In the dynamic world of digital banking, financial tools serve as a backbone, revolutionizing the way individuals and businesses manage their finances. Digitalization has ushered in multiple tools that make…
In many ways, life is imitating art, as artificial intelligence’s (AI) real-world applications are proving to be even more transformative than our wildest fantasies. And while we haven’t colonized Mars…
U.S. manufacturing contracted for a third straight month in June and a measure of prices paid by factories for inputs dropped to a six-month low amid weak demand for goods,…
The U.S. Supreme Court Friday overturned the “Chevron doctrine” that has guided courts’ review of challenges to federal agency actions for decades. Chevron—which stems from a 1984 Supreme Court decision—gave…
The customer experiences major banks offer on websites and mobile banking apps are converging, not only in look, feel and function, but also via omnichannel approaches to customer support and…
America’s biggest banks are well positioned to survive a severe recession while continuing to lend to households and businesses, the Federal Reserve said Wednesday in its annual bank resilience test,…
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing the…
When you know where you’re going, it becomes easier to navigate the unknown. Right now, many credit unions are facing challenges that linger from last year. Pressures from inflation, interest…
The role of credit unions and their impact extends far beyond balance sheets and transactions. They have the power to transform lives, yet they navigate twists, turns, and unexpected detours…
Credit unions consistently serve a higher share of households living from paycheck to paycheck than banks, America’s Credit Unions Head of Emerging Issues and Deputy Chief Economist Curt Long explains…
College students are so concerned about affording their education that they’re considering dropping out in droves. About 60% of current students said they have considered calling it quits on their…
Money doesn’t buy happiness, so why do we treat it like it does? We’ve all done it. We buy something we think will make us happy. Sometimes it brings us…
It’s getting more expensive every year to insure a vehicle, with the recent average premium tipping towards$1,800/year. High monthly loan payments, plus auto insurance premiums, place financial strain on borrowers,…
How often have you said, “I’m in too many meetings,” or thought, “This meeting could have been an email”? What causes people to feel like this? Of course, a variety…
It’s been smooth sailing for stocks in 2024. The S&P 500 has gained nearly 15% and has been on a steady upward trend for the past two months. Treasuries have…
Nutmeg State Financial Credit Union in Rocky Hill and First Bristol Federal Credit Union in Hartford said this week that First Bristol members approved the merger of the two institutions.…
Few issues raise the ire of community bankers as much as credit unions buying banks. And with the halfway mark of the year right around the corner, 2024 is on…
First-time applications for U.S. unemployment benefits drifted lower last week, which could allay fears of a material shift in the labor market. Initial claims for state unemployment benefits dropped 6,000…
Credit union-supported candidates saw success in Tuesday’s elections in Colorado, New York, Utah, and South Carolina. America’s Credit Unions PAC and state Leagues supported 34 candidates, with one loss and…
If you’re working toward a savings goal, you have many options for where to put your cash. Savings accounts, certificates of deposit (CDs), money market accounts, cash management accounts and…
I had the immense pleasure of sitting down withBill Partinfor this episode. Although briefly retired, Bill is the CEO ofSharonview Federal Credit Union, and his journey from a brief retirement…
The banking industry is complex, dynamic, and competitive. For credit unions to thrive, they need a skilled and engaged workforce. They need employees who feel invested in the success of…
The American Dream of white picket fences surrounding perfectly manicured lawns and well-kept 2-bed, 2.5-bath houses may be a bit of a generalization, but there’s no denying that the common…