CUNA received two additional nominations for its Board if Directors this week. Nominations are now being accepted for nine open director positions on the board.The deadline for nominations and seconds…
The Federal Reserve’sOctober senior loan officer opinion survey (SLOOS)found that over the third quarter, banks generally reported having eased standards and terms regarding C&I loans to firms of all sizes.…
Deciding how to safeguard your credit union's loan portfolio can seem like a complicated decision, and it can be tempting to go with the option that seems easiest on the…
In 2021, nearly four million people quit their jobs, which, according to theU.S. Bureau of Labor Statistics, the number of job openings jumped to 10.1 million because of it. This…
As community-based institutions, credit unions are well positioned to truly understand the unique needs of their members. With digital platforms and evolving technologies transforming the landscape, credit union leaders have…
Popular investing appRobinhoodsaid Monday that it suffered a security breach last week where hackers accessed some personal information for roughly 7 million users and demanded a ransom payment. The online…
We are a society of multitaskers armed with smartphone technology. We pay bills from our phones on our lunch break, text while doing just about everything, and respond to emails…
For credit unions to have a meaningful impact on members and communities, they must first focus on the people who directly serve those members and communities. For that reason, the…
Cecilia Muñoz had worked as the director of intergovernmental affairs for President Barack Obama for three years when she was promoted to director of domestic policy and something happened that…
NCUA issued a Letter to Credit Unions (21-CU-13) reminding all federally insured credit unions the finalfinalsubordinated debt rulebecomes effective Jan.1, 2022. The final rule amends various parts of the NCUA’s…
The Bureau of Labor Statistics Friday issued the October Jobs Report which revealed non-farm payrolls increased by 531,000 last month. Of note, August and September job gains were revised upward…
Creating a web of prevention, detection, and prediction is the best defense against fraud.In some cases, it will require slight tweaks to an existing fraud strategy to prevent massive losses.…
A CEO recently told me that credit unions need to talk more about Financial Well-Being for All. We need to be more present, more consistent, to ensure it remains at…
If you feel like debt is weighing you down, but you want to build up some savings, too, you’re not alone. Ourquarterly Consumer Pulseshows that, despite challenges to household budgets,…
Let’s start off with a simple question: What type of data does your business store? A. Client or donor information B. Internal proprietary data C. Financial Data D. Trade Secrets…
Moodormode? Did you know both words share the same root word? Modality. Amodalityis the way or mode in which something exists or is done. I point this out because it’s…
On November 4, 2021, the Occupational Safety and Health Administration (OSHA) published its awaitedvaccine mandatefor employers with 100+ employees. This interim final rule, published as an Emergency Temporary Standard, goes…
CUNA Senior Economist Dawit Kebedeissued the following statement in response to the Labor Department’s October Jobs Report: “The job market showed strong growth in October, as expected, after two months…
NAFCU,along with over 80 trade associations,Thursdaysent a letterto CFPB Director Rohit Chopra urging for an extension to the Bureau’s 90-day comment period for its section 1071 proposed rule. The group…
People need new ways to think about and talk about diversity. Leaders need new skills to enable equity and inclusion in the workplace. And organizations need scalable ways to ensure…
As part of its “Navigating and Understanding the End of Pandemic-Era Homeowner Protection Programs” (21-CU-09, blogged abouthere), the NCUA published a set ofFAQsregarding the end of COVID-19 forbearance programs and…
To start, let’s keep it simple. Think of the gateway as a helpful tool that you, your customers, or your employees can use to approve or decline a transaction, which…
Reported fraud continues to increase in frequency, complexity, and severity. According to the Federal Trade Commission (FTC) the top 5 types of scams include: Imposter scams, fake internet services, false…
On a recentWorld Council of Credit Unionswebinarleading up to the G20 conference in Rome, Italy,CUNA’s Executive Vice President and Chief Advocacy OfficerRyan Donovanoffered a reminder to credit union executives why…