It’s no secret that the economy has seen better days. Inflation has cooled off slightly, but it is still at record highs as salaries continue lagging behind. Interest rates on large loans are also [...]
America’s Credit Unions released this statement following President Joe Biden’s decision to withdraw from seeking reelection. “America’s Credit Unions is committed to our advocacy efforts on behalf of credit unions and the [...]
Thank you for tuning in to episode 190 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by Velera, formerly PSCU/Co-op Solutions, the [...]
In the eyes of your account holders, access to short-term liquidity may be one of the most essential services you provide. In fact, nearly 70% of surveyed consumers prefer to have overdraft protection as a [...]
Last month I had the opportunity to work with three credit unions, in three sessions, over three days in North Dakota. It’s a new model that FarWell created to bring strategic planning to credit [...]
I hope to see many of you in Boston for what’s sure to be an incredible event, the 2024 World Credit Union Council Conference. It kicks off Sunday, and I’m excited to celebrate [...]
While facilitating a leadership session focused on personal and professional success habits a few months ago, I shared that one of the most important elements of success in life is to take action. Having a [...]
As new De Novo credit unions launch this year, there have been discoveries that any CEO looking to launch a new credit union will need to keep in mind as they begin this process. This [...]
Middleware is an adaptive software layer that financial institutions can apply to their core; other applications and technology connect and send data and messages through it using application programming interfaces, or APIs, instead of directly [...]
Attracting new members is super important for credit unions. To get people interested, you need to have a strong online presence and show up high in search engine results. Backlinks are a big part of [...]
Real-time payments are a critical part of payments modernization. Request for Pay (RfP) is a financial messaging scheme built on the rails of real-time payments that enables billers to initiate real-time payments from bill payees [...]
The NCUA Board approved a federal credit union interest rate ceiling of 18% effective Sept. 11, 2024 to March 10, 2026, at its meeting Thursday. The board is required to revisit any interest rate exceeding [...]
Credit unions, like people, have varying strengths in different kinds of intelligences. Traditionally, the credit union creed of people helping people gave the industry strong roots in Emotional Intelligence (EI). With modern applications of Artificial [...]
An excerpt from More Passion for Lending written by A. Rex Johnson: Lending is an art. Never forget that. Lending is not engineering. It is not learned by mastering formulas. It is not well [...]
A quick review of any trade publication or online news portal will show multiple articles regarding leveraging the benefits of AI —Artificial Intelligence. While I’ll admit all those college papers I wrote would have [...]
