Syndicated

The Bureau of Labor Statistics reported non-farm payrolls increased 559,000 in May, and the unemployment rate fell to 5.8 percent. NAFCU Chief Economist and Vice President of Research Curt Long…

The financial services industry had a landmark year in operational transformation and, whether due to safety concerns or due to necessity by lockdowns, consumers have changed since Q1 of 2020.…

It’s officially Pride Month! Last year, we saw many credit unions celebrating Pride Month and particularly enjoyedthis roundup from CUNAfeaturing notable Pride-related tweets. We love blog posts and social media…

What motivates CUES member Bill Vogeney, chief revenue officer at Ent Credit Union in Colorado Springs to find time in his hectic schedule to help a group of smaller credit…

Credit unions aren’t alone in facing digital disruption, new competition, and unexpected surprises in the marketplace. Traditional auto dealers, for example, felt the pinch as U.S. consumers opted to avoid…

When it comes to the digital economy, the United States has been a holdout. Still, there was $895.7 billion worth of U.S. digital transactions in 2020. As most are aware…

In its May 2021 meeting, the National Credit Union Administration (NCUA) Board approved a final rule that amended its derivatives rule. A derivative is “a financial contract which derives its…

Federally insured credit unions reported net income growth of $11.3 billion, or 134.9%, over the year ending in the first quarter of 2021, according to the latest financial performance data…

Total vehicle sales fell from 18.8 million annualized units to 17 million annualized unitsin May. Monthly sales levels were up 40.3 percent year over year. NAFCU Chief Economist and Vice…

I’ve been in the credit union industry for more than 22 years. Throughout those years, I’ve been searching for all kinds of diversity … diversity of thought, action, operations, ethnicity,…

Happy Friday compliance friends! My name is Becky Harris, and I am one of two new Regulatory Compliance Counsels at NAFCU. This is my inaugural blog post, and I’d like…

Though trends often come and go, cost-saving movements tend to gain momentum and stick around—particularly for businesses. One area frequently targeted for savings by employers is employee benefits. It’s easy…

When it comes to the unexpected, it’s hard to feel proactive. Natural disasters are overwhelming, unexpected, and can change quickly. Service delays can be compounded as business operations stall, mail…

Biz Kid$is a credit union-funded and branded financial education program for young adults, championed by the National Credit Union Foundation. Biz Kid$ ignites a passion for students to invest in…

Establishing trust is critical for aspiring leaders, and especially important to being an effective leader. Trust can be established through positively impacting the lives of your team. Three Star Leadership…

Small lender access to the secondary mortgage market is vital to ensuring the housing finance market benefits consumers, CUNA Senior Director of Regulatory Advocacy and Counsel Elizabeth LaBerge told a…

The Federal Reserve Tuesday issued a proposed rule to govern funds transfers over its FedNow Service that would establish a new, comprehensive set of rules and set out legal rights…

Banks and credit unions are more eager than ever to leverage the latest technologies to boost efficiencies, improve the customer experience and enhance their brand. From instant account opening and…

Electronic bill presentment and payments (EBPP) is a wide-reaching discipline that encompasses everything from mobile-enabled bill payments to funding methods like debit cards, credit cards, and ACH. With so many…

When COVID-19 swept across the United States in 2020, it stalled economies, shut the doors of business, and forced employees to work from home. Never one to be deterred by…

In the rapidly evolving cyber threat landscape, credit unions must leverage threat intelligence to quickly react to new vulnerabilities. New threats are identified daily, and good threat intelligence allows credit…

I can rattle off a half dozen marketing mistakes credit unions make, but I want to focus on the one major mistake that I see time and time again. It’s…

CUNA Finance Council recognized its best and brightest via five awards presented at the recent CUNA Finance Council Virtual Conference, May 18-20. The winners and their accomplishments will be featured…

NAFCU's Cybersecurity and Payments Committee met yesterday to discuss the latestdevelopments on interchange, the Federal Reserve issuing a request for comment (RFC) to seek input on proposed guidelines for evaluating…