Akshay Chopra leads the Dubai Innovation Center, a 4,000 square-foot facility helping Visa clients and partners build new payments experiences in Central and Eastern Europe, Middle East and Africa. Whenever…
Procrastination is something we're all guilty of. There are only so many hours in a day to get things done, and it's easy to push things off if we're feeling…
The Financial Accounting Standards Board (FASB) has issued its proposal on giving certain entities, including credit unions, additional time to implement the current expected credit loss (CECL) standard. The proposal…
The Federal Reserve Bank of New York this week released second quarter data on household debt and credit that showed total household debt reached a new high of $13.86 trillion…
“Machine learning” and “financial services” are not two concepts that obviously go together—after all, financial institutions, particularly credit unions, rely and pride themselves on established trust with their members that…
The ranking Republican on the House Financial Services Committee is requesting hearings on data security in the financial industry, including the role that regulators play in the oversight of data…
Four incredible cities remain in CO-OP’s 2019 Roadshow tour: Chicago, Nashville, Houston and Washington, D.C. CO-OP Roadshows are designed to help you get ahead of the payment and fintech trends…
Have you ever tried Newman’s Own salad dressing? Most of us have at one point or another and, if you haven’t, chances are you’ve heard of it. It’s owned and…
The intersection of privacy and personalization is a hot topic across all industries, not least the banking industry. Consumers are growing increasingly skeptical of what brands know about them and…
With student loans continuing to soar, the crisis has become a hot topic in both political and financial news. Student loan debt has reached astronomical levels in the United States,…
The total loan portfolio at U.S. credit unions reached almost $1.1 trillion in the first quarter of 2019. Aggregate loan balances expanded 7.9% — or $77.6 billion — year-over-year. Growth,…
Northwest credit union leaders welcomed an opportunity to meet in Olympia last week with Todd Harper, recently sworn in as a Director on the three-person board of NCUA. Rep. Denny…
NAFCU Tuesday sent a Regulatory Alert to member credit unions seeking feedback on the Federal Reserve's FedNow Service – a real-time gross settlement service that will feature integrated clearing functionality…
I just returned from five days at the National Speakers Associationconference in Denver, Colorado, where I had the opportunity to learn from the best speakers in the world about how…
The African-American Credit Union Coalition (AACUC) recognized Maurice R. Smith as the 2019 Recipient of the AACUC Pete Crear Lifetime Achievement Award at its 21st Annual Conference in Charlotte, N.C.…
A rundown of some recent credit union financial technology announcements focuses on core platform changes, a strategic innovation group, an automated lending solution and a collaborative analytics ecosystem. Jack Henry,…
What’s the difference between a successful planning session and an unsuccessful planning session for your credit union or bank? Execution. Execution makes all the difference. As strategic planning season gears…
Credit unions have a great deal of data on their members - how much they earn, where they spend their money, how much their house is worth. Credit unions now…
Roughly 15 years ago, a good friend let me know about a job opening at a place called NAFCU. Long story made short, I got the job. (And something else…
This has been a tough month for the industry in terms of data breaches. The most significant incident was the Capital One breach, in which over 100 million consumers were…
IT is a fast-paced field, but Michigan State University Federal Credit Union($4.2B, East Lansing, MI) keeps up with the constant change. Rather than partner with turnkey providers, the MSU-affiliated credit…
The Consumer Financial Protection Bureau (CFPB) has announced adjusted threshold amounts for several provisions in Regulation Z, which implements the Truth in Lending Act (TILA). The CFPB is required to…
A preferred language question on the government-sponsored enterprises' (GSEs) redesigned Uniform Residential Loan Application (URLA) will now be voluntary instead of mandatory, the Federal Housing Finance Agency (FHFA) announced last…
The demand for innovative financial solutions is rapidly evolving. Credit unions looking to stay competitive in the market will need to adopt a culture of innovation. However, building or buying…