Anew episode of the Global Credit Union Podcastfrom the World Council of Credit Unions (WOCCU) features an in-depth preview of the highly anticipated 2024World Credit Union Conference. America’s Credit Unions…
If you have ever speculated about what is lost in a merger of credit unions, leagues, or trade associations, the following example may be a helpful reminder of why choice…
Credit rejection rates were higher in June than earlier in 2024 but slightly lower than a year ago, new data from the Federal Reserve Bank of New York said on…
Interest rates on federal student loans recently jumped by one percentage point. Undergraduate loans now carry a rate of 6.53% for the 2024-2025 school year, up from 5.50% last school…
Federal Reserve ChairJerome Powell said Monday that policymakers will not wait until inflation falls to 2% in order to cut interest rates. "The implication of that is that if you…
In three months, nearly $950 billion in bank CDs will come to term. And that’s the first and smaller wave of a coming maturity tsunami for time investments. Some $2.5…
Financial institutions always work to enhance their collections strategies, an essential tool for maintaining healthy cash flow and minimizing risk.Many institutions must make a critical decision about employing digital methods…
Financial hardship can strike anyone, often without warning. Unexpected expenses can disrupt even the most carefully planned budgets, leaving individuals grappling with the tough challenge of meeting urgent financial obligations.…
This week, Congress is back in their districts, providing credit union advocates with an opportunity to connect with lawmakers one-on-one on industry priorities. Of note, America’s Credit Unions will monitor…
As July, August, and September roll around - the most common birthday months in the United States - many find themselves pondering the age-old question: What’s the perfect gift? While…
Inflation hasthrottled backsignificantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers. Deflation measures how quickly prices are falling for a consumer good…
Navigating the world of home loans and lines of credit can feel overwhelming, especially when you're just starting out. That's why understanding key terms related toHome Equity Lines of Credit…
Credit unions are an excellent choice for those seeking a personalized banking experience, strong local support, and more favorable rates and lower fees. While the benefits of being a credit…
Whether you view Goldilocks (of fairy tale fame) as a juvenile delinquent guilty of breaking and entering, or a precocious bon vivant, there’s something to be said for getting it…
Account opening solutions have undoubtably emerged as one of the most essential initiatives a financial institution should invest in. In fact, account opening has been a very hot topic in…
America’s Credit Unions will host its first Annual General Meeting July 22 in conjunction with the World Credit Union Conference in Boston. It will take place in Room 160 of…
The National Credit Union Administration is considering issuing a proposed rule that would require federal credit unions to provide information on executive compensation to their members. The rule would require…
All banks should by now have discovered — some the hard way — that customer experience matters. What many financial institutions might not yet recognize is that customer messaging, a…
Dictionary.com defines critical thinking asdisciplined thinking that is clear, rational, open-minded, and informed by evidence. It is foundational for good decision-making. What organization couldn’t use plenty of critical thinkers? But…
Instant payments may soon become a game-changer in the competitive landscape for banks and credit unions. As more financial institutions (FIs) offer this convenience, marketing instant payments will require compelling…
As AI has wriggled its way into more nooks and crannies of our everyday lives, we’ve been hearing quite a bit of chatter about technology versus humanity. We’re not here…
The latest sign that inflation is cooling makes it more likely the Federal Reserve will be able to gain enough confidence to cut interest rates this fall. The odds of…
NCUA kicked off its third annual Diversity, Equity, and Inclusion (DEI) Summit Wednesday in Minneapolis. America’s Credit Unions Vice President of DEI Samira Salem presented Wednesday afternoon on the state…
A board chair’s effectiveness can dramatically impact an organization’s trajectory. A strong chair facilitates an environment for a CEO to maximize their potential, propelling a credit union toward achieving strategic…