“Beware: Cyber scares!”
Happy Halloween, Compliance Friends! With the rise of social media, there seems to be a day and/or month for nearly every thing, occasion or cause. However, the observation of October…
Syndicated
Fintech, Big Tech rivals drive growing dedication to innovation
Over the last decade, banks and credit unions have needed to respond to the impact of the financial crisis, the digitalization of the industry and mobilization of the consumer, an…
Recording now available of CUNA’s RDC litigation webinar
CUNA members can now access a free recording of a webinar outlining the latest development in patent litigation brought against several credit unions involving remote deposit capture (RDC) technology. The…
Oral arguments in CU’s ADA case conclude; NAFCU awaits decision
Oral arguments concluded Tuesday in the case against the Department of Labor Federal Credit Union (DOLFCU) regarding unclear website accessibility standards under the Americans with Disabilities Act (ADA). NAFCU attended…
Video tellers: How the jury is leaning
The jury is still out on how successfully video tellers can replace face-to-face transactions, says Chris Gill, senior director of global advisory services at Diebold Nixdorf, Canton, Ohio, an ATM…
Connect with millennial homebuyers
There are the stories of millennials being saddled with large student loans, living in their parents’ basements, and having difficulty finding jobs. But things are looking up for this generation…
Most P2P mobile app features surging, according to research
P2P payments are surging at a brisk 250% clip, but not all payment services are catching on yet, according to the annual App Store Research from Malauzai Software, a Finastra…
Walmart prepares for the holidays with inventory, faster checkout
To prepare to take a larger chunk of consumer spending over the holidays, Walmart plans to offer digital maps in its stores to guide shoppers to product locations. At the…
A prayer and a promise
When I accepted the position of CEO of Coopera earlier this month, my team gave me a framed quote that, in terms of the organization’s mission and my own personal…
What’s in a name: Diversity & Inclusion Officer
Notre Dame Federal Credit Union ($628.1M, Notre Dame, IN) prizes diversity and inclusion in its service to 58,000 members. So much so, in fact, that it has created a staff…
Purposeful Talent Development: Create a habit of learning
To keep pace with changing personal goals, technology and organizational initiatives, our knowledge and skills need to evolve and develop. The book you read, course you attended or degree you…
Search for CCUA president/CEO to resume
SarahVega, recently named as the new president/CEO of the Cooperative Credit Union Association, has decidedto remain at her NCUA post. At CCUA's recent Annual Convention, the board announced its selection…
NAFCU attends today’s oral arguments in CU’s ADA case
NAFCU will attend oral arguments held today by the U.S. Court of Appeals for the Fourth Circuit over a meritless lawsuit filed against the Department of Labor Federal Credit Union…
Introducing contactless cards to members
Research is showing that contactless payments may have legs. If your credit union decides to move forward, here are five steps that credit unions should take to introduce contactless cards…
Ricchiuti: Downturn could be on the horizon
“Recession” is a scary word but worries of an upcoming recession are not something that should keep people up at night. “A recession is not necessarily the end of the…
The ghostly lessons learned by some CUs
They are memories that haunt credit union leaders to this day–simultaneous conversions, branches in “un-nice” places, and even a “Boogie Man Of Ambition.” They’re also the kinds of ghoulish lessons…
Tricks (and treats) for reimagining your auto loan portfolio
It is an exciting time to be a bank or credit union in the auto lending marketplace! More than ever before, borrowers are seeking out unique solutions for financing their…
Interactive teller machines and regulatory requirements
Credit unions are known for serving their communities and operating in a lean way to ensure members receive cost-saving benefits in the forms of lower loan rates, higher dividends and…
Voice, tokens, security and SRC: Trends shaping the future of payments
A number of trends that will shape payments in 2019 and beyond emerged from the recent Money20/20 conference in Las Vegas, where leaders in fintech shared insights about where the…
How to survive the future of banking
Banking careers are being disrupted every day due to the confluence of technology and competition. The traditional career path of being hired and automatically moving up through an organization due…
CEFCU expands used-auto program w/ $600K CDFI grant
The Treasury’s Community Development Financial Institutions (CDFI) Fund awarded Cutting Edge FCU (CEFCU) a $600,000 in grant funding to expand the credit union’s affordable used-auto loan program for low-income members.…
This week: NAFCU advocacy on Hill continues; meets on faster payments, CECL
With midterm elections just over a week away, the House and Senate remain out of session. NAFCU's award-winning advocacy team is still active on Capitol Hill on top industry issues…
Value volunteers’ expertise
Every director brings a unique perspective to the board. Alejandra “Ale” Spray is no different. As marketing director for a construction firm, Spray offers the Bellco Credit Union board 20…
IRS revokes credit union’s tax exempt status
The IRS has revoked the tax-exempt status of a financially troubled California credit union. The $590,634 Jones Methodist Church Credit Union in San Francisco, chartered in 1953 for its members…