Comments on RBC simplification, PCA relief due in May
Comments on a number of proposals issued by NCUA and the Consumer Financial Protection Bureau (CFPB) are due in May. A complete list of proposals and other rulemakings CUNA is…
Syndicated
As NAFCU anticipated, vehicle sales continue strong in April
Total vehicle sales stayed strong in April growing from 18 million annualized units to 18.5 million during the month. Monthly sales levels were up a massive 112.2 percent year-over-year. NAFCU…
Market numbers highlight ATM trends
Smarter ATM strategies crafted from sophisticated data analysis mostly have to be tailored to individual credit unions. However, overall market data can still shed light. One big trend as digital…
My employee has jury duty. What do I do?
Ah, jury duty! Everyone’s favorite civic responsibility. Codified in our founding documents as the only mandatory constitutional duty for individual citizens, about 32 million Americans are summoned for jury duty…
Growth in a (nearly) post-pandemic market
Amid a pandemic-plagued 2020, community banks and credit unions rose to the occasion as reflected in: the disproportionate number of PPP loans that kept local communities afloat, the emergency loans…
The top benefit of having a buy now, pay later card program
The buy now, pay later market is expected to grow 181% by 2024 according to the 2021 Global Payments Report by Worldpay from FIS. In fact, according to the same…
Risk Management 101: Help! We’ve been compromised
But, wait we umm.. never finished our Cyber Security Strategy… because you know {insert shiny item here} happened so we lost our focus. What do we do now?? The headline…
Brand is culture, culture is brand
Which is more important: Your credit union staff or its members? This may sound like the quintessential “chicken or egg” question, and you may be right. As astrophysicist and planetary…
Paycheck Protection Program funds depleted
The Paycheck Protection Program (PPP) has run out of funds, the Small Business Administration said Wednesday, just under a month before it was scheduled to expire May 31. The PPP…
Berger to Congress: Reject postal banking programs, empower CUs
In an op-ed published inMorning Consult, NAFCU President and CEO Dan Berger called on Congress to empower credit unions to help the nation's 63 million unbanked and underbanked consumers as…
Alternatives FCU programs support members’ transitions
Alternatives Federal Credit Union began 42 years ago when there weren’t great “alternative” financial options for consumers and small businesses. Our founders' innovation and passion to help people has left…
The need to know: IoT security
Welcome to the digital world, where cellphones hold your entire life in its database, tablets have become the new spiral notebooks, and contactless transactions make your day-to-day norms feel like…
Are we bringing back the 70s?
These days, many of us look back at the 1970s with an eye toward nostalgia. The decade is now fondly remembered for great music, the Golden Age of television, Studio…
FTC enters its largest FCRA settlement with home security company
On April 29, 2021, Vivint Smart Homes, Inc. (Vivint), a home security and monitoring company, entered into an agreement with the Federal Trade Commission (FTC) regarding alleged violations of the…
Episode 2: Interoperability, Consolidation, Fostering Adoption with Mark Ranta
Mark Ranta is our resident payments whiz here at Alacriti. In this interview, we expose ourselves as crypto-heads, and Mark gives some background on how the big payments organizations are…
In search of savings? Try tapping employee talent.
Process improvement initiatives atTruWest Credit Union($1.4B, Scottsdale, AZ) have historically been a top-down proposition. Although the credit union continuously hunts for ways to reduce friction or gain efficiencies, it was…
Economic Update looks at GDP growth through end of 2022
The U.S. economy saw a 6.4% annualized increase in Gross Domestic Product (GDP) in first quarter of 2021, according to CUNA’s latest Economic Update Video. In the video CUNA Senior…
Fed survey: Banks ease lending standards as loan demand returns
The Federal Reserve'sfirst-quarter senior loan officer opinion survey (SLOOS)revealed that banks have eased lending standards in several areas following a year-long trend of tightening due to the coronavirus pandemic. "Banks…
HR Answers: This learning organization focuses on building 10 competencies in 2021
It is not entirely surprising that one of the 10 competencies senior staff at $3.6 billion Affinity Federal Credit Union chose for employees to hone their skills in 2021 is…
Integrating data science and analytics to drive member insights and credit union growth
Credit unions are challenged more than ever with increased competition and changing market dynamics. To remain competitive and meet member expectations, they need powerful tools to understand and anticipate the…
All signs point to a recovered auto loan market!
If you’re anything like me, now that we’re a solid quarter into 2021, the haze and fog of 2020 is finally starting to dissipate. More businesses and organizations have begun…
Grow retention by doing good
Financial wellbeing is more than just the latest feel-good financial services buzzword. It’s a prescription for addressing your banking customers’ essential economic concerns in order to look after their long-term…
The power of predictive analytics with Andy Rosmeissl
Want to predict the future? Banks and credit unions incorporating the right kind of predictive analytics can do precisely that, and the potential benefits are enormous. This week, on CRMNEXT’s…
What’s in a name: Member Experience Researcher
With nearly 1.3 million members scattered across the country and around the world, a delivery network of 60 branches, and a full lineup of digital delivery options,BECU($26.8B, Tukwila, WA) is…