Syndicated

A decade ago, Firefly Federal Credit Union ($1.3B, Burnsville, MN) struggled with what to say when it fielded applications from prospective members with poor credit. “If we couldn’t give someone…

Tax season is in full swing, and while credit unions are gearing up to process tax return payments, the NAFCU Compliance team has received a number of questions on what…

On Feb. 26 the U.S. District Court for the Western District of Pennsylvania granted preliminary approval of a proposed settlement in First Choice Federal Credit Union v. The Wendy's Company,…

The U.S. economy grew 2.6 percent in the fourth quarter of 2018, according to the Commerce Department'sfirst estimate. While growth slowed, it "came in firmer than expected," noted NAFCU Chief…

If your credit union is looking to improve its leadership development programs or create an organization-wide succession plan, one place to start is with a young professionals group. “YP” groups,…

Deborah N. Peters, who took over a Pennsylvania credit union that had been victimized by internal fraud, was banned Thursday by the NCUA. Peters became the president/CEO of the Wilkes-Barre…

Amid Amazon’s efforts to grow its reach in the food space, the eCommerce retailer is reportedly looking to launch grocery stores in multiple big U.S. cities. The company is reportedly…

The Fair Debt Collection Practices Act was passed in 1977 to restrict abusive activity by debt collectors. It covers the activity of anyone who collects debts owed to another party.…

A recentRetail Banking Trends and Predictions reportdetails a number of developments that banks and credit unions can prepare for and stay on top of this year. And fortunately, a number…

It's exciting to dream about the big things in life – college, a new home, retirement. Saving for those milestones? Not so much. Improving the financial experience may help change…

NAFCU was founded more than 50 years ago to represent credit unions at the federal level. We remain committed to our original mission of strengthening credit unions, but our approach…

NAFCU'sBrad Thaler wrote to Senate Banking Committee leadership in advance of today'shearing on capital formation and corporate governance to urge the committee to take action to allow credit unions to…

2019 will be an interesting year for regulatory compliance. Unlike the past couple of years, we are not facing major regulatory changes. At the same time, we could perhaps have…

Have you ever seen an event that celebrates a different culture or group, but felt excluded because you are not a member of that community? Perhaps it was a conference…

A Nigeria-based scammer gang dubbed “Scarlet Widow” is unleashing email fraud attacks against K-12 schools, universities and nonprofits around the world, according to a report from Foster City, Calif.-based Agari.…

What does your credit union do to encourage diversity in its leadership ranks and workforce? I don’t want to get into a political discussion by asking this question. I’m only…

Recently, I shared with you two of the fundamental principles for improving the member experience – a topic so important to the growth and sustainability of credit unions that it’s…

Research conducted by Clearswift shows that 42 percent of all data breaches are caused by internal security lapses. That’s a staggering percentage considering it only takes one data breach to…

In every community of any size — online or off — there are influential voices. Some have a following and a reputation large enough that they monetize it — charging…

Member value is a credit union industry term thrown around to try to define the value members receive from their CU. But value itself is a subjective term, meaning different…

The time has come for new federal protections regarding the use and security of data held by all businesses and entities, CUNA wrote to leadership of the Senate Commerce, Science…

NAFCU's 2019 board election cycle is now open with four director positions available – one at-large position and one position each for the Eastern, Southern and Western Regions. Two incumbents…

We never think it will happen to us, that a cyberattack like February’s credit union phishing campaignwill be successful. But what if is? By now, you are probably aware that…

Grace Garza, a former credit union teller and vault supervisor will be sentenced in May after pleading guilty to embezzling more than $1.1 million from the $83.3 million Space City…