Based on the2021 Life Insurance Engagement Report, a Franklin Madison collaboration with PYMNTS that collected and analyzed 2,326 survey responses, Generation Z consumers are most likely to look to their…
CUNA received its last nomination last week for its board election. The nomination period for the CUNA Board of Directors has now expired. For the special election, the director elected…
The NCUA Board Thursday is set to issue a final rule on service facilities and review the agency’s 2022-2026 strategic plan. Also onthe agenda, the board will receive a briefing…
For the last several decades, auto loans have been a big part of loan portfolio growth for most credit unions. As an industry we’ve gotten better at indirect lending—learning from…
The youth of today are the consumers and investors of tomorrow. Yet, statistics continue to show far fewer numbers of youth members in the credit union and banking space. The…
Over the last year, it’s safe to say we’ve become more social by using evolving technology and the internet. As cyber threats continue to run ramped, industries must understand the…
What’s old is new again atUnited Federal Credit Union($3.7B, St. Joseph, MI). The Michigan credit union has revived the role of creative writer several years after the cooperative retired the…
On November 8, 2021, FinCEN issued anadvisoryon “Ransomware and the Use of the Financial System to Facilitate Ransom Payments.” This advisory updates and rescinds aprevious advisory, published on October 1,…
Credit union loans outstanding increased 0.5% in September, compared to a 1.0% increase in August of 2021 and a 0.5% increase in September of 2020., according to CUNA's latestMonthly Credit…
On a seasonally-adjusted basis, overall consumer prices rose 0.9 percent in October, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 6.2 percent over the…
It’s been called the “turnover tsunami” and the “great resignation.” A predicted massive outflux of employees is already beginning to be felt in some organizations. Employees of all kinds from…
Society loves a classic, authentic underdog story. Whether it be in sports, film, or life, people can’t help but root for the underdog. You’ve seen it all in other contexts,…
There’s no getting around it—navigating the ins and outs of health benefits is a complicated task for business owners. You are not only tasked with determining what type ofhealth insurance…
In these days of unbridled cynicism and skepticism centered around bad-faith politics and social upheaval, it seems the power of hope is one of those old-fashioned ideas that appears to…
The impact stemming from the pandemic on credit unions and auto loan servicing is ongoing. OEMs have been shut down, stimulus payments have created a surprising decrease in delinquencies as…
During February 2022’sFoundation Dinner, Credit Union Hall of Famer, Roger Heacock, will receive the Herb Wegner Memorial Award for Outstanding Individual Achievement, recognizing his decades-long support and leadership at a…
The NCUA board will hear a briefing on modernized examination tools and the agency’s COVID-19 response. The meeting will be streamed live on NCUA.gov starting 10 a.m. ET. The board…
NAFCU's Regulatory Committee met Tuesday and discussed the Financial Stability Oversight Council’s (FSOC) October meeting regarding climate change where a long-awaited report detailing climate-related financial risks and recommendations was unveiled.…
The pandemic has impacted people in various ways over the past 18 months, and researchers are reporting that many employees are feeling exhausted, burned out and stressed. Gallup has found…
On Veterans Day, we remember first those who fell and never came home. We remember our veterans with appreciation and respect.We remember them as examples of valor and selfless service…
High employee satisfaction is often confused with strong organizational culture. While happy and engaged team members are key, they are not enough to ensure an organization’s ultimate success. Indeed, an…
The NAFCU compliance team sometimes receives questions regarding the role of a credit union’s officers in Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance. Let’s review some of the…
Nearly 20 months after its emergence, the COVID-19 pandemic is still impacting the U.S. economy and consumers, as well as the global economic landscape. The economy and its outlook have…
When Winter Storm Uri—or as I like to call it, the Snowpocalypse—hit Texas back in February, leaving over three and a half million residents without power for multiple days, I…