The way home appraisals andvaluation servicesare conducted is changing. The introduction and wide acceptance of desktop and hybrid appraisals during the COVID-19 pandemic have led GSEs Fannie and Freddie to…
Boxers or briefs? Doesn’t matter; it’s not exactly on the strategic plan for credit unions. What does matter is that during a recent stay at the Hay-Adams for my annual…
Sharply higher inflation has brought the prospect of much higher, and fast-rising interest rates. Financial institutions will find that they must sometimes pay up for deposits they already have in…
TheInternet of Things(IoT) is essentially a network of devices that are interconnected to function as a larger unit. At home, you might have your alarm clock trigger your toaster to…
Most business leaders know the importance of their people. Statements like “Our people are our most important asset,” “Culture eats strategy for breakfast,” or “Our people make the difference,” allude…
Through pandemic interruptions of daily activities and the resulting threat to livelihoods, 132 Upstate women entrepreneurs—92 of them women of color—have kept their small businesses moving forward thanks to Small…
Representative Alex Mooney, R-W. Va., Wednesday introducedH.R. 7412, the Transparency in Consumer Financial Protection Bureau (CFPB) Cost-Benefit Analysis Act, which would require the CFPB to employ a more rigorous cost-benefit…
Members atAmplify Credit Unionno longer have to worry about incurring any fees on their accounts. The $1.2 billion asset credit union in Austin, Texas, switched to a fee-free model in…
Have you had members declare bankruptcy recently? Is your first thought when you see Chapter 7 or Chapter 13: “why are my members doing book reports instead of paying back…
The Defense Department has hired a contractor to conduct a study about credit union and bank access to military bases, according to three credit union trade groups. And those groups—theDefense…
The concept of trust is the foundation of every financial relationship there is between a customer and their financial institution, and twice-over with a member and their credit union. That…
Credit unions and community banks obsess over those they serve. And rightfully so! Your members or customers are the core of what you do every day. But have you done…
Every organization needs a mission, a vision, and values to function properly. In turn, the environment around us changes constantly – forcing these fundamentals to change as well. As leaders,…
As more and more financial institutions (FIs) begin adopting AI and machine learning-based data into their programs, the most common question financial crime fighters ask is – “how can we…
The CUNA CEO Council announced that two credit union CEOs were elected to the 2022-23CUNA CEO Council’s Executive Committeeand two members were re-elected. The two new members fill vacancies created…
In response to Russia’s continued brutal war against Ukraine, the Treasury’s Office of Foreign Assets Control (OFAC) Wednesday announced additional steps to demean the economy of the Russian Federation,imposing full…
Today’s credit unions must navigate overwhelming competition for talent, a complicated economy, a pandemic that just won’t end, and industry change due to mergers. To succeed in these complex times,…
As our nation faces an unprecedented increase in cyber attacks -according to Trend Micro, ransomware attacks on banks alone climbed by a staggering 1,318% last year – and more expected…
Parents, you want what’s best for your children. So, at a very young age, you start instilling in them lessons that will last a lifetime. For example, you know that…
Vehicles and homes have typically been the average consumer’s most valuable assets. With drastic increases in worth over the past year, that’s even more true than in the past. Although…
TheCommunity Development Financial Institutions (CDFI) Fundon Wednesday announced it has awarded $26 million to 158 Federal Deposit Insurance Corp. (FDIC)-insured banks as part of its FY21 round of theBank Enterprise…
The conventional wisdom of retail banking right now can be reduced to a handful of points: The checking account is on its way out as the centerpiece of banking relationships.…
Rep. Fred Upton, R-Mich., announced he will not seek re-election in 2022. Upton, who has served in Congress since 1987, has long supported credit unions. “Fred Upton has long been…
In recognition of Financial Literacy Month this April, NAFCU is sharing the Federal Reserve Board'sU.S. Currency Education Program(CEP), which offers consumers and financial institutions with several resources and services that…