Creating a corporate culture that mirrors your mission and values is crucial to credit unions—and indeed, any employer—today. Employee resource groups are emerging as pivotal platforms for fostering diversity, inclusivity and employee engagement. [...]
Credit unions are excellent financial partners for members. In addition to being not-for-profit financial cooperatives, many credit unions offer competitive services and higher interest rates on savings accounts. Moreover, they pride themselves on knowing the [...]
The Treasury Department’s new initiatives to promote financial inclusion and responsible lending should benefit credit unions so long as the industry engages Treasury to express its views. According to the World Bank, “[f]inancial [...]
Scott Burt, CPA, is an accomplished leader with a remarkable track record as a board member and a CEO at organizations that are renowned for helping others. Burt’s dedication to the credit union movement [...]
There is a misconception that leadership skills only need to be developed in people who manage other people. A parallel myth is that being able to lead is an innate quality that only the lucky [...]
As the cybersecurity threat grows larger and more sophisticated, control of credit union strategies is passing out of the hands of local managers and moving to national and international regulatory and law enforcement agencies and [...]
Can the Consumer Financial Protection Bureau force credit unions and banks to grant financial technology companies access to their core banking systems without compensation? De facto public utilities providers The Fifth Amendment to the U.[...]
We've heard several financial institutions intend to delay deploying instant payments capabilities, such as FedNow and The Clearinghouse's RTP Network, until 2025 as part of broader cost-control initiatives. While instant payment adoption is in its [...]
The Josh Bersin company’s HR Predictions for 2023 report suggested that the last year would be one of transition for work, people in the workforce and human resources. And it was. We had some [...]
On New Year’s Day and for several weeks afterward, gyms are often full of people who have made a resolution to get fit. A few weeks into the year, the gym is much quieter. [...]
Supporting members is a core value of the credit union heritage. Importantly, that support doesn’t only manifest in fair and dignified financial services and products. It’s also found within the engagement credit unions [...]
The COVID-19 pandemic forced you to make significant changes instantly. This created new challenges for credit unions while worsening current challenges. Now, much of what we did to stay safe has become at least partially [...]
For some time, Cornerstone has been talking about the “smarter bank,” focusing on how our clients must use new skills, knowledge, technology and information to complete the long and tough transformation to the future delivery [...]
In our post-pandemic world, lots of people want to work from home. Credit union members who don’t have a traditional job that allows them the flexibility of remote or hybrid work may be particularly [...]
Shopping has changed in recent years as more and more of it has moved online. Now, for many consumers, especially younger ones, the way those purchases are paid for is changing too. One of those [...]
