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 [...]
As financial institutions look to update their digital strategy, it’s important to remember that outsourcing an entire digital channel or process to a fintech isn’t always necessary. Some financial institutions have partnered with [...]
Diversity, equity, and inclusion in the workforce are a practice. You can have a very diverse workforce, but if members of your diverse team don’t understand or care for one another, you do not [...]
Indexed universal life policies have multiple applications in credit unions and other businesses. These types of products are often used in key employee retention strategies and as corporate investment vehicles. While IUL sales growth has [...]
If you’ve worked at the same credit union for years, you’ve likely grown accustomed to how things are run. Learning that there will be a change of leadership may then instill feelings of [...]
I’m probably not supposed to have favorite issues of CU Management, but this month is definitely in my top 10. Not only do I love the beautiful cover, but the content within these pages [...]
To protect our collective health over the last 18 months, many organizations did more business online. Credit unions accelerated their digital transformation efforts—and people of all ages did their banking remotely for the first [...]
Credit unions searching for candidates to fill C-suite positions typically think in terms of two possibilities: internal candidates and external candidates. But there is a third possibility for finding qualified candidates: members of their own [...]
The pandemic created the largest amount of excess liquidity in history. The credit union industry has never been more flush with excess cash. Loan demand remains weak. And margins are now at all-time lows. Amid [...]
