Fed grants conditional approval to pot-focused CU serving
The Wall Street Journal is reporting that the Federal Reserve Bank of Kansas City has granted conditional approval to a Colorado credit union to serve marijuana businesses. To win the…
Syndicated
5 reasons why credit unions should want their core in the cloud
Cloud adoption has continued to increase across the financialsector. And why not? Over the last few years, the benefits of using cloud based technology for your credit union has indeed…
The final prepaid rule: Version 3.0
Since 1982, no less than seven different cuts of Ridley Scott's science fiction masterpiece Blade Runner have been shown to theater audiences. The initial workprint version didn't test well, so…
World Council provides FSB with CU relief suggestions
The World Council of Credit Unions generally supports the Financial Stability Board’s (FSB) proposal on ways to improve stability of too-big-to-fail banks, but urged the board to make several changes…
Berger reiterates CUs’ ADA concerns to Chairman Goodlatte
NAFCU President and CEO Dan Berger updated House Judiciary Committee Chairman Bob Goodlatte, R-Va., yesterday on the flood of meritless lawsuits facing credit unions filed under website accessibility requirements of…
Loan Zone: Canada’s new mortgage stress test rule
Effective Jan. 1, federally regulated financial institutions in Canada are now required to meet the new Mortgage Stress Test Rule handed down from the Office of the Superintendent of Financial…
Walmart’s payroll advance partnership pushes the right buttons
Walmart’s December announcement of a partnership with Silicon Valley fintechs Even and PayActiv pushes all the right buttons. It addresses the financial needs of its employee base, leverages advancements in…
Lawsuit accuses CU CEO who pioneered pot banking of drug use
Former CUSO employees are alleging that Partner Colorado Credit Union President/CEO Sundie Seefried, one of the industry’s pioneers in delivering financial services to marijuana businesses, used cocaine. They also claimed…
Three blunders of social media marketing
Hopefully your bank or credit union has a healthy social media marketing outreach. More and more consumers are connecting with brands (like your bank or credit union) via social media…
It’s past 2.75%; Do you know where your risk is?
The good news is I thought the ten-year Treasury was going to get to 2.75% sometime in 2018. The bad news is I didn’t think it would get there the…
Bringing in top talent: 4 best practices for hiring and retention
Top Talent: These two words are used frequently in organizations to define what hiring managers and recruiters look for in potential candidates. Finding these candidates isn’t hard, but finding the…
Are checking accounts financial services ‘film’?
In the past, photography relied on film and printed photographs. Today, it relies on electrons to capture and distribute images to our family members and friends. The tools we once…
Double-digit HSA growth tied to health plan coverage
Growth in health savings accounts (HSAs) continued at a rapid rate last year, with a 20 percent increase in the number of accounts and a 22 percent increase in assets…
CUNA engaged with regulatory relief on House floor
CUNA is engaged with House consideration of a regulatory relief bill, Congressional discussions for funding the federal government and hearings in both chambers of Congress this week. The House is…
Receiving ADA demand letters? Going to court? Let NAFCU know
NAFCU continues to work with member credit unions facing litigation over unclear website accessibility requirements under the Americans with Disabilities Act (ADA) and urges credit unions impacted by this issue…
HR Answers: Sexual harassment a c-suite priority
Two recent surveys about sexual harassment suggest it will be a top priority for company leaders in 2018, but human resources professionals do not expect the increased media attention around…
Curtail free checking? That’s a curious decision
In light of the continued and rightful focus on the paycheck-to-paycheck demographic, Bank of America’s January move to curtail its free checking offers becomes even more curious. To be fair,…
Federal judge throws out credit union suit challenging CFPB appointment
A federal judge has dismissed a lawsuit filed by a New York City credit union that challenged the appointment of Mick Mulvaney as acting director of the CFPB. U.S. District…
What makes a catch a catch in football plus some compliance stuff
Before I do what I get paid to do, I have to explain to you why I was screaming out Al Michaels and Cris Collinsworth last night as they were…
How will autonomous vehicles impact your credit union?
Few would claim that they could have predicted the impact a technology company (Uber) would have on credit union balance sheets. If you envisioned this future – well played! For…
Credit union members still value the human touch
The digitization of many financial services, including innovations like robo-advisors and chatbots, means members can complete transactions without ever seeing another person. However, despite the speed and convenience of digital…
Defusing social media bombs
Today, the consensus is that it is integral for you to have a strong online presence if you want to build a strong brand. With so much information being consumed…
Keeping a people-helping-people industry relevant in a digital world
It is undeniable that physical money is disappearing from our financial lives. A lifetime ago, standing in line to deposit a paycheck, stopping by the ATM for weekend cash or…
Compliance: CUNA offers 2017 rules and regs in review
CUNA compliance staff has compiled a new resource outlining the major compliance happenings throughout 2017. The list covers major finalized rules and amendments issued last year, and highlights other CUNA…