Syndicated

In mid-March, the Federal Reserve dropped the target range for its funds rate to 0%-0.25% to combat the economic fallout wrought by the coronavirus pandemic. The move pushed mortgage rates…

Why does it matter that people learn about finance? Well — because, fortunately or unfortunately, money does make the world go round. Every time you order a coffee, every time…

CUNA President/CEO Jim Nussle was the latest guest on the National Credit Union Foundation’s Together Tuesday video series this week. Launched last month as a dose of weekly inspiration, Nussle’s…

NAFCU updated itsFinal Regulation Alert to include clarification from the Federal Reserve that it has no plans to re-impose the six-per-month transfer limit between savings and checking accounts under Regulation…

Employee benefits pre-funding programs can do more for your credit union than simply offset future benefits expenses. The credit unions that get the most value from pre-funding programs use the…

Credit unions are performing masterfully in supporting their members through the COVID-19 crisis. Many are providing members with much-needed relief in various forms, including payment deferral programs, fee waivers, additional…

Now that the recession is 100% certain, we know the traditional performance dashboard will light up with all the downward trends. These include rising delinquencies and net charge offs, falling…

Many credit unions are watching what happens with the National Credit Union Administration’s pending rule on credit union acquisitions of banks. “The proposed rule is not perfect but good at…

While members have been confined to their homes over the last several weeks, many still want and need convenient access to in-branch and ATM services. And while many credit unions…

Credit unions can bring billions of dollars into the economy with no cost to the government, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices Monday. Donovan…

"The first full month of nationwide stay-at-home orders was catastrophic for retail sales," said NAFCU Chief Economist and Vice President of Research Curt Long in a newNAFCUMacro Data Flashreport. Total…

As I write this, it’s been about two months since the sports world seemingly set the precedent for the U.S. economy by shutting down operations, setting the stage for an…

There is no denying it, COVID has made a significant impact to many aspects of life. Consumer preference is shifting daily, but the need for financial product/services and advice has…

Social distancing has been easy for only a few of us. For most, it’s been… difficult. Many of the CU 2.0 team have replaced a social life and recreational activities…

Happy Monday, compliance friends! As explained in a previous blog, the National Credit Union Administration (NCUA) signed on to an interagency policy statement on allowances for credit losses. The statement…

Blue Federal Credit Union ($1.3B, Cheyenne, WY) wants to make sure members don’t see red when they enter one of their credit union’s 16 branches in Wyoming and Colorado, so…

The House passed the HEROES Act 208-199 Friday night, the latest proposal to provide relief from the coronavirus disease (COVID-19) pandemic. CUNA supports several provisions in the bill and has…

NAFCU's 2020 Board of Directors election ended Wednesday and saw James Kenyon (President/CEO, Whitefish Credit Union, Montana) reelected to his at-large seat, announced NAFCU Board Secretary Gary Grinnell. In addition,…

The uncertainty surrounding daily life during the coronavirus (COVID-19) pandemic shows that how credit unionsaddress members’ day-to-day needs is just as—or more—important than the products and services they offer to…

Today, consumers have more banking choices than ever when it comes to how and where they’ll manage their money: traditional brick-and-mortar banks, online-only banks, robo-advisors, fintech apps. Another option is…

While many business sectors are seeing reduced opportunities and pipelines, many credit unions have experienced the exact opposite. Credit unions are on the frontlines working quickly with members to establish…

“Put yourself in the customer’s shoes.” “Create a compelling customer experience.” “Make it easy for them.” While all very valid, do you ever sit staring at your credit union website…

We all love a good dinner and a movie. Many will agree the best part of watching a movie are watching the previews. There in the dark we become our…

The emergence of the coronavirus pandemic has tested our leadership abilities, the strength of our companies, and mental fortitude. While we can draw similarities to previous crises – like the…