Sixteen credit union champions in Alabama, Arkansas, and Georgia saw victories Tuesday in primary elections. Candidates were supported by the Credit Union Legislative Action Council (CULAC), CUNA’s federal political action…
New home sales fell 16.6 percent in April to 591,000 annualized units, while March saw a downward revision of54,000 units. Compared to last year, April sales were 26.9 percent lower.…
One of our senior directors got a call a few weeks ago from the CEO of a core provider. Mr. CEO complained that one of our consultants mentioned to a…
WhenU.S. Eagle Federal Credit Unionin Albuquerque, N.M., began researching cannabis banking services, the board and leadership team worried members might not like the typically conservative financial institution getting involved in…
One of our stories in this telegraph covers an agreement recently reached in the European Union that reflects our recent success in advocating for proportional treatment for credit unions in…
Retirement plan sponsors have day jobs--they are busy running their businesses. But at the end of the day, plan sponsors are fiduciaries. They are legally responsible for their plans. Most…
It is imperative to teach your teens about the facts of finances. Here's what you'll want to keep in mind. U.S. schools teach students algebra, calculus and trigonometry, but schools…
If it seems like the biggest news and boldest moves in financial services have come from everywhere but traditional banks and credit unions, you’ve spotted the tremendous growth in embedded…
42 credit union leaders from across the United States and Kenya were designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s signature Development Education (DE)…
New Mexicocredit unions are building a support network to help as the largest wildfires in the state's history continue to burn, forcing thousands from their homes and burning nearly 500,000…
The Federal Reserve Monday released theresults of its annual Survey of Household Economics and Decision-making (SHED) surveyon household financial well-being. According to the survey,78 percent of adults were either doing…
During the first April session of theHigh Performing Board Digital Series, presenter Steve Morrissette surveyed course participants and found that 25% of them were holding board meetings entirely in person;…
Credit unions that have participated in NCUA’s annual voluntary credit union diversity self-assessment have found it to be valuable benchmarking tool in their diversity, equity, and inclusion (DEI) efforts, as…
Trust. It’s the foundation of, well, pretty much everything when it comes to relationships, including those between an FI and its members or customers. So, we were thrilled to sit…
Litigation related to overdraft protection has focused mostly on the timing of clearing, posting and settlement of payments through the various networks—and whether members are aware of them. While many…
Recently, Crypto Cowboys have headed out to Texas and other parts of the U.S. for low energy costs and favorable political climates. These companies are the crypto veterans and pioneers,…
TheConsumer Financial Protection Bureau(CFPB) last week issued an interpretive rule aimed at fortifying the powers states have to enforce federal consumer protection laws. In issuing the rule, agency officials reminded…
The Senate is in Washington, D.C. this week, and the House will conduct hearings but will not consider any legislation on the House floor. The House Financial Services Subcommittee on…
The Federal Reserve Board Thursdayfinalized amendments to Regulation J,specifying the terms and conditions under which Reserve Banks will process fund transfers through the FedNow Service. The final rule provides a…
If you serve on a board, you know that nearly every board meeting has operated in a primarily digital setting for two full years. For many boards, this digital and…
Small credit unions survive on their personal relationships with members. But back-office support, while essential to the survival of any financial institution, can be resource intensive and diminish member engagement…
Each year in May, we celebrate Mental Health Awareness month. After two years of pandemic stress, keeping up with constantly changing news cycles, and dealing with increasing economic uncertainty, we…
A source of angst for neobank creators and the investors who back them may suggest a potentially successful strategic direction for traditional institutions large and small that are willing to…
Someone—it’s not clear who—once used the term “lies, damn lies and statistics” to describe how numbers can be used, and misused, to bolster arguments. For years, credit union trade groups…