Strategic planning—now there are two words that can strike cynicism and frustration into the hearts of any bank or credit union executive. And with good reason. Financial institutions spend a…
During its June 2021 open meeting, the National Credit Union Administration (NCUA) Board approved a final ruleeliminating the prohibition on the capitalization of interest in loan workouts and modifications. The…
A funny thing happened on the way to the great reflation trade that, just a few weeks ago, was the dominant market theme. The reflation trade was supposed to get…
“CDFIs, at the heart of it, are community lenders. If you think about where banks step out, CDFIs step in. They deliver responsible capital where it is needed in a…
Electronic bill payments are only possible because of the payment methods that make digital fund transfers possible. The “big three” funding methods of electronic bill presentment and payments (EBPP) include…
TheWorld Council of Credit Unionswelcomed hundreds of credit union professionals to day one of the 2021 World Credit Union Conference, opening the first all-virtual WCUC with a keynote speech and…
On a seasonally-adjusted basis, overall consumer prices rose 0.9 percent in June, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 5.3 percent over the…
Transitioning into a leadership role for the first time can feel overwhelming and uncertain. More often than not, new managers aren’t provided training on where to focus their time and…
UW Credit Union in Madison, Wis., reduced its overdraft and (OD) and nonsufficient funds (NSF) fees by more than 80%, to $5 per occurrence from $30. The $4.5 billion asset…
For many banks, the ability to offer small-business loans efficiently, quickly and compliantly has been more of an aspiration than a reality. The technical, financial and staffing obstacles involved in…
Next month’s DCUC Annual Conference is focused on the role of emerging technology and how credit unions can (and should) consider transitioning to better platforms and applications to serve their…
Contrary to popular belief, members of Generation Z can’t simply be looked at as the “new millennials.” This generation of young people, born between 1997 and 2012, according to Pew…
Family vacations can be wonderful events (especially after being cooped up for the last 12 months!) that will give you and your children memories that last a lifetime. However, they…
It’s Monday morning. You hit the office early, logging in to your computer expecting to get a jump on the day. However, this time something is different. Your computer is…
As CUNA and Leagues work to ensure interchange regulations are not extended to credit card programs, CUNA seeks input from credit unions with credit card programs for its Credit Card…
NAFCU Senior Counsel for Research and Policy Andrew Morris Monday wrote to the Federal Reserve to offer the association's concerns and recommendations regarding a set of proposed guidelines the Federal…
Employers across the country are planning for a “post-COVID” world and, while many companies and employees intend to return to the office, many have adjusted to remote work, requiring companies…
When we made the decision to work remotely for “at least two weeks” on March 13, 2020, I never imagined it would be my last day in the office. We…
Dashboards have become buzzwords in the analytics world — and inside many a credit union business unit. They have been lauded as the magic pill for credit unions who want…
Figital. It’s one of the latest, greatest buzz words out there. And it seems the definition is a bit…well…fluid. So, how does “figital” apply to banks and credit unions? Glad…
When the COVID-19 pandemic hit in March 2020, millions of Americans had to adjust to statewide shutdowns that lasted for months. During that time, we adapted to living entirely different…
Buildings often don’t get the credit they deserve. They ground your organization and play a deep, cultural role – even when many employees aren’t there. They serve as a physical…
What happens when the industry you operate in is in transition and you no longer know exactly who you’re competing against? What happens when change is occurring so rapidly that…
CUNA supports the Federal Reserve Board creating “clear and consistent” guidelines for access to Reserve Bank accounts and services, it wrote Monday. CUNA’s letter is in response to proposed guidelines…