The Federal Reserve Board Fridayadopted a final rulethat identifies benchmark rates based on the Secured Overnight Financing Rate (SOFR) to replace the London Interbank Offered Rate (LIBOR) in certain financial…
My closest friends and employees know a few things about my love of Christmas, one of them being that my wife and I open a storage bin of Christmas DVDs…
It’s no secret that more and more credit unions are facing liquidity challenges – many are loaned out with more low yield, longer-term assets on the balance sheet than they…
The divided government in the next Congress presents unique opportunities for credit unions because we’ve spent years building up trust on both sides of the aisle. We represent the chance…
The rising interest rate market means spreads are back—and credit unions, like other financial institutions—will be looking to make loans. However, rising rates also mean the end of the mortgage…
On December 7, 2022, the Consumer Financial Protection Bureau (CFPB)releasedareportdetailing how few active duty reservists or active duty national guard members take advantage of theServicemembers Civil Relief Act(SCRA) benefits. The…
Sekou Andrews, creator of Poetic Voice speaking, will provide the openingEd (Filene) Talkat 2023CUNA Governmental Affairs Conference(GAC).Thesession is sponsored by CUNA Councils. Seamlessly blending inspirational speaking with spoken word poetry,…
The NCUA Board met for their final meeting of 2022 to discuss the Share Insurance Fund (SIF), the proposed rule related to financial innovation, and the agency’s 2023-2024 budget. Notably,…
54 credit union leaders from across the United States, Kenya, and the Kingdom of Eswatini were designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s…
While many view the board as the heart of the membership, the supervisory committee is its eyes and years, ensuring the credit union follows its policies and procedures, internal controls,…
Great innovations don't come along every day. And, usually, these ideas can't be fully realized unless the right conditions are met. Funding needs to be available, key players need to…
I am a big proponent of self-reflection as a way to strengthen relationships with my teams. With 2022 coming to a close, I wanted to take some time to reflect…
Without a doubt, the economic story of the past year has been the highest inflation in decades. Not only is it impacting current financial and economic activity, but it is…
As we celebrate the season of giving, we are reminded of the amazing contributions credit unions make each year to their local communities. Once again in 2022, Co-op Solutions and…
The NCUA Board issued a proposal regarding the purchase of loan participations and set the 2023 Normal Operating Level at 1.33% (same as 2022) at its Dec. 15 meeting. The…
NAFCU President and CEO Dan Berger spent Wednesday on Capitol Hill meeting with credit union champions, including House Majority Leader-elect Steve Scalise, R-La., and Rep. Roger Williams, R-Texas, to discuss…
Ready for an astounding fact? According toSiteefy, 1.5 quintillion bytes of content are created every day. That number is expected to increase by 25% in 2022 and more than double…
You know your Credit Union needs to rethink its marketing strategy going into 2023. But how, exactly, are you going to do marketing differently? To help you answer this question,…
Everyone knows that theholidays are expensive, and one of the biggest expenses is buying gifts for everyone. You don’t just want to buy any old gift, though. You want to…
In late August of this year,Inclusiv/CapitaldirectorCathi Kimhad theopportunity to attendthe initial Native American Financial Institutions Gathering discussing the subject of Native CDFIs at theCenter for Indian Country Developmentin Minneapolis. What…
Once relatively rare, fiduciary liability litigation is on the rise across the country: In 2019, participants in Anthem Inc.’s 401(k) plan reached a$23.7 millionsettlement in an ERISA fiduciary breach lawsuit.…
CUNA Senior Economist Dawit Kebede issued the following statement following the Federal Reserve meeting Wednesday: “The Federal Reserve Open Market Committee (FOMC), as expected, raised the federal funds rate by…
NAFCU Vice President of Legislative Affairs Brad Thalerwrote to the House Financial Services Committee (HFSC)ahead of today’sCFPB oversight hearing. In the letter, Thaler expressed NAFCU’s “thoughts on some current issues…
In mylast column, I sharedbest practices for writing an effective annual performance review. In this post, I will provide strategies for making the evaluation meeting more comfortable, conversational, and meaningful.…