Learn which credit unions added the most select employee groups (SEGs) and potential new members across the past year. Our recent article, which analyzed Credit Unions' 2021 SEG Additions, provided insights into the types of [...]
What is a SEG? Select Employee Groups, or SEGs, are groups that share any common bond of association or occupation. Common types of SEGs include: employees of a company, contractors who commonly work for the [...]
CDFI Certification and How It Applies to Credit Unions A CDFI Certification is a designation conferred by the Community Development Financial Institution (CDFI) Fund of the Department of the Treasury, specifically recognizing a financial institution [...]
The National Credit Union Administration (NCUA) revealed this week it will discontinue the streamlined Community Development Fund Institution (CDFI) application process that made up part of its NCUA-CDFI Certification Initiative. Any credit union seeking to [...]
How well is my credit union doing? How does it compare with other credit unions? What are my credit union’s key weaknesses and how could we improve? To answer these key questions, credit union [...]
On November 18 of last year, the Board of the National Credit Union Administration (NCUA) issued a final rule to amend the definition of a “service facility” relating to federal multiple common bond credit unions [...]
Thank you for tuning in to episode 25 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
This post is meant to serve as a primer to better understand the differences between Underserved Areas, LIDs and CDFI Certification. While superficially similar, they each play a role in providing different benefits to your [...]
Introduction to CDFI Community Development Financial Institution (CDFI) Certification is a designation given by the CDFI Fund to special organizations that provide financial services to low-income communities and to people who lack access to financing. [...]
Both CDFI and CDE certification can help grow your credit union's Field of Membership. Learn about how the two designations differ as well as how to qualify. Benefits of CDFI/CDE Certification Certification as a [...]
Credit unions provide their members and communities with broad economic benefits. How large have these benefits been over time? To begin to answer that question, CUCollaborate compared (1) the interest rates shown in the National [...]
What is an MDI? Credit Unions that self-certify to the NCUA as Minority Depository Institutions are federally insured credit unions in which a majority of their current members, board of directors, and the community they [...]
Introduction to Credit Union Grants Grants can be an impactful source of funds for credit unions. Since 2013, the NCUA has been publishing information on grants received by credit unions in its quarterly Call Report [...]
Data visualization is a powerful analytical tool leading to meaningful insights but depending upon the data your credit union is using, visualization can be challenging. Credit union data, like other types of financial data, is [...]
In the 21st century, it’s no longer sufficient to be known simply as a financial institution. Credit unions and other financial institutions must actively demonstrate how they give back to their local communities and [...]
