Regulatory technology, or RegTech, was developed in the wake of the FinTech revolution and has been continuously expanding since the financial crisis of 2008. Experts predict it will rapidly advance…
More we, less me. Sounds pretty basic, but it can make or break the culture at your financial institution. So, are you ready to really tap into the power of…
Happy Monday, compliance peeps! We’ve made it toanother week, and the first day of summer is here! I hope that you have some plans to enjoy it in the coming…
The House will consider a CUNA-supported repeal of the Office of the Comptroller of the Currency’s “true lender” proposal this week. The House Financial Services Committee will also mark up…
NAFCU Thursday wrote to the NCUA in response to the agency's interim final rule (IFR) renewing temporary prompt corrective action (PCA) regulatory relief for federally-insured credit unions (FICUs). In the…
Ed Baranowski, retired CEO of Fairwinds Credit Union, used to lament 25 years ago about “stupid competition.” Trying to meet stupid competition is rarely profitable. Today we’re faced with some…
Pride Month reminds us that all people deserve to be treated equally when they walk through the doors of a credit union regardless of sexual orientation, skin color, religion, or…
While vaccination rates are on the rise and cities begin to reopen, the credit union industry is still pivoting to respond to pandemic-driven economic issues. Though auto loan delinquencies have…
Jump on any zoom call, walk into any corporate board room, or sit down with any small-business owner, and the one thing you will hear business leaders talking about right…
Collection agencies are an integral part of the economy. The ability to collect on outstanding debts is something that many people cannot do, and as a result, they often turn…
Peoples’ expectations and definition of trustworthiness are broadening for leaders. It takes a lot for leaders to gain the trust of their employees and teammates. According to Ron Carucci, these…
In our recent blog postHow to Identify Home Lending Opportunities, we discussed identifying and supporting account holders through their mortgage research process. Being there at every stage builds a foundation…
KEMBA Financial Credit Unionfaced a familiar challenge—they wanted to enable and provide more people in the community access to affordable credit while effectively managing risk. Founded in 1933, the 87-year-old…
The Federal Communications Commission (FCC) announced a beta test period for credit unions to access its Reassigned Numbers Database for free from July 1 through Sept. 30. According to the…
The Federal Open Market Committee (FOMC) maintained the federal funds rate target at a range of 0 to 0.25 percent.The Committee remains firm that current inflation is transitory and that…
Since day one, Golden 1 Credit Union has been committed to the credit union difference—people helping people. With that philosophy, what started in 1933 with 22 members and less than…
I started working in the credit union industry a little over five years ago. I came to Pen Air Federal Credit Union from the retail world and was recruited by…
An airline-based credit union is flying high in the land yacht business. Over the past several years,Alliant Credit Union($14.0B, Chicago, IL) has built a recreational vehicle loan portfolio that is…
The municipal bond market took a wild ride in the first half of the year to near-historic levels of richness versus Treasuries that is rarely seen, and the environment is…
I don’t know how to begin her story because I know, and she knows, how it will end. And every time I think about it, I break. I’ve avoided writing…
In this episode, we’re talking all about the value artificial intelligence is bringing to credit unions. We’re getting into the challenges credit unions are experiencing, and the solutions that AI…
We spoke to Emilie Hibbard, a recent Boston University grad who has carried out focused research for Alacriti. Today, she discusses her research on the difficulties of rural women in…
Low-income-designated credit unions seeking Community Development Revolving Loan Fund grants, including MDI mentoring grants, have until June 26 to submit their applications. Grant requirements, application instructions, and other important information…
Yesterday, the Department of Treasury announced community development financial institutions (CDFIs) awards from its Rapid Response Program (RRP) and 244 credit unions received $401.8 million in grants. The grants will…