Reps. Suzanne Bonamici (D-Ore.), Deb Haaland (D-N.M.), and Don Young (R-Alaska) led 62 of their colleagues in calling on House leadership to remove restrictions on credit unions that prevent them…
Yesterday, the Small Business Administration (SBA) announced that all of the original $349 billion in funding for its paycheck protection program (PPP) had been fully allocated. As the industry's Washington…
The National Credit Union Administration has given federal credit unions increased flexibility to hold virtual annual meetings or delay their annual meetings because of the COVID-19 pandemic. On March 20,…
At 9:22 a.m. on April 19, 1995, everything changed for Federal Employees Credit Union (FECU) in Oklahoma City. What started as a normal day for those at the credit union…
Imagine visualizing your most broken business processes, breaking down silos and bringing your whole team together in an empathetic, collective mission to make improvements. Sounds pretty good doesn’t it? It’s…
To the Editor: I'm writing today to advocate for quick action on behalf of the heroes of our American economy, small and local businesses. As the President & CEO of…
The COVID-19 pandemic could be shifting the way we work. While remote work has picked up in recent years, companies have mainly offered it as a flexible option to help…
The world we're currently operating in makes it difficult to look past the end of the week. Our businesses have been disrupted by the coronavirus pandemic. New issues and concerns…
The new reality presented by COVID-19 has spurred operational changes at Abound Credit Union ($1.7B, Radcliff, KY). The Bluegrass State cooperative has a longstanding devotion to the financial wellness of…
The Consumer Financial Protection Bureau (CFPB) Thursday finalized its Home Mortgage Disclosure Act (HMDA) rule permanently increasing the threshold for collecting and reporting data on closed-end mortgages and open-end lines…
"Retail sales plummeted [in March] as the effects of COVID-19 shutdowns reverberate through the economy," said NAFCU Chief Economist and Vice President of Research Curt Long in a newNAFCUMacro Data…
Worries of an economic recession loom as the COVID-19 pandemic continues to sweep across the globe. While the everyday routines and the future of your credit union may be uncertain,…
In the past decade, financial institutions have had to adapt to growing consumer expectations for interactions that are fast, easy, and secure—in other words, frictionless. Frictionless payment solutions make it…
We’re quickly learning how important adaptability is, aren’t we? Organizations, teams, and individuals who are adaptable are having a bit of a better go during this current crisis, at least…
Many of us are closing out nearly a month of remote work and weeks of state-mandated ‘shelter in place’ orders. COVID-19 continues to impact work routines as remote work or…
The initial $349 billion pool for emergency loans for small businesses derailed by the coronavirus pandemic has run dryas Republicans and Democrats squabble over how to replenish the relief program.…
If you’re still not sure how the Setting Every Community Up for Retirement Enhancement Act of 2019 has already changed your credit union’s retirement plans, you’re forgiven. The law passed…
Whether your credit union has been around for a few decades or a hundred years, it can be a challenge to modernize your organization’s marketing and the technology you use…
Permitting electronic signatures on wire transfer documents would allow credit unions to continue member service during the coronavirus disease (COVID-19) pandemic in a safe and sound manner, CUNA wrote to…
Following NAFCU's discussion last week with the NCUA on its view of managing cybersecurity and privacy risks amid the coronavirus pandemic, the agency Tuesday issued a risk alert for credit…
Being an effective leader requires not only understanding the people you’re leading, but also how the human brain operates and how it affects a person’s actions and emotions. Responding to…
Section 722.4 of NCUA’s regulations sets forth minimum requirements for appraisals when one is required for a loan. Recently, the compliance team at NAFCU has received some questions from members…
When you own a house, most hope that they never have to know too much about the intricacy of the home’s plumbing system. Odds are, if there’s a plumber at…
Now more than ever, the credit union philosophy of “people helping people” is critical to maintaining member loyalty and trust in their biggest time of need. While the COVID-19 pandemic…