Overdraft (OD) and non-sufficient funds (NSF) fees are once again coming under heavy scrutiny and criticism by the Consumer Financial Protection Bureau (CFPB), Congress and consumer advocates. While credit unions…
The pandemic fundamentally changed how consumers use credit cards and the long-term profits financial institutions generate from those cardholders. Consumers allocated some of their stimulus payments to pay down their…
Each quarter, CU Data releases a statistics and trends report. The report gives our team insights into what the industry is experiencing and how that will impact our clients and…
Credit union financial staff can improve their analytical skills and credit union operations atCUNA Financial Management eSchool: Essentialsin January and February. “This fundamental financial eSchool covers a wide range of…
Net worth provides a quick snapshot of your overall financial health. This simple figure is calculated by subtracting the dollar-value equivalent of all of your debts from all of your…
"What should I do with my old 401(k)" is one of the most common questions I get asked by new financial planning clients. Answering this question is often one of…
Student loan borrowers got some happy news this holiday season: They’ll have an additional three months before they have to start making their payments again. The payment pause, which has…
The pandemic and societal pressures have disrupted workplaces and more specifically, the relationship between employees and employers. This begs the question: What further changes can human resources and talent and…
Late in the second day of a three-day off-site strategy meeting for the executive team at a leading financial institution, everyone had grown tired but they were still hammering away…
Well, here we are. It's the last week of the year. As usual, we like to take a look back and recap some of the best community posts from this…
The Federal Housing Finance Agency (FHFA) Wednesday issued a final rule for the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, that establishes housing goals for 2022-2024. The updated…
Manley Feinbergtold the more than 500 in-person and remote attendees of Directors Conference earlier this month about how his mother’s two rules are rules we should all live by. What…
The pandemic is about to enter its third year, dominating our collective consciousness on a personal and business basis. At the beginning, financial institutions reacted quickly, developing new products and…
The auto finance market has experienced an abundance of challenges over the last 24 months. The demand for used vehicles spiked in the aftermath of chip shortages, OEM shutdowns, and…
House Financial Services Committee Chairwoman Maxine Waters, D-Calif., is challenging the National Credit Union Administration and other banking regulators to issue guidance requiring institutions to measure and manage climate risk—a…
As an employer responsible for providinghealth benefitsto your workforce, the rising cost of specialty drugs should be among your top concerns when it comes to controlling the cost of benefits.…
The movement that is financial inclusion, particularly in the era of the stubborn COVID-19 pandemic, cannot be undervalued. The potential to provide comprehensive reach to virtually all manner of financial…
The voting period for four contested CUNA Board of Directors elections has ended. Lori Herrick, District 1, Class A director will take office immediately and serve through the 2023 CUNA…
NAFCU Tuesday sent aFinal Regulation Alertto members breaking down theNCUA’s final ruleon mortgage servicing assets (MSA) – formerly known as mortgage servicing rights. The association's Final Regulation Alerts are member-only…
Despite concerns about upfront costs, a growing number of smaller financial institutions are preparing to implement technological upgrades, such as online loan closings and automated underwriting. Arecently released surveyof community…
In my last blog post, I opened with my plans to plan for next year.I have to admit, I still have not gotten around to it, and I feel like…
Credit is an essential tool for building financial health and resilience. The problem with using an individual’s credit rating as a metric for financial trustworthiness is that the on-ramps to…
Your credit score is calculated based off the information in your credit report. To create your score, the information is broken down into different categories or factors. These factors may…
“When you can’t borrow another buck from the bank or buy another case of booze, you bust the joint out. You light a match.”– Henry Hill – Goodfellas I have…