Tony Repanich, president and chief operating officer of Shield Compliance, joins Tom Bengtson, president of NFR Communications and publisher of BankBeat magazine and BankBeat.biz, for an interview about the challenges…
When you pass away, you leave many material things behind — “you can’t take it with you,” as the saying goes. That can include assets like real estate, cash, vehicles,…
Credit unions have been interested in working with fintech providers for quite some time. However, lingering concerns that fintechs, aka “digital disruptors,” would create more competition for traditional financial services…
Improved supervision and data reporting in the world’s second-most populous country combined with continued growth across the globe resulted in a 29% year-to-year increase in international credit union membership, according…
NAFCU President and CEO Dan Berger Mondaywrote to CFPB Director Rohit Choprato address the Bureau'sproposed ruleto implement changes made by section 1071 of the Dodd-Frank Act and its likely effects…
The phrase “data center of excellence” has been known to strike fear in the hearts of many. That’s because it conjures up nightmarish visions of the most dreaded of analytics…
The path toward becoming a chief lending officer (CLO)—no matter where you start—begins with realizing and vocalizing your intentions. “If you’re looking to make the climb, you need to communicate…
In a time of rising consumer awareness, increasing competition and political and regulatory scrutiny, overdraft charges are casting some financial institutions as villains, even if they complying with Reg E…
If you’ve ever worked with a payments product development team, you may have heard the term SDK technology. SDK stands for software development kit. In simple terms, it is a…
Exit Interview is a new series from CreditUnions.com that shares the insight and experience of credit union executives who are retiring after many years of service to the movement. Doug…
Two nominations have been received for thenine open director positions on CUNA’s Board of Directors. The deadline for nominations and seconds is Thursday, Nov. 11. In contested elections, voting will…
Rep. Drew Ferguson, R-Ga.,introduced legislation that would block the IRS reporting requirementscurrently included in the fiscal year 2022 budget reconciliation package, the Build Back Better Act. The bill is co-sponsored…
In the past, I’ve joked about seeing myself as an amateur economist. I’ve also joked about how I’ve predicted seven of the last three recessions. Being an amateur economist, however,…
Corporate shareholders want to see their investments grow in an organization. They look for a viable strategy, sustainable vision, and strong financial performance. When the company fails to deliver on…
Every year, Jack Henry surveys hundreds of financial institution decision-makers about their strategic priorities and technology plans. When asked about open banking, 55% of respondents to the 2021 survey said…
Are you speaking the love language of your members? As credit unions, you’re not serving numbers. You’re serving people. And people? Well, they tend to have a whole lot of…
Author’s Note:Hi All—I want to take the time to introduce myself to the credit union community. My name is Justin White and I started at NAFCU in August 2021 as…
More than ever, the ability to provide transactional and engagement functionality across digital channels is a critical component to success in banking. Traditional financial institutions must do more than just…
Sixty-four participants from three states were selected to participate in the inaugural Tristate Mentor Match - a 12-month formal mentorship program developed in partnership by theMinnesota Credit Union Network,Montana’s Credit…
In ajoint trade lettersent to Congress Thursday, NAFCU called on Congress to reject the proposed IRS reporting requirement under consideration in the budget reconciliation package, which isstill making its way…
Last week, the Consumer Financial Protection Bureau (CFPB)announcedthe filing of acomplaintandproposed judgmentagainst American Advisors Group (AAG) in the U.S. District Court for the Central District of California for violations of…
First, let’s get on the same page about what a LIE is. A lie isan untruthful assertion in which the speaker intends to cause belief in the truth of a…
The high-wire act on Capitol Hill, encompassing infrastructure, an expanded social safety net, the federal debt ceiling and a stopgap bill to keep the government open past September 30 also…
Credit unions have traditionally viewed customer acquisition through the lens of depository products, like checking and savings accounts, while lending has typically been relegated to cross-sell products. Today, however, many…