Even though the acronym AI is now well-embedded in banking industry consciousness, actual use of artificial intelligence, and its cousins machine learning and data analytics, has been limited except with…
CUNA advocacy and compliance staff, including Chief Compliance Officer Jared Ihrig, Deputy Chief Advocacy Officer Elizabeth Eurgubian and Manager of Federal Compliance Information and Research Nancy DeGrandi met with NCUA…
New-home sales decreased 7.8 percent from April's upwardly-revised 679,000 annualized units. NAFCU Research Assistant Dhruv Singh attributed the plunging figure to the rising impact of tariffs on material costs. "Average…
Your credit union has not been pleased with its core system performance in the past year or so, and your contract renewal is approaching. The management team has decided that…
A U.S. District Court judge in Sacramento, Calif. sentenced former sports executive Jeffrey R. David to seven years in prison Monday for stealing millions in corporate sponsorship funds, including $9…
Whether because of common sense or because of regulation, your credit union needs to be prepared for the worst. So, how do you start preparing for the worst? With a…
When partnering with credit unions and banks on brand and consumer experience initiatives, we counsel that all employees are brand ambassadors. That is to say, every employee from the CEO…
In one morning, Chase Bank made its ambitious plans for building more branches around the country more concrete than ever by unveiling its “flagship branch,” reemphasized the importance of face-to-face…
Credit unions have a business model distinct from other financial institutions — one in which members are owners, and their financial wellness is the credit union’s top priority. At the…
When it comes time to plan for your credit union’s future, what issues are on the agenda for your next strategic planning session? The 2019-2020 CUNA Environmental Scan explores trends…
The House is expected to vote this week on the Financial Services and General Government (FSGG) Appropriations Act for Fiscal Year 2020 (H.R. 3351), a bill that contains CUNA-supported levels…
Contrary to some bank lobbyists' arguments, the increase in credit unions' acquisitions of banks is "a strategic decision" – both for credit unions to grow and banks to benefit financially…
There are more than 5,000 credit unions with 117 million members across the U.S. Members-only credit unions typically have lower fees and offer better interest rates than traditional banks, and…
Darrin Hopkins, one of three men who ran the so-called “God Squad” social media group that deceived high school students to steal hundreds of thousands from credit unions and a…
At the 2019 Association for Talent Development International Conference and Exposition that was attended bymore than 13,000 people in May, the room was full for one of the conference keynotes,…
The sounds of these words always bring me peace. Almost a type of serenity. And, at the same time, overwhelming feelings of excitement and hope because of the opportunity that…
Governance, Financial Inclusion, India, Tier 3 economies, remittances, payments, currencies, tokens, coins,… These and more terms have been tossed around over the past few days, as we consumed facts and…
Hi compliance friends! Since we all spend about 25 hours per day online, let’s take a look at some of the content posted there…. policies and notices! Credit unions attempt…
Credit unions kicked off 2019 with another strong first quarter. Although lending activity is slowing versus a year ago, membership growth — a key indicator of future growth potential —…
According to a recent BlackRock report, financial worry outranks other leading stressors including health, family and work. Financial stress is a top worry for American families because many of them…
CUNA called on Senate leadership Monday to reject inclusion of any language in the National Defense Authorization Act (NDAA) for fiscal year 2020 that would expand the Department of Defense’s…
A new loan product from Freddie Mac – CHOICERenovation – allows borrowers to combine home improvement costs with a mortgage or refinance loan. "We realized that there's a significant amount…
Organizations often prioritize risk management only during bad times, says Steve Houle, vice president, advisory service, for Catalyst Corporate Federal Credit Union. “That’s the wrong way to manage,” says Houle,…
The $295.5 billion Lévis, Quebec-based Desjardins, Canada’s largest credit union with 7 million members and 46,216 staffers, and one of the world’s largest financial institutions, disclosed an employee-caused breach. In…