Syndicated

The Coronavirus pandemic has officially settled in, but credit unions can expect to deal with the fallout for months. This leads to many questions rolling in on how to keep…

So much has changed in the last few weeks as the COVID-19 crisis continues to unfold around the world. Here in the US, many organizations have been forced to quickly…

Globally, we are facing a challenge right now with the coronavirus pandemic. Every day, there is more and more news about the impacts the virus is having on our health…

NAFCU continues to receive questions from credit unions as they navigate the challenges posed by COVID-19 and work to help their members who are adversely impacted. One common question is…

Between trying to keep employees safe and healthy, keep business rolling, and offer members support during this trying time, there is no shortage of work needing to be done in…

Through direct CUNA and League advocacy, credit unions will be able to better serve their members affected by the latest coronavirus disease (COVID-19) relief legislation. The bill, passed by the…

NAFCU President and CEO Dan Berger Wednesday urged the NCUA to grant credit unions "additional capital flexibility to address the economic crisis" and provide parity with banks in light of…

In November 2019, the National Credit Union Administration finalized an updated interpretive ruling and policy statement called the Second Chance IRPS. This liberalizes the ability of federally insured credit unions…

Credit unions are taking to social media to share information with members during the COVID-19 outbreak. Rather than relying solely on words, Signal Financial Federal Credit Union in Kensington, Md.,…

As businesses and consumers continue to quickly adapt to the arrival of COVID-19 unfortunately, so are fraudsters. The Department of Justice (DOJ), World Health Organization (WHO), and FBI have all…

I’m so fortunate at the Foundation to have a board that is truly diverse in its representation of our credit union system. I have credit union executives, system partners, a…

In times of national emergency or market disruption, scammers capitalize on public fear to take advantage of vulnerable consumers. FinCEN and many other organizations have issued warnings and red flags…

In a National Credit Union Association examination, a certain type of investment on a credit union’s books is likely to trigger extra attention from the examiner. In this post, I’ll…

More and more consumers are using payment apps like Venmo and Zelle to send money to friends and family. While allowing payments through these apps creates high value for your…

While CUNA supports the majority of NCUA’s proposed rule on bank-credit union combination transactions, there are aspects not statutorily required, several of which may be problematic, CUNA wrote to NCUA…

The Fifth Circuit Court of Appeals last week reversed its decision regarding the CFPB's constitutionality, reopening the case CFPB v. All American Check Cashing and granting a rehearing en banc.…

A new decade has begun. Although there has been a clear trend toward the use of digital tools in recent years, current events are highlighting the importance of a strong…

With many credit unions closing their lobbies and opting for drive-thru transactions and electronic servicing to practice safe social distancing, remember that this is a great opportunity to deepen relationships…

Amid the daily release of new information regarding COVID-19 (coronavirus), the idea of business as usual has been turned upside down. In fact, there’s not much “as usual” going on…

Criminals are leveraging fear over the COVID-19 (Coronavirus) to scam your financial institutions and consumers. By disguising themselves as a group or organization seeking financial support to help individuals or…

In dealing with the ongoing spread of the coronavirus (COVID-19), credit unions are facing great challenges to operate normally – especially in the contact center. As the largest member-facing department…

Regulatory violations result in costly fines and civil penalties. Financial Institutions, as well as Individual financial institution employees (including credit union employees) can be subject to these penalties. Last year,…

Federally insured, low-income designated credit unions that experience unexpected costs as a result of COVID-19 can requesturgent needs grantsfrom NCUA. “The NCUA recognizes that the COVID-19 outbreak will affect all…

Yesterday, the Federal Reserve announced a new stabilization package and committed to using the full range of its authorities aimed toward supporting the economy during the coronavirus pandemic. Included in…