U.S. Bank, the country’s largest regional bank, began taking advantage of a roll-back of OCC regulations that prohibited banks from offering deposit advance products. According to the LA Times, a…
Consumers Credit Union ($1.2B, Gurnee, IL) is polishing up its online image by incenting employees to identify members who might post a positive online review. The Illinois credit union’s 5…
On Tuesday, 49 credit unions and partners participated in a statewide day of kindness. Across Minnesota, the day was dedicated to community service projects and volunteer opportunities impacting over 335,000…
While encouraging financial institutions to help those affected by Hurricane Michael, the Office of the Comptroller of the Currency, Federal Reserve, FDIC, NCUA and state regulators announced in a joint…
Credit unions inherently differ from banks in that your primary mandate is service to members, rather than return to shareholders. This comes in the form of dividends, more competitive rates,…
Consumer checking account balances in the past year have soared to record levels at credit unions even as balances in bank checking accounts have been falling, a new report reveals.…
If Watergate taught us anything it’s that the cover-up almost always ends up being worse than the crime. Apparently the wunderkind who run Google were apparently spending too much time…
Each year, Credit Union Magazine recognizes the credit union movement’s Rock Stars: Those unique, innovative people who excel in their areas of expertise—and by doing so make our movement better.…
NCUA came out with its Customer Due Diligence (CDD) and Beneficial Ownership Examination procedures not long ago; we blogged on this back in September. While reviewing the procedures, NAFCU identified…
As we’ve been traveling the country conducting strategic planning sessions and marketing audits, there’s one thing we’ve said until we’re blue in the face: credit union and bank marketing strategies…
Many a credit union foundation ensures its ongoing financial stability through donations, grants, and fundraising. Some foundations also lean on their own diversified investment strategies; others leverage their affiliated credit…
CUNA supports NCUA’s proposal to provide regulatory relief through amendments to regulations regarding loans and lines of credit to members. CUNA filed its comment letteron the proposal Tuesday. “CUNA supports…
NAFCU Regulatory Affairs Counsel Andrew Morris today will participate in an industry update at the Electronic Check Clearing House Organization's (ECCHO) business committee meeting. ECCHO represents depository institutions' interests on…
Forty years ago, there was little talk in business about engaging employees, coaching and developing direct reports or cultivating the company culture. People stayed at the same organization for most…
The League of Southeastern Credit Unions in Tallahassee and numerous credit unions said today they will close their branches and offices at noon or 1 p.m. Tuesday and will remain…
There are many reasons to seek a clearer understanding of your members’ experience. Here’s one that really counts: while 80 percent of CEOs surveyed by Bain & Company believed they…
As you work to build the next level of leadership in your organization, include activities that exercise their thinking as part of a cross-organizational team. The typical focus on individual…
Organizations continue to support innovation efforts with everything from innovation labs to hackathons. While such efforts are well received by investment analysts, and are great fodder for senior-level strategic planning…
Fort Knox Federal Credit Union ($1.5B, Radcliff, KY) had approximately $180.5 million in money market account balances as of the second quarter of 2018. The Bluegrass State credit union would…
The Treasury’s Financial Crimes Enforcement Network (FinCEN) joined federal financial regulators, including NCUA, last week to issue a joint statement on sharing Bank Secrecy Act (BSA) resources. The statement addresses…
House members remain in their home districts this week as the Senate continues work in Washington. NAFCU encourages credit unions to set up meetings with lawmakers while they are gearing…
Cybercrime now costs the world an estimated $600 billion, or 0.8 percent of global gross domestic product, according The Economic Impact of Cybercrimereport from the Center for Strategic and International…
In the early morning hours of Monday, Sept. 10, then head teller for the $188 million URW Community Federal Credit Union in Danville, Va., sent a text to his supervisor.…
It’s the CU 2.0 podcast! CU 2.0 is excited to bring you the fifth in a series of podcasts from Robert McGarvey.Welcome to theCU 2.0 Podcast, regular interviews with credit…