In a recentsurveyof more than 250 bankers representing banks and credit unions, 61% of respondents said their financial institution plans to maintain or increaseSmall Business Administration loan originationthis year and…
The whole notion of a bank-credit union combination seems awkward, given the different ownership and governance structures. Such combinations have been very rare until fairly recently. Inter-industry combinations hit a…
On Thursday, September 9, 2021 the Biden administration issued a plan and some Executive Orders relative to the pandemic, including an Orderrequiring COVID-19 vaccines for certain workers such as “federal…
A sound risk management strategy for lenders should include a comprehensive insurance tracking program to remain protected from loss. This whitepaper discuses regulations and compliance issues related to tracking insurance…
Credit unions presented Children’s Miracle Network (CMN) Hospitals with a check for $180,059 Sunday morning just before the 48thrunning of the Credit Union Cherry Blossom Ten Mile Run. Credit unions…
Kicking off this Sunday,NAFCU’s Congressional Caucuswill provide attendees with the opportunity to share their credit unions’ story and play an active role in advocating for the industry’s 125 million members.Of…
The 20thanniversary of the Sept. 11 attacks serves as a grim but necessary reminder that disaster can come without warning. CUES member Steve Bugg, president/CEO of $1 billionGreat Lakes Credit…
Consumer acceptance of online bill payments is increasing, along with expectations for a seamless bill payment experience driven by retail leaders and increasingly innovative payment methods. To reduce friction in…
At the end of July, the National Credit Union Administration (NCUA)publisheda request for information (RFI) in the Federal Register on decentralized finance (DeFi), digital assets , distributed ledger technology (DLT),…
For credit unions and community banks, a branch or main office construction project represents more than an opportunity to grow your organization. It’s an opportunity to demonstrate your commitment to…
The founding purpose of credit unions has been to serve their members. When society and consumers’ needs evolve based on the advanced tools and technologies they utilize every day, so…
In arecent interview from McKinsey, author and social psychologist Vanessa Bohns discusses failing to recognize our innate ability to influence, resulting in missed opportunities or the misusing of power. In…
Credit union lending and compliance leaders will learn practical strategies for complying with fair lending regulations at CUNA Fair Lending Virtual Workshop, Oct.12 and 13. “Regulators are increasing their focus…
NAFCU Regulatory Affairs Counsel James Akin Wednesdaywrote to the Federal Reservein response to itsproposed amendments and modifications to Regulation Jpertaining to the release of the FedNow service to offer support…
The path of the global and domestic economy continues to vex us in the relatively uncertain COVID-19-recovery world. The only precedent that might guide us is the end of World…
Usually, inflation isn’t too bad. In the past decade, for instance, prices have risen by less than two percent a year. In the wake of the pandemic, however, prices have…
Providing your employees with robust health benefits is one of the surest ways to maintain a happy and healthy workforce and remain competitive in the current labor market. The slight…
Payments modernization strategies can be tricky. On the one hand, many organizations, from large multinational banks to smaller local credit unions, have well-established payment operations to support existing volume and…
Do you often check your phone for notifications? Are you reading this article from your phone? If your answer to both of these questions was “yes,” don’t be surprised. Mobile…
The Delta variant is surging, raising the specter of another onslaught of widespread shutdowns as a growing list of schools return to virtual learning and many retail businesses report staff…
Credit unions need to work together against a proposal that would require financial institutions to report money moving into and out of accounts to the Internal Revenue Service (IRS), said…
The U.S. District Court for the Western District of Texasupheldthe Payment Provisions in the CFPB’s 2017payday lending ruleand marked the effective date as June 13, 2022. In response, CFPB Acting…
As some organizations start bringing employees back to the office, many are finding that not all team members are excited to be transitioning back to an office environment full time.…
The adoption of digital technology reached a tipping point during the pandemic. Companies accelerated the digitization of their customer and supply-chain interactions, as well as internal operations, by three to…