up to the G20 conference in Rome, Italy,CUNA’s Executive Vice President and Chief Advocacy OfficerRyan Donovanoffered a reminder to credit union executives why…
Nature never fails to teach us life lessons in all ways, shapes, and forms. Just like the natural world adapts to constant changes, so should our organizations. When it comes…
Credit unions have profound interest in preserving the Department of Defense’s (DoD) discretionary authority to allow credit unions to use land and space on military bases at a nominal rate,…
TheFederal Open Market Committee (FOMC) Wednesdaymaintained the federal funds target rate near its current range of 0 to 0.25 percent. The Committee acknowledged that the rise in COVID-19 cases has…
Since the early 1980s, business-owned life insurance or BOLI has been the go-to strategy for banks and credit unions to offset the cost of executive and employee benefits. At the…
Over the course of the pandemic, credit unions have seen their balance sheets grow at an accelerated pace. This has been fueled by COVID-related policy response, including multiple stimulus payments…
If your personal data has been compromised, you often won't learn about it untilT-Mobile,Facebook,Marriott,DoorDash,LinkedInor any other company you're trusted with your information notifies you about a data breach. By that…
In the early months of COVID-19,ELGA Credit Union($1.15B, Burton, MI) became one of the first local financial institutions to reopen its branch lobbies in and around Flint, MI. Soon, the…
On September 27, 2021, NCUA publisheda notice in theFederal Registerregarding the Call Report. The notice is only about a page long, and is seeking comments on changes that include: Restructuring…