On March 26, 2020, the five primary federal financial regulators issued a joint statement encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small ...
Is your credit union offering only static, one-size-fits-all overdraft limits? Giving every member the same overdraft limit means you’re working with an UNMANAGED program and limiting your ability to ...
It’s not enough to know employees are doing their jobs. Follow that up by documenting how they’re doing their jobs and how they’re following policies and procedures. “...
If your credit union is using only traditional underwriting methods, chances are that you’re limiting your lending potential. The use of alternative data in underwriting opens credit avenues for ...
We know credit unions are the best option for consumers. So do you. The important thing, though, is to tell the story over and over again. To Congress, to regulators ...
On July 24, 2019 the NCUA finalized a rule amending its regulations regarding fidelity bonds (Parts 704 for corporate credit unions and 713 for natural person credit unions). These rule ...
Another year is coming to a close, and now is the ideal time for lenders to look forward to 2020 and the opportunities the new year may bring. To help ...
With the holidays coming up I’m looking forward to spending time with family and friends to soak in the last days of 2019 and ring in the new year. ...
