NAFCU updates S. 2155 summary guide for CUs
In an effort to keep credit unions updated on the relief provisions housed in the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), NAFCU recently revised its summary…
Syndicated
Feds accuse former CU mailroom employee of $5.4 million embezzlement
Federal prosecutors allege a former mailroom employee of the Jacksonville, Fla.-based Vystar Credit Union embezzled $5.4 million over 15 years. Duane Allen Sikes is scheduled to be arraigned on 10…
Plan ahead: 5 tips to prep for a natural disaster
September is National Preparedness Month and the perfect time for credit unions to reflect on ways to prepare for when natural disasters strike. 2017 was a record year for natural…
Financial services entering new era of customer engagement
In research from the Digital Banking Report, it was found that banks and credit unions are increasingly adopting a more personalized approach to connecting with consumers across all media channels.…
Data analytics’ real-world application for credit unions
In a recent survey of 700 credit union leaders, 73% of them viewed data analytics as a game-changing opportunity. However, only 26% of the respondents had a data and analytics…
Connect with Hispanic members and staff during National Hispanic Heritage Month
National Hispanic Heritage Month (HHM), a celebration of Hispanic and Latino culture, heritage and contributions, begins September 15 and continues through October 15 each year. The celebration starts on September…
Compliance: Data points covered by S. 2155 HMDA exemption
The Bureau of Consumer Financial Protection issued a final rule at the end of August clarifying what changes in the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155)…
This week: More than 300 CU advocates take Capitol Hill with NAFCU
NAFCU's award-winning advocacy will be front and center in Washington this week as more than 300 credit union leaders and advocates fly-in for the association's Congressional Caucus. In addition to…
Con man admits to running Ponzi & $5 million monthly check kiting schemes
A South Carolina man who ran a Ponzi scheme and a $5 million a month check kiting fraud that victimized a credit union and banks will be sentenced in December.…
Is Zelle on track to dominate the P2P market?
P2P payments are no longer an everyday essential reserved just for millennials. There has been immense growth in the P2P marketplace in terms of the volume transferred, as well as…
Escrow Balances: Handling surpluses and deficiencies
Each year, RESPA requires mortgage servicers to conduct an escrow account analysis to determine whether a surplus or deficiency exists. If one exists, the rule provides requirements for how the…
Taking a stand: The power of courageous leadership
There are times that require bold, courageous leadership. It is in these times when you need to stop saying "enough" and act on it – even if you don't have…
Arguments in appellate-level ADA case against CU start Oct. 30
The Fourth Circuit of Appeals will hear arguments Oct. 30 in an appeal by Department of Labor (DOL) FCU in a frivolous lawsuit alleging website noncompliance with the Americans with…
CUs see secondary mortgage market protections in new housing plan
A new housing finance reform discussion draft – unveiled Thursday by House Financial Services Committee Chairman Jeb Hensarling, R-Texas, and Rep. John Delaney, D-Md. – would preserve a NAFCU-sought government…
PR Insight: Pitching articles to the media
One of the most effective ways to draw attention to your credit union is to actively engage with the media in order to generate positive news stories. Most people quoted…
PODCAST: 360-degree advocacy
CUNA’s grassroots advocacy strategy uses multiple voices to influence policy important to the credit union movement. That includes credit union members and employees, including young professionals, says Adam Engelman, CUNA’s…
Former MCU board members sue New York regulator
Former volunteers of the $2.9 billion Municipal Credit Union in New York are suing the state regulator to get their board seats back. After former MCU President/CEO Kam Wong was…
How I learned to stop worrying and love the Co-Op
I graduated from college during the Great Recession. The financial meltdown gifted me and my friends with no job prospects, significant student loan debt, and four years of constant worry.…
Aligning leadership development to your CU’s organizing principle
Endorsement by a credit union’s board and leadership teams of a thoroughly vetted organizing principlefacilitates a higher level of strategic execution across the organization. An organizing principle speaks to the…
3 common myths that could be wrecking your mobile banking program
Consumers grow more open to managing their money from a mobile device, but financial marketers and their organizations need to advance carefully. This evolution presents an opportunity to reach customers…
Three ways to grow your leadership skills
A new white paper authored by DDJ Myers’ Senior Vice President Peter Myers, MCC, shares research on mid-level leadership practices from six years of cohorts in the Emerging Leaders Program.…
Senate Banking Committee sets hearing on S. 2155 implementation
NCUA Chairman J. Mark McWatters will be among federal financial regulators testifying before the Senate Banking Committee Sept. 13 on implementation of the Economic Growth, Regulatory Relief and Consumer Protection…
NAFCU says banks still ‘too big to fail,’ calls for modern Glass-Steagall
NAFCU, in a new white paper released Wednesday, is calling for members of Congress to discuss creating a modernized Glass-Steagall Act in order to protect consumers from banks that are…
Loan Zone: Making the borrower’s experience world-class
There are a number of pain points in the lending process at many financial institutions today, leaving members aggravated as their experience getting a loan falls far short of the…