NAFCU Senior Regulatory Affairs Counsel Aminah Moore Fridaywroteto the Department of Housing and Urban Development (HUD) to offer support for its notice of proposed rulemaking (NPRM) that would allow mortgagees…
Great Lakes Credit Union, a Northern Illinois-based credit union with more than $1 billion in assets, is focused on empowering its 80,000 members and the communities it serves—promoting financial literacy;…
While credit unions initially viewed fintechs as competitors and disruptors, they’ve become valuable partners in many instances, a panel of industry leaders said Wednesday during the2022 CUNA Finance Council Conferencein…
Here are some “givens.” Endless and annual CEO, C-suite and board surveys confirm that everyone is concerned about the strength of the talent bench. They state that the quality of…
During the last few years, the buzz about data analysis for financial institutions has been around predictive analytics. This trend accelerated when the country was shut down and it became…
We recently held a webinar with NAFCU covering “Disruption and Digitization in Auto Finance.” Val Gui, Vice President, Automotive Lending at Upstart, highlighted the opportunity for credit unions to capture…
According to a recent report inAutomotive News, “China's efforts to curb its largest COVID-19 outbreak in two years has forced companies like automakers Toyota Motor Corp. and Volkswagen Group to…
TheSmall Business Administration(SBA) failed to provide lenders, including credit unions, with crucial guidance they needed to help root out fraud in thePaycheck Protection Program(PPP), the agency’s Inspector General (IG) said…
Illinois Governor J.B. Pritzker signed Illinois Credit Union League-initiated legislation HB 4462 into law May 13, which amends the Illinois Credit Union Act. The bill--whichpassed both chambers of the General…
The CFPB Thursdayhighlightedthat federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or taking other adverse actions, even if the creditor…
Truliant has been intentionally developing its diversity, inclusion and equity practices for several years. Here’s some initial advice for executives who are thinking about starting a diversity program: Be courageous.…
Kaulana Parkbelieves Asian American and Pacific Islander (AAPI) Heritage Month is an opportunity to celebrate culture and recognize past leaders who have paved the way for the present generation. Park…
The consolidation of financial institutions in the United States – yes, including credit unions – is hitting rural populations and communities extra hard, leaving residents without the basic financial services…
The National Credit Union Administration (NCUA)’s equity ratio is expected to drop to 1.25% in June—well below the 1.33% normal operating level set by the agency board last year. Despite…
Change is inevitable. Big or small, change happens every day. As leaders, it’s our duty to make sure that those in our organization are fully prepared for changes that occur,…
On the surface, the financial services industry appears to be in good shape, surviving the impact of the pandemic and moving forward with digital banking transformation initiatives. Offsetting that, an…
CUNA and other organizationsfileda Freedom of Information Act (FIOA)requestwith the Consumer Financial Protection Bureau (CFPB) Thursday on the bureau’s implementation of section 1071 of the Dodd-Frank Act. Section 1071 requires…
NAFCU has announced the results of its 2022 Board of Directors election. New board member Eli Vazquez, President and CEO of Bank-Fund Staff FCU (Washington D.C.), will serve an At-Large…
When asked about their careers, successful people often thank those closest to them—their bosses, mentors, parents or friends. They may reflect on their own passion or relentless energy. Rarely do…
The big question people have for Steve Rick: Are we heading into a recession? His answer: Barring an expansion of the war in Ukraine or a virulent coronavirus strain, no.…
I recently worked with a credit union that had just been the victim of a phishing attack. The email looked official, and the link directed the staff to a page…
Credit unions take pride in satisfying the needs of their members. Partnering with fintechs is a key way to deliver the best experience possible to both retain existing members and…
If you’re trying to figure out how to fund your home improvement project, you may have heard about ahome equity line of credit, or HELOC. If you have, you’re probably…
Recently, we hosted with CUInsight a webinar featuring Think|Stack CEO Chris Sachse, AWS Principal Strategist George Estrada, and Chad Ritchie, Chief Information Officer for Ventura Credit Union. They explored the…