As theU.S. economy shrinks for a second straight quarter— one definition of a recession — many Americans aren’t prepared for an economic downturn. However, financial advisors say there’s plenty that…
The House Financial Services Committee on Thursday approved legislation that would limit the number of overdraft fees a credit union or bank may charge a consumer. Voting 27–22, the committee…
During its markup yesterday, the House Financial Services Committee passed by voice vote the NAFCU-backed H.R. 6889, theCredit Union Board Modernization Act, which would amend Federal Credit Union Act language…
The House on Tuesday passed legislation that would require banking agencies, including the National Credit Union Administration, to investigate the challenges facing groups that want to start a credit union…
CUNASenior Economist Dawit Kebedeissued the following statement following the Federal Reserve meeting today: “The Federal Reserve Open Market Committee (FOMC) increased the federal funds rate by 75 basis points, in…
Senators Dick Durbin, D-Ill., and Roger Marshall, R-Kansas, are expected to introduce legislation as soon as today in an effort to expand the “Durbin Amendment,” which was enacted in 2010…
Does this story sound familiar? Your organization invested in a customer relationship management software and rolled it out to the entire organization. While marketing is leveraging it to manage campaigns,…
After two and a half years of navigating disruptions to the economy following the onset of the COVID-19 pandemic, experiencing historic highs and lows in the labor market, and dealing…
Credit unions and banks would be prohibited from discriminating against people based on race, color, religion, national origin, sex, gender identity, or sexual orientation, under a bill introduced in the…
The global supply chain has seen massive changes over the years. Advancements in technology changed business operations with respect to logistics and supply chain management including distribution, inventory management, and…
Compliance is a lot to manage. With near-constant regulatory change on top of a mountain of existing compliance responsibilities, the only way to get it all done is to make…
People helping people. Those are big words, meaningful words. They carry weight. Do your credit union’s brand actions align with that mantra? Do they align with whatever other promises your…
This year’s theme for International Credit Union (ICU) Day is “Empower Your Financial Future with a Credit Union™,” which will take place on Thursday, Oct.22. International Credit Union Day festivities…
New home sales fell 8.1 percent in Juneto 590,00annualized units, a two-year low. May was revised down 54,000 units. Compared to last year, June sales were down 17.4 percent. NAFCU…
As member expectations continue to evolve, credit unions are increasingly seeking ways to deliver better digital service in real-time. While live web chat with a member service representative may have…
While it’s true the credit union movement has challenges facing us here in the United States in 2022, we always keep a continuing eye out for our international community. In…
In a market where the consumer is juggling multiple relationships with financial institutions, how can credit unions compete? Consumers want to better understand their financial well-being, which means they need…
Generation Z doesn’t really remember a time when they couldn’t get what they want—instantly. With everyday experiences such as 3-day Amazon Prime deliveries and ubiquitous high-speed internet taken for granted,…
Do you find yourself always hitting roadblocks? Or sending the same document to your clients or employees over and over again? It’s frustrating—not only for you and your employees but…
Experiencing major damage to your beloved home after afloodcan be devastating. Sadly, it doesn’t take very much water to cause thousands of dollars in damage to your home and your…
CUNAwrote in supportof a bill to modernize federal credit union board meeting requirements prior to its markup by the House Financial Services Committee. The Credit Union Board Modernization Act (H.R.…
NAFCU Monday sent aFinal Regulation Alertto members breaking down the NCUA’sfinal rulethat raises the asset threshold for assigning a consumer federally-insured credit union (FICU) to supervision by the NCUA’s Office…
How many times have you heard credit union leaders say they’re all about the members? That they’re committed to being “people helping people”? That they want to help members improve…
I recently posted about the research results our friends at Blend and Aite-Novarica shared regarding the homebuying experience. They surveyed more than 2,000 American consumers with a recent home-mortgage purchase,…