Credit union have several defining characteristics that set them apart from other financial institutions. Not-for-profit status allows credit unions to focus on the needs of members, and not third-party or…
An early financial services trend of 2022 involves big banks announcing plans to eliminate or dramatically reduce overdraft fees. Capital One kicked off the process in December, with Bank of…
As we kick off 2022, pandemic blues are still very much part of our daily lives and many Americans are contributing to the economic recovery by spending their feelings. They’re…
For most of the past two decades before the pandemic, the banking industry assumed a mostly passive mode with respect to change and innovation. Even though the marketplace was changing…
The House on Friday passed marijuana banking legislation for the sixth time, sending it to the Senate, where its fate remains uncertain. This time, the marijuana provision was attached to…
A few weeks ago, the National Credit Union Administration (NCUA) Board held its January 2022 monthly meeting. During the meeting, the Board approved aproposed rulethat, if adopted as a final…
CUNA Senior Economist Dawit Kebedeissued the following statement in response to the Labor Department’s January jobs report: “The labor market posted strong job growth in January despite an expected, temporary…
Total vehicle sales rose from 12.5 million annualized units to 15 million annualized units in January, with monthly sales levels down 10.6 percent year over year. NAFCU Chief Economist and…
The case for hybrid work is well-made, and both employees and organizations continue to define what that looks like with a shared focus on employee well-being and company success. With…
The Internet has become one of the most important utilities a person can have in their home. Unfortunately, it can also be one of the most expensive, especially if you’ve…
Happy Friday, compliance friends!I’m coming at you today from my new office at the new house!It will take some work to get settled and make it cozy, but for now,…
With real-time payments accelerating, Request for Pay (RfP) functionality has the potential to revolutionize the bill payment space as we know it. In this interview, Mark Ranta, Alacriti’s Payments Practice…
The Credit Union National Association on Wednesday renewed its call to allow credit unions to make business loans in underserved areas even if the lending exceeds their member business loan…
Why should a person open an account or apply for a loan with a credit union or community bank? One of the most cited reasons from experts such as NerdWallet…
As we celebrate Black History Month this February, we are reminded why inclusive leadership is necessary. I recently came across a report that emphasizes the importance of inclusive leadership, and…
CUNA opened registration today for “CUNA GAC On-Air,” a limited-content, virtual option to attend the 2022 CUNAGovernmental Affairs Conference(GAC). The 2022 CUNA GAC will take place Feb. 27 to March…
NAFCU Vice President of Legislative Affairs Brad Thaler Wednesdaywrote to the Houseto offer support for the inclusion of the Secure and Fair Enforcement (SAFE) Banking Act as an amendment to…
Businesses across the country are in the middle of what is known as “The Great Resignation”, with employee quit rates recently reported at 3%, according to theU.S. Bureau of Labor…
Voting is now open forCredit Union Magazine's2022Credit Union Hero of the Year, sponsored bySymitar. The four finalists are: Marshall Boutwell, president/CEO at $775 million assetPeach State Federal Credit Unionin Lawrenceville,…
Looking at the experience of states that have previously implemented legal adult-use cannabis programs, we can predict fairly well what will happen next: a surge of investment, new businesses, and…
Banking has evolved immensely over the past few decades. Most notably, customers no longer have to visit a bank in person to deposit a check or open an account, which…
Heart disease is the leading cause of death for both women and men in the United States, causing over650,000 deathsannually andone person dying every 36 secondsfrom the disease, according to…
“As soon as you get your first loan, you are trapped unless you know you’ll have the three-hundred extra dollars in the next two weeks,” said Sandra Harris, as reported…
Here you are. Almost a dozen weeks into the new year and you are yet to cross off any action items on your strategic plan. Worse, you’re not any close…