Syndicated

The legacy of credit union pioneer Louise Herring (1909-1987) is vital to the creation of the modern day credit union movement. As summarized in her alma mater’s profile, she managed…

Federal unemployment assistance during COVID-19 has kept many families (and some say the U.S. economy) afloat throughout the pandemic crisis. While the near-term future of the benefit remains unknown, the…

The word “relationship” conjures images of trust, love and sacrifice. And while those facets are real, we rarely acknowledge the more practical side of our connection to others. The truth…

With students going back to school, it’s the perfect time for credit unions to market a bonus promotion to encourage individuals to open new accounts. I remember being in elementary…

The mighty U.S. Dollar, the coin of the realm (where the “realm” is the entire world), appears shaky for the first time in a long time. Replacements like the Euro,…

NCUA, along with the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network and the Office of the Comptroller of the Currencyissued a joint statement clarifying…

As credit unions continue to deal with changing regulatory and economic environments amid the coronavirus pandemic, NAFCU wants to know: What issues are keeping industry CFOs and related financial executives…

At a recent credit union board retreat, we asked the group (a mix of board members and executive leadership); “How do you think the post-COVID-19 world will be different from…

Charging that any postal banking deal between the U.S. Postal Service and JPMorgan Chase would be an invitation for corruption, the trade group representing the nation’s community banks on Monday…

By now, most financial institution marketers have thrown their 2020 plans out the window. The challenge is what to do in 2021. Chief Marketing Officers are deciding what expenses to…

I moved away from my college town about a year ago, but I was still clinging on to my old credit union account because the thought of transferring my bills,…

That was the message conveyed by Mark King, CEO of Taco Bell, in his keynote presentation to credit union leaders last week at CO-OP’s THINK Virtual CEO Forum entitled “How…

A bipartisan group of Senators wrote to Federal Housing Finance Agency (FHFA) Director Mark Calabria last week to echo CUNA’s position that the Fannie Mae/Freddie Mac refinance fee set to…

Existing-home sales skyrocketed 24.7 percent in July to a seasonally-adjusted annual rate of 5.86 million units, representing an 8.7 percent increase in sales versus a year ago. "Existing home sales…

“Friction” has become quite the buzzword in financial services in recent years, and for good reason—it’s a powerful force that can slow down processes, harm efficiency, cause member discomfort and…

A Consumer Financial Protection Bureau proposal to allow financial services providers and trade groups to apply for advisory opinions would help bring more certainty to the regulatory process, credit union…

A global pandemic doesn’t stop technology development, but it does cause schedules to change. At least, that’s true forUnited Federal Credit Union($3.2B, Saint Joseph, MI). The coronavirus pandemic has changed…

Communicating well is not only an intellectual exercise. To really connect with people, especially their emotions, we need to bring them into our experience. Stories do that. When you paint…

The compliance team has heard from several members lately about the rules regarding charged off loans and interest. The questions focus on whether credit unions are permitted to continue charging…

CUNA Vice President of Diversity, Equity and Inclusion Samira Salem spoke to Associations Now recently about CUNA’s plans to ensure DEI is a consistent part of the credit union movement,…

During its July board meeting, the NCUAproposed a ruleto exclude from total assets any loan a federal credit union (FCU) reports under the PPP or similar future programs. NAFCU sent…

The term “pre-funding” is not interchangeable between defined benefit pension plan pre-funding and overall employee benefits pre-funding. They’re different tools, and credit unions with defined benefit pension plans can gain…

Iowa credit unions are rallying to support their friends and neighbors affected by the recent derecho, a rapidly moving thunderstorm complex that swept through the state earlier this month. The…

This year, we’re all saying adios to traditional event marketing. No more event booths, community festivals or neighborhood fun runs. But that doesn’t mean event marketing cannot or should not…