Earlier this year, the state of Washington’s House of Representatives unanimously adopted House Bill 1915 (HB 1915), a bill that would require high school students to complete a financial education course as a statewide [...]
Spring is almost here, and with it comes an uptick in commitments and activities for many families. Are your members financially prepared? Tax returns, youth sports, summer camp, mid-year holidays, home improvement goals—A lot [...]
It wasn’t exactly a given he would work in financial services. Behind an intense passion to serve the public good, Rodney Hood’s first career choice was the ministry, according to his school, the [...]
This last fall, the Department of the Treasury updated key standards and reforms to the Community Development Financial Institutions (CDFI) Fund dedicated to strengthening credit unions’ abilities to be a safe and secure financial oasis [...]
Of all the abnormal economic conditions we’re experiencing, the increase in consumer loan losses is what’s most perplexing in the eyes of Ent Credit Union’s Chief Revenue Office Bill Vogeney. In a [...]
The hectic nature of the holiday season is upon us, and that means a lot of things to a lot of consumers these days; mainly, figuring out how they are paying for it. Indicating consumers’ [...]
You probably heard about the recent winner of the Powerball jackpot lottery, right? The Powerball Lottery had ballooned to a record amount of $2.04 billion by November 2022. Three months later, 31-year-old Californian Edwin [...]
Despite the gradual economic recovery experienced in the United States following the pandemic in 2021, according to the Financial Health Pulse’s 2023 U.S. Trends Report released in September the financial health of Americans [...]
When the financial services industry speaks on the year-in, year-out tragedy that is living paycheck-to-paycheck, our minds naturally gravitate to the lower-income individuals in the United States, typically those earning $50,000 or less. And [...]
So much of the American economy right now seems to come down to perspective. The land of the free has had the strongest economic recovery when measured by GDP in 2023, particularly among all G7 [...]
The seasons may change, but the grift stays the same for predatory payday lending. Whether it’s that small-time payday loan outfit in the asphalt strip mall down the street or an international holdings conglomerate, [...]
The year 2022 reemphasized the reason small-dollar lending has consistently delivered on member need over and over since the beginning of the credit union movement over 110 years ago. The effect affordable mainstream credit had [...]
One of the great challenges of technological innovation today is the understanding that for any product to find success, one cannot simply innovate for the sake of innovating. Finding true, sustained, long-term success is knowing [...]
Spread out across the United States, credit unions dedicated to the cooperative movement continue to offer the important products and services necessary to help their valued member-owners improve their financial lives. What separates others, however, [...]
While credit scores may have a central role in deciding who qualifies for a given financial product at specific terms, let’s face it: The current credit system works against a disproportionate population of lower-income [...]
