Compliance Corner: CECL – what is it and why does it matter?
Accounting for loan losses is at the heart of credit union accounting. Setting aside reserves for loan losses is an important accounting component, but an increase in allowances reduces a…
Syndicated
3 Lessons from CUNA GAC to enhance the member experience
We had the pleasure of attending and exhibiting at CUNA GAC 2018. It’s the annual conference where the credit union industry comes together to advocate for issues that matter, such…
S. 2155 proceeds to debate in Senate as CUNA continues call to action
The Senate voted Wednesday evening to proceed to begin formal debate on the bipartisan, CUNA-supported Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). “We're pleased to see S.…
Tomorrow last day to submit Annual Awards entries
Tomorrow is the last day for NAFCU member credit unions to submit entries for the association’s 2018 Annual Awards Competition. The awards recognize association member credit unions, professionals and volunteers…
CFO Focus: Has the inflation genie escaped?
2018 has shown itself to be the year that the warm comfort of extraordinary monetary stimulus has begun to be removed by the world’s main central banks. The $18 trillion…
Training next-generation credit union advocates
Aslongtime credit union leaders retire, a new generation of leaders must take the advocacy mantle in the decades to come. With this reality in mind, CUNA, in conjunction with the…
Many consumer groups speak out strongly against ‘Bank Lobbyist Act’
While credit unions are hailing regulatory relief provisions in S 2155,theEconomicGrowth, Regulatory Relief and Consumer Protection Act,numerous consumer groups and others are blasting it as a gift to Wall Street…
Navigating the Regulation Z Maze: Notice requirements for terminating discounted rates on credit cards
Last month, I blogged on the timeframes for running promotions on your credit cards. A question then came up regarding whether credit unions have to provide notice when the promotional…
Small business is a big opportunity in banking
In today’s highly competitive banking world, smaller financial institutions are sharply focused on shareholders’ expectations for growth in earnings and return on equity. How can smaller organizations support earnings and…
The plus side of rising car insurance rates
It’s no secret that auto insurance costs are on the rise. According to consumerreports.com, most consumers saw a cost increase of about 8 percent in 2017. There are many reasons…
2018 Wegner Awards Dinner wrap-up
Another Wegner Dinner is in the books! We celebrated the 30th anniversary of the Foundation Dinner Presenting the Herb Wegner Memorial Awards on Monday, February 26th in Washington, DC. We…
What would Mr. Rogers say?
The GAC last week provided many memorable moments. There were meetings and conversations about how to keep the credit union movement growing and thriving coupled with speeches from President George…
CUNA continues aggressive grassroots support for S. 2155
CUNA continuesits advertising campaign to thank lawmakers and urge support for the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) as the Senate begins its consideration of…
NAFCU, CUs urge support for reg relief bill ahead of Senate vote
The Senate took an important procedural vote yesterday that sets the stage for the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) to pass the Senate, possibly…
Loan Zone: Using alternative data to expand member business lending
Within a traditional credit file, lenders consider the “five Cs of credit” to determine whether a small business is worth the risk for a loan. These include credit history, capacity…
NCUA exams again focus on cybersecurity
NCUA laid out its 2018 supervisory priorities in its annual Letter to Credit Unions No. 17-CU-09 to kick off the year. Not surprisingly, cybersecurity, Bank Secrecy Act (BSA) compliance, and…
Federal judge sentences former CEO to five years
Nita Rae Nirschl, former president/CEO Parsons Pittsburg Credit Union, will spend the next five years in a federal prison for stealing more than $6 million from the merged $13.3 million…
Sex, SARs, and politicians
AI knew that would get your attention. I’ll be talking about that soon enough but first, here are some things of more immediate concern. Senate Begins To Debate Regulatory Reform…
The millennial attention gap
I love the Millennial generation. They are my fave by far. I love their insights and ability to change quickly, and they can also learn from generations before them. I…
Will Amazon offer the best checking account ever?
According to various sources, Amazon is considering partnering with various banks in an effort to offer a “checking-account-like” product for consumers. It has been reported by The Wall Street Journal…
An unscoreable consumer could become your next great member
Somewhere between 50 and 80 million U.S. consumers have little or no credit history. That’s somewhere in the range of 15 to 25 percent of the U.S. population. What this…
Women in leadership
Last June, a team of CUESers from the editorial, marketing and sales staff got together to plan a new, all-digital publication about and for credit union women leaders. After speaking…
Nussle renews push for S. 2155 support as vote nears
CUNA President/CEO Jim Nussle reiterated his call for credit union action to support the Senate’s bipartisan regulatory relief bill, S. 2155, Monday as the Senate prepares to move forward this…
Another CU victory as ADA lawsuit dismissed
In another victory for credit unions facing litigation over unclear website requirements under the Americans with Disabilities Act (ADA), a federal district court in Virginia found that the plaintiff to…