The National Credit Union Administration board has recently proposed the complex credit union leverage ratio as a simplified compliance alternative to the agency’s risk-based capital rule. If finalized, CCULR will give federally insured credit [...]
There’s a formula to improving revenue margins—a flywheel of actions that are proven to sharpen results. This formula involves having clean, actionable data that empowers employees with the knowledge to deliver a better [...]
Industry shifts are cyclical, and while these shifts do happen regularly, the fintech wave is something we haven’t seen before. What we saw with Check 21, we’re now seeing with the faster payments [...]
I spent the better part of my career working in the nonprofit sector. I like to say that I’ve had every job from executive assistant to executive director. And I loved every minute. When [...]
Kinecta Federal Credit Union’s mission to guide and support its members and communities—not only financially, but in all aspects of life—is what drives the work of its year-old Diversity Council. Formation of [...]
I’ve been thinking about how fear and scarcity are deeply influential on our society. They’re everywhere: politics, business, the way we live our lives and how we make decisions around family or work. [...]
The shift to remote banking caused by the COVID-19 pandemic will never be reversed. As a result, credit unions have a unique opportunity to build and retain market share in this new environment. Enter conversational [...]
For many credit unions, 2021 has been a tough year for loan growth. First, the pressure to make loans has never been higher. As a lender, I’ve lived through three or four recessions (I [...]
Vendor and partner relationships are essential to credit unions. Taking a strategic approach to these important relationships can better position the organization for future moves, boost performance, save resources and maybe even lessen the total [...]
Over the past year, uncertainty tied to the economy and the COVID-19 pandemic has led many businesses to embrace a “wait and see” approach, pushing back decisions about major investments and setting arbitrary deadlines to [...]
Low mortgage interest rates have had a huge impact on credit unions as well as the rest of the financial services sector. The low rates have fueled a refinance boom that continues to this day. [...]
About 10 days ago, I dropped my oldest daughter Olivia off for three weeks of sleep-away camp. I’m sure this will be a wonderful experience for her, but the week leading up to camp, [...]
Recently on CUESNet, a CUES member asked: Is anyone currently offering citizenship loans to members who are in the process of becoming naturalized U.S. citizens and need financial assistance with the approximately $1,000 [...]
In the early 1980s, James Dyson was frustrated with vacuum cleaners. They were clunky, thoughtlessly designed, antagonistic to the user and often didn’t work properly. They made the hassle of wrestling a cleaning product [...]
Having young credit union professionals serve as board members at another, non-competing credit union is a huge win-win-win. The first win is that young professionals learn key skills from board service that they can’t [...]
