Running a credit union isn’t easy—it’s a constant balancing act amidst fierce competition and fluctuating economic factors, such as interest rates, inflation, unemployment, currency movements, wage growth, automobile sales and the health [...]
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 [...]
“The possession of skills, knowledge, and behaviors that allow an individual to make informed decisions regarding money.” According to the popular reference website Wikipedia, this is the definition of financial literacy. Seems fairly simple and [...]
At the Thursday, February 15 meeting of the NCUA board, the directors opted to maintain the Normal Operating Level (NOL) at 1.33%. During a presentation by NCUA CFO Eugene Scheid, the National Credit Union [...]
Is artificial intelligence coming for your banking job? That depends, experts say. The more senior you are, the less likely your role will see an impact from AI. Generative AI technologies are much more likely [...]
The National Credit Union Administration’s inability to oversee credit union third-party vendors leaves billions of dollars at risk, agency Inspector General James Hagen said last week. “Without this authority, the NCUA cannot accurately assess [...]
Capital One is acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market. Under the terms of the deal announced late [...]
In a landscape where the credit union industry seems to be shrinking, a curious paradox arises – an influx of aspiring individuals eager to establish their credit unions. But what fuels this drive? On this episode, [...]
The Conference Board's Leading Economic Index no longer signals a coming recession for the U.S. economy for the first time since the summer of 2022 even as the index declined in January for the [...]
Oh, the frustration! An increased budget. An innovative strategy. Hopeful execution. And then… nothing. Sometimes, it results in denial, and other times, it results in doubling down on the failing strategy, hoping a little more [...]
This week, while both the House and Senate are back in their states and districts for the Presidents Day recess, America’s Credit Unions continues to push for credit union priorities with regulators and key [...]
Thank you for tuning in to episode 179 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by Humanidei. Humanidei helps credit unions build [...]
$25 million is wired out by a bank employee who thinks he is receiving instructions from his CFO on a video call. It turns out he was duped by Generative AI’s (GenAI) Deepfake technology. [...]
Relax. This isn’t another article on how close science fiction books and movies got things right 30 or 40 years ago. Although many things have changed for the better or worse (as predicted), we [...]
The attacks on legitimate financial services that many Americans rely on to make ends meet aren’t going away. As policymakers consider misguided proposals and rules under the guise of consumer protection, we need you [...]
