Four ways to ensure a good merger fit
One factor that credit unions search for when choosing a merger partner is a “good fit.” But what does “fit” mean? It’s not like trying on a pair of shoes…
Syndicated
What’s clouding your vision: 4 cloud computing vulnerabilities to watch out for in 2021
Cloud computing has changed the cybersecurity industry in many ways. For starters, it has made the digital world more convenient through availability, the scope of data, and interconnective capabilities. However,…
Life hacks from the 90s to help millennials make it through adulthood
Born in 1987, I was your typical 90s kid. I kept my Tamagotchi™ on the belt loop of my JNCOs while jamming Blink 182 on my non-skip CD player. I…
An update on COVID-19 vaccine mandates
Happy Wednesday, compliance friends, I hope you are all having a great week! In case you need it: we’re halfway to Friday; keep up the good work! When the COVID-19…
Credit unions: The original DeFi
The basic concept of decentralized financial services has been around since the beginning of the credit union movement in the early 1900s. Immigrants required loans to buy animals and farm…
CUNA leaders meet with FHFA acting director on housing priorities
CUNA President/CEO Jim Nussle, Deputy Chief Advocacy Officer Elizabeth Eurgubian, and Senior Director of Advocacy and Counsel Elizabeth LaBerge spoke with acting Federal Housing Finance Agency (FHFA) Acting Director Sandra…
Interagency statement urges use of Emergency Rental Assistance program
Secretaries of the Department of Housing and Urban Development (HUD), the Treasury Department, the Department of Agriculture, the VA, along with FHFA Acting Director Sandra Thompson released a joint statement…
HR Answers: Preparing employees for a successful leadership transition
If you’ve worked at the same credit union for years, you’ve likely grown accustomed to how things are run. Learning that there will be a change of leadership may then…
Are app platforms the future of financial services?
COVID accelerated the online movement for all aspects of social and economic life. In credit unions, some assert the transition away from the branch-based model of financial services to an…
Top 10 financial tips for millennials
As a millennial, you’re part of a unique and special generation. You’re probably at the exciting stage in life where you’re just starting out — or you’re beginning that career…
The Libor absurdity continues
"Each year, the Great Pumpkin rises out of the pumpkin patch that he thinks is the most sincere. He's gotta pick this one. He's got to. I don't see how…
RIP command-and-control leadership with Michelle Peterson
Do as I say, not as I do. It’s never been an effective policy, and it never will be. That the command-and-control leadership style held reign for so long in…
What’s in a name: Sales Manager and Accountability Trainer
“Sales” is not a dirty word atAll In Federal Credit Union($2.0B, Daleville, AL). It’s the avenue to being all a member-owned financial cooperative can be and a lifeline to survival…
Compliance: Don’t go it alone
Credit union compliance isn’t just a headache—it’s a big expense. Not just the cost of noncompliance, but keeping up. Credit unions spend $115 per year, per member household on regulatory…
NCUA Chairman Harper to testify before Senate Committee
The House is out for its annual August recess, while the Senate is expected to consider infrastructure legislation and a potential budget resolution this week. NCUA Chairman Todd Harper will…
NCUA issues 2 prohibition notices in July
The NCUA in July issued two prohibition notices, prohibiting individuals previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution. Violation of a…
Cards, mergers and finding the talent to keep you running
I’m probably not supposed to have favorite issues of CU Management, but this month is definitely in my top 10. Not only do I love the beautiful cover, but the…
Three quick tips for delighting your account holders
There is a somewhat dated adage in business that it costs five times more to acquire a new customer than it does to retain an existing one. However, in focusing…
The member’s purchase journey
How can Credit Unions cope with digital transformation and the rising competition with banks? What can be done, during the member’s journey, to solve needs across every interaction between the…
Five ways to boost your credit score starting now
Being denied a loan for a home or a car — or anything — can feel like a punch in the gut. But no matter how you got to the…
5 tips to reduce collection costs with card processing
Collection agencies are constantly looking for ways to reduce their collections costs, and card processing is one of the best ways to do so. If you’re a collections agency or…
FCU maturity limits
NAFCU’s compliance team receives questions from time to time about how long of a maturity limit may be permitted under certain circumstances. The maturity limits of loans often vary based…
Humanity at the Helm: True connection in a digital world with Ricardo Gonzalez
When it comes to connection these days, most people are like porcupines. We’ve been hurt. We’re hypersensitive right now. And, if financial institutions are to thrive in this prickly, digital…
Credit unions share advocacy strategies during PGN meeting
CUNA hosted the quarterly meeting of its Political and Grassroots Network (PGN) Thursday, highlighting CUNA’s advocacy work and featuring input from credit unions around the country. CUNA staff gave details…