NCUA released its2021 Community Development Revolving Loan Fund (CDRLF) Reportto Congress, highlighting the fund’s significant and positive impact on credit unions, their members, and their communities. A complete list of…
The House Financial Services Subcommittee on Consumer Protection and Financial Institutions Thursday held ahearingon the rise of financial institutions’ elimination of overdraft fees. Of note, Paul Kundert, President and CEO…
If credit unions are not already building mobile strategies, there’s no question that they’re putting themselves at risk of losing members. According toBusiness Insider Intelligence’sMobile Banking Competitive Edge Study, 89%…
As fraudsters continue to evolve and adapt to changing consumer behavior, having a multi-layered strategy is more important than ever. It’s not just aboutreducingthe number of incidents, becausefraud prevention hasalsobecome…
Earlier this week, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra delivered a seemingly innocentspeech regarding repeat offendersto a law school. Focusing on repeat offenders is apriorityof the CFPB under…
It’s the best time of the year! College basketball and March Madness©bring us the greatest tournament in the world! The highs, the lows, the peaks, the valleys, the triumph and…
As leaders, it’s important to recognize the issues your organization faces that hinder it from becoming more successful. In doing so, you’ll be able to get ahead of the curve…
In the world of finances, the two most reviled words are almost certainly “overdraft fee”. Getting an overdraft fee is adding insult to injury, punishing you for paying with money…
NAFCU Vice President of Legislative Affairs Brad Thalerwroteto the House Financial Services Subcommittee on Consumer Protection and Financial Institutions ahead of itshearingtoday to examine overdraft fees. Thaler shared the association’s…
2022—the year of the credit union renaissance for community and commerce. How will you remain relevant in the era of money becoming digital and part of the internet, and as…
While enterprise risk management (ERM) may be a daunting undertaking, Tony Ferris believes an ERM framework can be applied within virtually every credit union. In its most basic form, ERM…
Let’s talk digital experience. Specifically—why is it so essential for the success of your financial institution? We’ve all got a general idea on how to answer that, but perhaps the…
The mortgage industry has experienced tumultuous shifts since and during the pandemic. Key changes have occurred from emergent forbearances to a frenzied housing market with high pricing and lower than…
Podcast Episode 21:When it comes to maximizing sales at your financial institution, using videos in your sales follow-up increases response rates and shortens the length of a typical sales cycle.…
Student loan relief could happen with these 3 bills in Congress. Here’s what you need to know —and what it means for your student loans. Student Loans Student loan relief…
Banks’ misleading attack over bank sales to credit unions is harmful, CUNA Chief Advocacy Officer Ryan DonovanwroteinAmerican BankerWednesday. Donovan notes when banks sell to credit unions it’s generally beneficial to…
NAFCU’s prestigious2022 Annual Awards Competitionis now open. Member credit unions can submit entries to recognize credit unions, professionals, and volunteers for their achievements within their institutions, communities, and the industry.…
A single mom working two jobs with bills to pay and expenses for the first day of school fast approaching.An entry-level cook for a chain restaurant who needs a car…
As a female leader, Joumana Mcdad encounters challenges her male counterparts often don’t. But as with any challenges, she embraces advice her sister offers on a regular basis. “My sister…
Last week, webloggedabout the Credit Union Governance Modernization Act (CUGMA), which was included in theConsolidated Appropriations Act, 2022.The passage of CUGMA was a much-anticipated piece of legislation, which will help…
As a business leader, it is important to safeguard your organization from employment lawsuits. In 2020 alone, theEEOCsecured $439.2 million for victims of discrimination in the private sector and state…
Where did the money come from, and where did it go – that’s the question forensic accountants work to answer. Robert Nordlander spent more than 20 years at the IRS…
I’ve written at length about how credit unionscan getnoticedbyMillennials. But sometimes it feels like people forget how time just keeps passing us by. Not to make anyone feel old, but…
More changes now occur in banking in a year’s time than used to occur in the typical banker’s career. Who would have predicted even just 12 months ago, for example,…