Trends credit unions should be monitoring for 2023 include “COVID spending fever,” competition, deposit pricing, tax and insurance increases on escrow, and mergers. COVID Spending Fever One factor carrying over…
Opening a checking account isn't a process to be taken lightly. The onboarding process in the credit union sector is a critical time that allows financial institutions to gather essential…
When a borrower comes to your institution seeking funds, most often aren't arriving with a specifictypeof loan in mind. They have a need and look to their lender for guidance…
Even as its future funding remains unclear, the CFPB has announced two new initiatives—one to increase its focus on repeat offenders and the other to gather information about the auto…
Earlier this month, millions flocked to the polls to cast their vote in the midterm elections. In fact,some are reportingthat while the votes are still not finalized, 2022 turnout is…
Our National Awards Committee announced the 2022 award recipients this week. Each year state Leagues help the committee to identify credit unions and organizations for the: Dora Maxwell Social Responsibility…
The NCUA board received anupdateon the National Credit Union Share Insurance Fund (NCUSIF) for the quarter ending Sept. 30 at its board meeting Thursday. The share insurance fund reported a…
In a new blog post, the CFPB highlighted how the cost of automobiles has risen substantially since the beginning of the COVID-19 pandemic and that auto loans are on track…
The percentage of female CEOs in the credit union industry is on a positive trajectory, rising to approximately 50% in 2021 from about a third in 2017. This ratio is…
Risk assessments. Tedious, compulsory, and painful. Just some of the words used to describe a process that is critical to your institution’s cybersecurity and compliance efforts. Yes, the risk assessment…
America’s service members are exceptional at many things. Their passion, grit and steadfast defense of what’s right keeps all of us safe – something no amount of thanks can ever…
Forming good habits takes time. But for some young people, forming the right ones around managing finances happens either far too late, or not at all. And as new financial…
There are times when an employee needs to get away from it all. And it’s not for a beach or a mountain vacation. Rather, it’s for a medical or family…
In a cyber crisis, who makes the decisions: The senior person? The technical expert? The self-appointed hero? When it comes to effective crisis leadership, removing emotion is critical. Yet our…
In a recentpodcastwith psychologist and author Adam Grant, billionaire, entrepreneur and TV personality Mark Cuban proclaimed Gen Z “the greatest generation.” “They take all the ingredients into account when they’re…
NCUA Chairman Todd Harper testified before the House Financial Services Committee Wednesday, a day after his testimony before the Senate Banking, Housing, and Urban Affairs Committee. CUNAsubmitted a letter for…
The Treasury Departmentreleased a reportWednesday assessing the impact of fintechs in the financial services space.NAFCU met with the departmentearlier this year to share concerns about the lack of accountability and…
The 2022 World Cup is quickly approaching, and many soccer legends are participating in their final world cup games. One of them isLionel Messi—a soccer (or football, for those not…
Remarkable Credit Union · What it Means To Be a Remarkable Credit Union Our podcast is called The Remarkable Credit Union, but what does that mean, exactly? What distinguishes a…
The world of auto finance is broad and complex, and the evolving economic and regulatory environment is only adding to the complexity. As dealers and creditors increase their focus on…
Federal credit union and banking regulators are working on two proposed rules aimed at eliminating racial bias in the home appraisal industry, NCUA Chairman Todd Harper told theHouse Financial Services…
Mobile banking is now the primary way most Millennials and Gen Zers bank. And 46% of Baby Boomers are now using mobile banking since the pandemic. Between early retirement due…
Technology is transforming the banking landscape, but it is cost-prohibitive for smaller institutions and can unfortunately leave out borrowers who need access to capital the most. Recognizing that access to…
With inflation reaching its highest point in 40 years and subsequent steep interest rate hikes, thereal estate investment insurancelandscape has changed significantly this year. For one thing, insurance costs are…