Syndicated

A few federal holidays here and there. Team member vacations need to be covered in the branch. Your own vacation if you’re lucky. Not to mention you’restuckin that weird limbo…

The “Great Resignation” is one of the pandemic’s unforeseen outcomes. Demand for workers remains high, despite the best attempts of many employers to attract and retain talent. Financial institutions are…

On July 27, 2022, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ)announcedthe filing of acomplaintandconsent orderagainst Trident Mortgage Company LP (Trident) in the U.S. District Court…

As federal regulators rewrite rules governing theCommunity Reinvestment Act(CRA), the banking industry is renewing its call for the agencies to seek legislation that would subject credit unions to the CRA.…

The Illinois Credit Union System (ICUS), in collaboration withover 850 organizations, took social media by storm for the 2ndannual #ILoveMyCreditUnion social media blitz on July 29. The goal of the…

Ginnie Mae Thursdayannouncedthat it will exclude federally insured credit unions and state housing finance agencies (HFAs) from its capital requirements and recognize them as insured depositories regulated by a prudential…

Recently, I was contemplating the idea of what our credit union might look if we as an industry could start over. As a credit union board member, I have seen…

When it’s time for your next strategic planning session, what topics will be top of mind when preparing for your credit union’s future? The2022-2023 CUNA Environmental Scan (E-Scan) explores trends…

Incorporating sustainability into business culture and operations is nothing new. Organizations have been weaving in small-scale solutions for decades. “Think before you print” taglines popped up in the early 2000s.…

Some financial terms are easy to understand, like “money” or “savings account.” Other terms, though, can be a bit harder to understand, like “escrow.” You might have seen this term,…

Credit unions and their trade groups applauded theFinancial Crimes Enforcement Network(FinCEN) for proposing a “no-action letter” process but warned that it would be unfair if the NCUA and other regulators…

When you close an account, it may not be removed from your credit report immediately. This is true whether the closed account is a credit card or an installment loan.…

CUNA strongly supports the Financial Crimes Enforcement Network’s (FinCEN) effort to establish a no-action letter process,it wroteto FinCEN Friday. No-action letters come from government agencies stating it will not take…

NAFCU Senior Vice President of Government Affairs Greg Mesack Fridaywroteto the Senate Banking, Housing, and Urban Affairs Committee to share the Association’s opposition and concerns regarding S.4698, the Improving Cybersecurity…

During his firstHigh Performing Boards Digital Seriessession in April, Seve Morrissette used setting football strategy as an analogy for setting strategy for a credit union. “If we do an assessment…

What does it mean to be a successful credit union? Having worked in the industry for close to fifteen years I’ve found that, while individual credit unions may measure and…

When you find an “A” player, hire an “A” player. That’s the employee retention philosophy we use at On The Mark Strategies and it’s helped us grow our business significantly.…

A new poll from theAmerican Psychiatric Association’s (APA)Healthy Minds Monthlyfound that the ongoing COVID pandemic may not be the biggest worry Americans are facing in 2022. Anxiety stemming from inflation…

Defending your business against highly motivated and well-equipped threat actors requires a proactive approach beyond standard security controls. While seemingly daunting, modern tools automate many security tasks and support your…

The Consumer Financial Protection Bureau (CFPB)recently announcedaconsent orderwith U.S. Bank, a Minnesota based bank with $559 billion in assets. According to the CFPB, U.S. Bank “issued credit cards and lines…

Whether you’re more experienced with credit or looking to build your credit history, a credit card can be beneficial if used responsibly. Many credit cards have reward earning opportunities and…

I’m sure you’ve all heard about having a growth mindset. But is that the only mindset vital to your credit union or community bank’s success? No! If you want to…

CUNA and other organizationsfiled a briefin the 2ndCircuit Court of Appeals Thursday in a case involving the Fair Credit Reporting Act (FCRA),Sessa v. TransUnion.The lawsuit involves whether the FCRA addresses…

Credit unions can register forNAFCU’s 2022 Congressional Caucusto engage lawmakers and regulators on a wide range of industry topics and all things happening on the Hill. The Congressional Caucus, happening…