Less than half of credit union senior executives have an optimistic outlook for 2019, according to a new Cornerstone Advisors report released Monday. What’s more, a positive outlook among credit…
Fraud threats are growing in sophistication and scope as 2019 unfolds, leaving credit unions to deal with daily operations and — when they can — determine where to allocate resources…
Almost a third of Americans have stopped using cash for their typical weekly spending, according to the Pew Research Center. This continues a trend the organization has been tracking since…
Debit cards remain one of the most frequently used forms of payment. 70 billion debit transactions take place each year in the U.S. alone. According to the latest study from…
The National Credit Union Foundation has approved eightBite of Reality App Grants totaling $40,000 to help credit union organizations bring additional scale and reach to the reality fair experience. The…
NAFCU Chief Economist Curt Long joined Politico Money Podcast, hosted by Ben White, to offer his thoughts on the risks or likelihood of another recession. Long noted one of the…
We have now entered year 10 of the recovery since The Great Recession, which is fairly unprecedented territory when it comes to an economic expansion. Many lenders in the industry…
They are federal financial regulators who filed for expenses like corporate CEOs, seeking reimbursement for limos, deluxe air travel and meals in posh restaurants. There was an UberBlack ride from…
Former credit union CEO Susan Margaret Garza was sentenced by a federal judge in Galveston, Texas Thursday to 36 months in prison for bank fraud that was uncovered more than…
Financial institutions across the U.S. have seen deposits stagnating or diminishing. The problem this poses to financial institutions is obvious. The solution to that problem? Not so obvious. Sometimes your…
In the everyday hustle and bustle that occurs at your financial institution, it can be easy to wander off the path and lose focus. It happened to Texans Credit Union,…
Like many, my organization uses the month of January for individual reviews – both to evaluate the previous year's progress and set new goals for the next 12 months. Prior…
Legislators around the country continue to send furloughed federal workers to local credit unions for financial assistance as the government shutdown continues. Kevin Hassett, President Donald Trump’s chief economic adviser…
Sterling Jewelers, Inc., will pay $10 million to the Bureau of Consumer Financial Protection and $1 million to the state of New York to settle claims that it violated the…
CFPB Director Kathy Kraninger has asked Congress to explicitly grant the agency authority to conduct examinations of financial institutions’ compliance with the Military Lending Act—a move that could settle a…
Tis the season for New Year’s resolutions--and that’s just as true for banks and credit unions as it is for their consumers. While most financial institutions will start 2019 with…
It’s no good to be a dinosaur in the financial sector. Not only are dinosaurs notoriously temperamental, but they can’t type. Oh, and they’re extinct. If branches don’t want to…
Understanding your members’ behavior gives you the opportunity to serve them effectively and in turn, increases your bottom line. Unfortunately, it is not uncommon for credit unions to overlook existing…
Connecting with younger consumers — those born between 1995 and 2012 — as they are making decisions about their finances is a critical part of any bank’s entry-point marketing strategy.…
When Liz Hayes joined Infinity Federal Credit Union($349.2M, Portland, ME) in October of 2014, she realized right away she had inherited a top-down culture where decisions flowed down. “I had…
President Donald Trump nominated former NCUA board member Rodney Hood Wednesday to fill the board seat currently held by board member Rick Metsger. Hood was nominated in the last Congress…
Kansas City Federal Reserve President Esther George, and a voting member on the Federal Reserve Open Market Committee (FOMC) this year, said the monetary-policy setting committee "should proceed with caution"…
McLean, Virginia-based PenFed Credit Union has announced it will begin issuing contactless cards to members this month. The credit union, which has $24 billion in assets and about 1.7 million…
Security Information and Event Management (SIEM) is an integral facet of your credit union’s IT department’s responsibilities. Your IT staff may have some SIEM capabilities of their own, but might…