NCUA issued a Risk Alert (22-RISK-01) on the heighted risk of social engineering and phishing attacks that comes with the conflict in Ukraine. According to NCUA, there are raised concerns…
NAFCU President and CEO Dan Berger Wednesdaywrote to the Internal Revenue Service(IRS) urging the agency to adjust the 2022 standard optional mileage rate to reflect the strained oilmarketand rising gas…
This spring marks the beginning of a new era in theNational Credit Union Administration’s approach to call reporting, compliance examinations and regulatory capital for federally insured credit unions. These changes…
Succession Planning So … theNCUA has new proposed rulesabout the board’s involvement in succession planning. (You do know that, right?) They’re concerned that the board’s relative lack of involvement is…
There is no denying the world has changed significantly over the past couple of years. Even now there are still travel restrictions, fluctuating health requirements, and other ongoing disruptions to…
Ever wonder how many times a member has started your online loan application process, and then stopped filling it out for one reason or another? Maybe it took too long…
Culture. It’s a word we throw around a lot, but creating precisely the kind that cultivates ALL the good stuff at your CU? That’s not an easy ask. Luckily, we…
Embedded finance has a projected market value of more than$138 billion, which moves it well past the fad phase: it's the future. Also called banking-as-a-service (BaaS), embedded finance explains the…
At first glance, you wouldn’t think that changing addresses would have much of a financial impact. If you look closer, though, you’ll realize that a lot of your finances depend…
The data has proven challenging, if not troubling: three billion people around the world are underbanked or fully unbanked. That’s 40 percent of the world population. In America alone, 39…
DoubleCheck Solutions, a fintech company addressing outdated non-sufficient funds (NSF) and overdraft practices with practical software solutions, was presented with the CUNATechnology Council’s Best of Show Award at the 2022…
TheCFPBTuesdayissued policy guidanceregarding illegal practices concerning consumer reviews. According to the guidance, the CFPB seeks to ensure that “customers can write reviews, particularly ones posted online, about financial products and…
COVID-19 has severely impacted staffing dynamics across all industries. As pandemic uncertainty wanes and the new normal becomes thenewernormal, financial institutions continue to bear the brunt of resources stretched thin…
The continued warnings of potential cyber attacks. Horror stories from organizations that have lost access to data and weren’t fully operational for months. Updates and tips from vendors. It’s information…
How are Credit Unionsusing digital to both exceed their member’s expectations and to gain a competitive edge against banks? This is the main topic of a free webinar held on…
Much has been made of how the pandemic shifted people’s movement toward digital banking into overdrive. Less attention goes toward the dark side of that massive change: the rise in…
It’s no secret that the financial industry is evolving. In order to stay relevant, credit unions need to focus on delivering a personalized experience for their members. Lee Allen, the…
Last week, the Financial Crimes Enforcement Network (FinCEN)announcedit completed an investigation, which led to aconsent orderand a $140 million civil money penalty against USAA Federal Savings Bank (USAA) for violations…
Since 2007, there has been a60% increasein women-owned businesses across the country. There has also been a larger societal shift in confidence among female leaders and entrepreneurs. Conversations no longer…
Overall credit union loans outstanding increased 0.7% in January of 2022, compared to a 0.9% increase in December of 2021 and a 0.09% decrease in January of 2021, according toCUNA’s…
President Joe Biden Mondayreleased a statementon domestic cybersecurity to elevate his previous warning about the potential for Russia to conduct cyberattacks on the U.S. The statement explained that the enhanced…
I was recently facilitating a retreat for one of our credit union clients when one of the board members—a male board member—started going toe-to-toe with me on the subject of…
Donna Bland views Women’s History Month as a time to reflect on the women who came before her, fighting for civil rights, saving lives, breaking barriers, and overcoming obstacles. “I…
What do credit union marketers have to do with employee retention and engagement? A lot, according to Teshia Davis, VP of People at SECU. Teshia joins our Remarkable Credit Union…