Inflation of gas and consumables has predatory lenders seeing gold rush
“I felt like I was in a stranglehold each payday. After a while, I thought, ‘I’m never going to get off this merry-go-round. I wish I’d never gotten these loans.”…
“I felt like I was in a stranglehold each payday. After a while, I thought, ‘I’m never going to get off this merry-go-round. I wish I’d never gotten these loans.”…
There’s one rule I ask each of my clients to abide by, with no exceptions, whether it’scredit union strategic planningor strategic marketing for our clients. That rule is: Ask a…
The House passed the FY23 National Defense Authorization Act late Thursday with several CUNA-supported provisions. The bill includes the Secure and Fair Enforcement (SAFE) Banking Act, extends CARES Act Central…
As you build out your data strategy, one of the most exciting parts is planning the future state of analytics at your organization. While this can be a little overwhelming…
TheNAFCU Credit Union Policy Podcast(CUPP), which launched in early July, will have recently sworn inNCUA Chairman Todd Harperas a special guest in next week’s episode to discuss diversity, equity, and…
Data is critical to lending institutions, but financial institutions must remember that there are people behind the numbers. With a focus on fair lending practices, financial literacy and compliance -Britt…
With constant exposure to all forms of information nowadays, it’s easy to become negative or jaded to the world around us. I’ve learned over the years that only we can…
So much of what we do as a movement starts at the board level. Credit union boards are instrumental in setting the direction of your credit union and how it…
In an ever competitive landscape, embedded finance is what many are seeing as the next point of evolution in the consumers’ digital experience. As financial institutions, credit unions should heavily…
House Republicans next week plan to try to amend the FY23 Financial Services Appropriations measure to prohibit postal banking and to stop financial regulators from assessing the risk of climate…
The Credit Union Board Modernization Act (H.R. 6889) would free up credit union resources to better serve members,CUNA wroteto bill sponsors Reps. Juan Vargas, D-Calif., and Anthony Gonzalez, R-Ohio, this…
On a seasonally-adjusted basis, overall consumer prices rose 1.3 percent in June, with the Bureau of Labor Statistics reporting that the overall consumer price index (CPI) grew by 9 percent…
“Wait…What? My balance sheet structure really hasn’t changed in the last few months, yet the National Credit Union Administration’snet economic value supervisory testnow shows that we went from low/moderate risk…
The key to financial education is engagement. Participants learn best when they can apply information to real-life situations that provide understanding and feedback. That’s especially true in a digital environment…
While modern and innovative organizations strive to recruit and retain key leadership in a competitive landscape, supplemental retirement benefits—which are above and beyond traditional plans like 401(k)s and IRAs—can be…
As shown in theCo-op CU Growth Outlook research study, conducted in partnership with EY and Filene, payments are key for credit unions to drive revenue and profitability. As fintech upstarts…
The remainder of 2022 will be tricky for business owners to navigate. Some of the most significant hurdles employers are facing this year and beyond are: Attracting and retaining top…
The House agreed on Wednesday to consider proposals to legalize marijuana banking and to give the National Credit Union Administration (NCUA) third-party vendor authority, along with several other amendments that…
CUNASenior Economist Dawit Kebedeissued the following statement in response to the Labor Department’s June Consumer Index Report: “Prices jumped to another record high in June, coming in at 9.1% year-over-year, which…
NAFCU Tuesday announced its 2022-2023 Board of Directors during its Annual Business Meeting at the association's headquarters in Arlington, Va. Gary Grinnell, President and CEO of Corning Credit Union, has…
Have you ever worked a long day only to feel frustrated that you didn’t get anyrealwork done? Perhaps you dealt with constant interruptions, emergencies and issues, so you didn’t have…
I recently witnessed one of the best examples of organizational clarity and alignment on a week-long cruise to the Eastern Caribbean. Subsequently, it only affirmed my belief that I should…
Credit unions that are considering dipping their toes into the proverbial waters of cryptocurrency services for their members must consider the risk of doing so. There are counter-party risks, regulatory…
Americans have been on a housing buying spree over the past two years, but there are signs the hot seller’s market is cooling off. Real estate data from April and…