Welcome to the CUInsight Minute, sixty seconds from our Publisher & CEO Lauren Culp with our favorite reads from the week.
What does a split government mean for CUs?
by GREG MESACK, NAFCU
Last week, Americans flocked to the polls to vote in the midterm elections. Proving a lot closer than many pundits predicted, the results weren’t immediately known, but over the last few days we’ve learned who Americans chose to lead at least one chamber of Congress. The Senate will remain in control by the Democrats and, as of today, it appears Republicans will garner enough seats to narrowly take control of the U.S. House of Representatives. (read more)
New Congress brings new credit union opportunities
by JIM NUSSLE, CUNA
Credit unions had a very successful 2022 election night in the sense that the 118th Congress will once again feature a credit union-friendly majority. Regardless of who ends up controlling each chamber, credit unions worked for two years to elect this credit union-friendly majority because it’s what our members and communities need. (read more)
Merchant fraud threats grow: Is your KYC program keeping up?
by ALAK DAS, NICE ACTIMIZE
Due to the unprecedented momentum of digital transformation, many credit unions are expanding their digital ecosystem to provide payments processing services to their merchant accounts. By functioning like a payment aggregator (PA), credit unions are empowering smaller businesses across every industry to digitally transform their potential via increased financial inclusion and streamlined access to financial services. (read more)
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