The Foundation is currently seeking nominations for four board seats with a deadline of October 28, 2020 to apply. Volunteers may generally serve up to three terms of the duration…
As I reflect back on a week that included Voter Registration Day and the passing of Supreme Court justice Ruth Bader Ginsberg, I find myself wondering about the role that…
October is National Cybersecurity Awareness Month and a perfect opportunity to ensure your credit union is buttoned up against the latest fraud and cybersecurity threats. Particularly as we approach election…
Amendments to the NCUA’s chartering and field-of-membership rules go into effect Oct. 14, NCUA Chairman Rodney Hood wrote in a letter to federal credit unions (20-FCU-03). These changes will allow…
TheFinancial Stability Oversight Council (FSOC) Friday met to discussits activity-based review of the secondary mortgage market and acknowledged that the government-sponsored enterprises' (GSEs) activities, if not mitigated, pose a risk…
Many credit unions are marketing meaningless, stale brands. Simply look at some of the brand messages credit unions push in their marketing today. One claims to be the “friendly place,”…
What was your worst financial decision? Every day, the content team at Zogo works to make our app’s bite-sized lessons in personal finance one of the best financial education experiences…
Customer satisfaction is key to your bank’s lasting success. After all, unhappy customers have plenty of other places to look for personal financial products. And many do. Sixty-nine percent of…
Recent years have seen much discussion regarding millennials’ entry into the workforce, spending and financial maturation. But as the oldest millennials approach 40, Gen Z banking is zooming into focus…
Our credit union family around the country is facing natural disasters from the wildfires in California to tropical storms and hurricanes in the south. At the Foundation, we are positioned…
More than 500 credit unions are now using Credit Union Compliance Management System™ (CU CMS) after just six months of national availability. The solution has been adopted by credit unions…
The CFPB released additionaldata from itsMaking Ends Meet Survey– conducted in May 2019 – related to consumers' saving habits. The new data from the survey indicates that many consumers are…
Typically, trends emerge over time. There is an opportunity to observe changes and determine whether, and how, to adapt. But this year, change has been abrupt and fast—leaving little time…
While no one can predict the future, boards and credit union management teams can take steps to identify and manage risks that will give the credit union better odds at…
As our nation continues to grapple with the impact of the coronavirus pandemic, many business leaders are assembling teams and task forces to determine the best way to safely return…
We hear it all the time: Don't jump to conclusions. Get all the facts before making your decision. But that is easier said than done. We each have personal biases…
As of June 30, 2020, credit unions held $533.8 billion in investments — that’s up 19.2%, or $85.7 billion, from one quarter and is the largest quarterly dollar increase on…
Don’t fret. There’s hope. Many parents have figured out ways to support and encourage smart financial habits in their adult children living at home without neglecting (or draining) their retirement…
Changes to regulations and the creation of new lending programs have and will continue to help individuals affected by the pandemic, CUNA wrote Thursday to the Senate Banking Committee. The…
The U.S. Mint has announced that October will be #GetCoinMoving month – a month-long campaign created to encourage consumers to redeem their spare coins. New tailored resources and recommendations issued…
When 2020 forced us to react to a pandemic, none of us knew how our lives would change and what our new normal would look like. The generally accepted expectation…
Last October, the NCUA rolled out policy changes that increased bond oversight responsibilities of a credit union’s board of directors. To keep your credit union informed and compliant, we’ve put…
“How are you?” Has this once generic greeting been a conversation game-changer since the onset of COVID-19? The once-rhetorical and sometimes disingenuous greeting, “How are you?” as well as “How…
Strategic planning ideas are a second thought for many this year. For example, a financial institution executive was recently discussing with me the severe impacts from the pandemic: earnings are…