TheConsumer Financial Protection Bureau(CFPB) will “dramatically” increase its use of regulatory guidance—a device that in the past has been sharply criticized by financial services trade groups and congressional Republicans. “The…
As NAFCU notedlast week, the House passed a bill that, among other things, would permit federal credit unions to add underserved areas to their field of membership. The bill also…
Who said professional development books can’t also be great summer reads? Whatever your plans are this season, take time to recharge your professional batteries as well as your personal. Here’s…
CUNA Chief Economist Mike Schenk shared the findings from CUNA’srecent white paperduring a recent interview withCUBroadcast. The paper—based off CUNA’s 2022 National Voter Poll—shows credit union members generally fare better…
NAFCU’sState of the Industrywill take place this Thursday, June 23, from 1:00 to 4:00 p.m. Eastern.This complimentary virtual event – open to all credit unions – will bring together industry…
IT security is complex, and this is particularly true for your credit union’s contact center. To demystify it, we’ve created this security best practices checklist to help strengthen credit union…
It happens at almost every credit union sooner or later—the board and management team realize that if the organization is to continue to grow, it must purchase a newloan origination…
Ah, summer! Time for lazy days spent lounging by the pool, backyard barbeques, fireflies at dusk, and everyone’s favorite—summer vacation. Pent-up pandemic travel demand is still in full force, with…
Attempting to foster “relationship banking,” the Consumer Financial Protection Bureau is seeking comments on how responsive the largest credit unions and banks are to complaints from their members and customers.…
It’s surprisingly quiet for a Tuesday morning. Your inbox is miraculously clear. There are no voicemails to follow up on. You might actually cross an item off that to-do list…
One of the happiest events in almost any couple’s lives is getting married. It’s also one of the most expensive. Paying for the venue, the catering, the decorations and even…
For many of us, those three words put an iconic song in our heads that will hang around for at least a week. Michael Jackson’s 1979 single“Don’t Stop ‘Til You…
The NCUA board heard abriefingon the agency’s Post-Examination Pilot Survey at its meeting Thursday. NCUA will add qualitative questions, consider credit union asset size in determining survey questions, and consider…
The CFPBpublished a blog postThursday regarding overdraft and non-sufficient fund (NSF) fees. The post describes the bureau’s supervisory efforts toward financial institutions “with a higher share of frequent over drafters…
Much has been said about the power available to lenders and their technology partners thanks to open software architectures and modern application programming interfaces. A significant amount of our work…
Toledo Urban Federal Credit UnionCEO/Treasurer Suzette Cowell tellsthe storyof the $12.3 million asset credit union in this episode of theCUNA News Podcast. Cowell joined the credit union movement after working…
Food. It’s one of the necessities of life. Yet, keeping you and your family fed can take a large portion of your budget. The following tips from our partners atFoolProofcan…
As leaders, we tend to balance different voices of influence both inside our minds and from outside sources. As leaders, though, it is also our duty to be able to…
A pilot program to survey credit unions about their examinations has been a success, National Credit Union AdministrationOmbudsmanShameka Sutton told the agency board Thursday. And Sutton said that the results…
The back and forth between what’s best for underserved credit union members and consumers continues when conversation turns to near-universally disliked overdraft protection (ODP), its base and outdated function, and…
Advocates from all six states represented by the soon-to-be-merged Mountain West Credit Union Association and Northwest Credit Union Association traveled to Washington, D.C., for Capitol Hill visits June 8 and…
Total retail sales fell by 0.3 percent in May, following an increase of 0.7 percent in April and an increase of 1.2 percent in March. NAFCU Chief Economist and Vice…
There are many ways to get your members’ attention. Whether it be from posting about an upcoming event, a lower price for a product or even a giveaway—all of these…
Credit unions have long thrived by offering personalized services that build strong community bonds. Now the charter has evolved, extending those community bonds by offering the financial services and the…