The most cannabis-friendly Congress in history is back from its August recess, and lawmakers are already making key moves to advance marijuana reform legislation. The immediate focus is on a…
Credit union interest is growing in offering member business loans, or MBLS, even though strict regulatory limitations still exist. The lending rules are clear, but the amount of MBL dollars…
My fiance and I just bought our first home. We decided to go with an out-of-state lender thinking we'd get the best rates and lower closing costs that way... but…
For all the talk about how well FinTech start-ups are doing, I hear two regular laments from bank CEOs. First, why aren’t we valued like FinTechs? and second, why aren’t…
Project management at WSECU($3.0B, Olympia, WA) has taken a sharp turn in the past year. Before the fall of 2018, the credit union would identify a new or improved product…
How often do you chat with a chatbot? Do you ask Alexa to turn on your lights and play your favorite songs? Does Google Assistant set your alarm clock and…
Increasing competition from fintech companies in the traditional lending arena, decreasing profit margins and rapidly changing member preferences are driving credit unions into the digital lending space to stay relevant.…
The House will consider a continuing resolution to fund the federal government past Sept. 30 this week, and will also consider several financial services-related bills under suspension of the rules.…
Michelle Bowman was confirmed by the Senate last week to a full, 14-year term on the Federal Reserve's Board of Governors. She was confirmed in November for a term that…
In addition to being a lending geek, I’m also a bit of an armchair economist. Like an armchair quarterback, an armchair economist has never actually been an economist, but I…
The New York Giants were all but eliminated from the NFL playoff chase in December 2011, when a world history teacher from a New Jersey high school gave them a…
Almost three quarters (74%) of online purchases are for digital goods and services; and ridesharing and restaurant delivery represent fastest growing purchase category overall according to a survey from Fiserv,…
Mental health professionals say communication problems are the main reason marriages end in divorce. If poor communication can sever even the bonds of love, imagine what havoc it can wreak…
Your credit union competing for more than the best rates on things like mortgages and auto loans. You’re also competing for the top spots on Google’s search engine results page.…
If the many conversations Callahan & Associates has held with industry technologists across 2019 are any indication, credit unions might soon stop chasing waterfall. Waterfall, of course, is a software…
The world is not soon going to be taken over by robots —and neither are credit unions. But for the latter, bots can be a crucial component of member engagement…
In almost every industry the traditional boundaries defining it have blurred. Banking was a little later than some in this digital transformation, but no longer. New entrants seriously challenge long-held…
The CUNA Board of Directors, led by Brett Martinez, president/CEO of Redwood CU in Santa Rosa, Calif., voted in favor of a resolution to clearly and prominently establish diversity, equity…
Visions Federal Credit Union's Director of Government Affairs Patricia Shermot received NAFCU's 2019 Paul Revere Award at the association's annual Congressional Caucus. The Paul Revere Award recognizes a NAFCU-member credit…
Succession and internal development are a “major focus” for $400 million Century Federal Credit Union in Cleveland, says CUES member Sharon Churchill, CPA, CCE, president/CEO of the organization. As such,…
While traditional data warehouses will remain an important tool for addressing business issues and unearthing insights, data democratization is becoming increasingly important. Data management technology should allow users across the…
Senate Banking Committee Chairman Mike Crapo (R-Id.) may be getting ready to allow the panel to vote on a marijuana banking bill by the end of the year. A Crapo…
Financial institution auto loan portfolios continue to grow annually. In fact, Experian1reported that auto loan balances climbed to $1.18 trillion in the first quarter of 2019, a 6.5% increase from…
A well-conceived digital transformation delivers growth opportunities on every front, allowing credit unions to connect with members and meet them on their terms. To unlock digital’s full potential, credit unions…