Looking for a better way to create business continuity? You’re in luck! On this week’s episode ofBanking on Experience, CIOSteve ErvolinoofDupaco Community Credit UnionjoinsCRMNEXTCEO Joe Salesky to share his expert…
Last week, NCUA issued Letter to Credit Unions 20-CU-17 to update the industry on the agency’s off-site supervision approach. The letter outlines changes that are effective June 1, 2020 and…
NCUA’s latest Letter to Credit Unions (20-CU-17) provides an update to the agency’s offsite examination and supervision approach due to the ongoing coronavirus disease (COVID-19) pandemic. According to NCUA, the…
The House Thursday passed bipartisan legislation, on a 417-1 vote, to ease restrictions on how businesses use the paycheck protection program, expanding the terms of the loans. Also on Thursday,…
A credit union’s strategy must evaluate the internal and external factors it will encounter on our journey through ordinary times and totally unprecedented circumstances like the COVID-19 pandemic and help…
Hispanic business owners who are struggling financially during the coronavirus (COVID-19) pandemic may not be aware financial assistance is available or may not have been able to access funds from…
Back in late March we blogged about NCUA Letter to Federal Credit Unions 20-FCU-02, which provided an option for FCUs to hold their annual meetings virtually, and reminded FCUs of…
While many stay-at-home orders have been extended, some states are allowing at least some businesses to reopen. It is important for organizations to realize the need for advanced planning of…
The U.S. Small Business Administration has indicated that financial institutions (including credit unions) under $10 billion in assets have stepped up and collectively have around $60 billion (about a third)…
The coronavirus pandemic has changed the way we do business. It's caused us to review our priorities to ensure they align with what our members/customers expect from us. It's changed…
Virtual tellers are serving members with a smile, be it via stand-alone machines or handheld smartphones. Shuttered lobbies have forced members into drive-thru teller lines and onto digital channels like…
The Small Business Administration (SBA) announced Thursday it is setting aside $10 billion of Paycheck Protection Program (PPP) Round 2 funding to be lent exclusively by Community Development Financial Institutions…
Mission Federal Credit Union President and CEO Debra Schwartz, Webster First Federal Credit Union President and CEO Mike Lussier,Strategic Resource ManagementSenior Vice President Larry Pruss, and NAFCU President and CEO…
The National Credit Union Administration and state regulators have taken a variety of actions to grant credit unions regulatory relief during the COVID-19 pandemic. Most of those regulatory relief actions,…
Some of the people who have been hit hardest by the coronavirus (COVID-19) pandemic are also those who have the least amount of resources and funds available to them. Point…
ATMs are known for their convenience, offering walk-upor drive-through access to financial products like checkingor savings accounts. Users leave with cash in hand or have checks deposited in minutes, all…
The Federal Reserve Open Market Committee (FOMC) April 29th meeting minutes, released this past Tuesday had one rather alarming comment. "Several participants remarked that a program of ongoing Treasury securities…
One of the more common questions we get from our credit union website clients is “how can we put secure forms on our website?” Credit unions can be far more…
Unemployment in the United States jumped into the double-digits in April, hitting 14.7%as the fallout of the coronavirus continues to deepen. But even as credit unions put systems and strategies…
In a blow to our economy unlike anything we’ve seen before, spending has plummeted across all payment methods and has impacted nearly every category, except for necessities such as groceries.…
Around 80% of credit unions are offering some form of new loan for their members, CUNA Senior Economist Jordan van Rijn told Forbes recently for an article on coronavirus hardship…
New-home sales were up 0.6 percent from March's revised rate of 619,000 annualized units to 623,000 units in April. NAFCU Chief Economist and Vice President of Research Curt Long noted…
The financial services industry has never really been static and has long been subject to shifts in government regulations and tax codes, disruptive technologies, economic policies, inflation rates and, most…
A South Dakota credit union CEO has leveraged a single donation into a community effort to provide supplies for frontline workers battling the coronavirus (COVID-19). Pam Brown-Graff was watching the…