The NCUA recently updated its corporate system resolution costs which now show a net projected loss to federally-insured credit unions (FICUs) of $1.7 billion. NAFCU Chief Economist and Vice President…
Leah Michaels was offering a helping hand in the community after a flood inundated the Hawaiian island of Kauai in April. The chief communication officer at Kauai Government Employees Federal…
Credit union CEOs say provisions of the new regulatory relief bill related to mortgages and business lending aren’t the only areas where their operations will be affected; they see changes…
Credit unions gave the CFPB a resounding “no confidence” vote in a survey released by CUNA on Tuesday. About two-thirds of the 272 credit union officials responding to the CUNA…
As members begin to expect big-tech experiences from every organization they interact with, the only way to stay on top is to have a keen understanding of exactly what it…
King Hammurabi (you know, the guy of “an eye for an eye and a tooth for a tooth” fame) gets a pretty bad rap in the history books. Though harsh…
Credit union league presidents in Utah and the Dakotas thanked members of Congress for their efforts in passing S. 2155--the Economic Growth, Regulatory Relief and Consumer Protection Act. In an…
NAFCU Vice President of Legislative Affairs Brad Thaler is calling on credit unions to contact their representatives and senators this week and urge them to support even more regulatory relief…
THINK 18 shed a light on many challenges and emerging trends credit unions need to consider in the digital age. From the rise of AI to open banking and changing…
Some credit unions are struggling to navigate a world in which the best financial technology often can come from alien fintechs. A few, like Coastal Federal Credit Union in Raleigh,…
Brian Heim, founder of IRR-analytics, broke down the fundamentals of risk management during a breakout session at the 2018 CUNA CFO Council Conference in Austin, Texas, on Monday. Those fundamentals…
An insurance company is asking a federal court judge to rescind an insurance bond policy to nullify a $1.2 million claim made by the $55 million Greater Eastern Credit Union…
Influencer marketing is quickly gaining traction amongst all industries. Everyone from fashion to travel agencies to mattress companies are using social media platforms more than ever before. In fact, the…
Last week ushered in a big legislative win for credit unions on Capitol Hill. Following a major industry push to reverse restrictions that Dodd-Frank legislation placed on credit unions after…
As the pace of change and innovation advances faster than ever, taking big ideas from concept to delivery is still fraught with friction in financial services. For entrepreneurial startups, managing…
Up until about a year ago, I had never heard of imposter syndrome. When I did discover its meaning, I was so relieved. You see, imposter syndrome is the feeling…
Depository checking accounts are falling, yet balances rising, as the new kids on the block, fintech firms like Walmart, pick up what is being let go.Moebs Services, a financial service…
Support and information on state and federal regulations is available in one central hub with the launch of CUNA and league compliance communities. The new communities, an extension of CUNA’s…
The House and Senate are not in session this week, giving credit unions an opportune time to connect with legislators while they're back in their home districts and states. After…
The financial crisis or “Great Recession” of 2007–2008 led to such reforms as the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, which was designed to ensure future financial…
As senior vice president and regulatory and compliance counsel at the Cornerstone Credit Union League, Suzanne Yashewski reviews thousands of legislative bills each legislative season. The league represents credit unions…
Credit unions will make more MBL loans thanks to the passage of S 2155, and will face less paperwork when writing loans for non-owner-occupied dwellings with up to four units.…
As Credit Unions and Community Banks move their marketing and member service further into the 21st Century, one of the keys will be competing with online lenders. We work with…
I sent a special edition of the Nussle Report yesterday after President Trump signed S. 2155. I hope you read it, because I meant everything I said. This historic victory…