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…
Military families are special. The character of their lives is marked by sacrifice, dedication, and unending support. They know what it means to come together as a family unit to…
CUNA'sNational Awards Committee announced the 2021 recipients of the Dora Maxwell Social Responsibility Community Service Award, the Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Awards for Financial Education.…
The NCUA during its October meeting issued afinal ruletoadd an “S” component to the CAMEL rating system, which rates a credit union’s sensitivity to the market. The final rule also…
While empathy is the cornerstone of the credit union mantra, “people helping people,” I would argue it has never been more necessary than today. Regardless of how you feel about…
"Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.” – Stephen R. Covey While author, educator and businessman Stephen…
Artificial intelligence (AI)is a disruptive technology gaining widespread adoption across many industries, including banking and financial services. If you ask someone for an example of AI, you might hear responses…
Innovative, new payment options like Buy Now, Pay Later (BNPL) and point-of-sale (POS) financing are becoming increasingly popular with consumers at checkout — due in large part to their low-friction,…
As an accountant in practice, you will more than likely be familiar with the amount of work and pressure accountants are under during tax season. The sheer volume of work,…
How you frame what you do matters. For credit unions to solve people’s problems and provide real solutions, it helps to know what people are ready to hear and believe.…
NCUAand the Federal Deposit Insurance Corporation are cohosting a webinar focused on helping young people (ages 16–24) on the road to financial stability. Part II of the webinar series “Account…
In ajoint letterto President Joe Biden, Treasury Secretary Janet Yellen, Senate Majority Leader Chuck Schumer, D-N.Y., and Speaker of the House Speaker Nancy Pelosi, D-Calif., NAFCU and several associations representing…
More than half of American workers are actively burned out,according to a survey conducted by Indeed this spring. Between blurred work-life boundaries, global uncertainty, and social isolation in the pandemic,…
Your wedding promises to be a wonderfully memorable day, but it can also come with a wonderfully hefty price tag. There are the major expenses like the venue, food and…
Many lending institutions are flooded with cash right now. Offering personal loans is a great way for deposit-rich banks and credit unions to put that excess liquidity to use. Not…
It sounds obvious, but sometimes we have to remember that the best experience we can offer to members is truly tobe therewhen they need us. In his closing keynote at…
So, a 30-something contact center staffer hired atRoyal Credit Union($3.8B, Eau Claire, WI) in the thick of the pandemic has been growing in her job as she quickly becomes a…
It’s hard to believe that we’re approaching the end of 2021. It’s been nearly two years since COVID-19 began reshaping the fabric of our daily lives, and we’ve been making…