News Archives

Embrace the “Red”

Embrace the “Red”

“We need you to push our limits this year,” said a credit union CEO as we built an agenda for a few days of strategic thinking, dialogue, and planning with senior executives and the Board [...]

Lending, assets, insured shares, delinquencies rise in 3Q

Lending, assets, insured shares, delinquencies rise in 3Q

Total loans outstanding in federally insured credit unions increased $132 billion, or 9.1%, over the year ending in the third quarter of 2023, to $1.59 trillion, according to the latest financial performance data [...]

Treasury announces updates to CDFI certification application

Treasury announces updates to CDFI certification application

The Treasury Department Thursday released a revised CDFI certification application after delays that have set back financial institutions.  The CDFI Fund initiated a certification blackout period Oct. 1, 2022, as it proposed changes to the [...]

Five steps to creating a digital culture

Five steps to creating a digital culture

When asked “In the past year, which method did you use most often to manage your bank account(s)?” consumers responded as follows: Mobile (apps on smartphone or tablet) - 45% Internet/Online (Laptop or [...]

Generative AI has arrived!

Generative AI has arrived!

Generative AI is a hot phrase today. A branch of Artificial Intelligence (AI), it can learn from and mimic large amounts of data to create everything from music to art. The media touts the excitable [...]

PODCAST: Changes in store for FHLB system?

PODCAST: Changes in store for FHLB system?

The Federal Housing Finance Agency (FHFA) released a report outlining roughly 50 recommendations for the Federal Home Loan Bank (FHLB) System. One recommendation that’s particularly relevant concerns the types of collateral credit unions can [...]

NAFCU’s Berger, Mesack, Thaler named top lobbyists by The Hill

NAFCU’s Berger, Mesack, Thaler named top lobbyists by The Hill

NAFCU President and CEO Dan Berger, Senior Vice President of Government Affairs Greg Mesack, and Vice President of Legislative Affairs Brad Thaler were recognized as top 2023 association lobbyists by The Hill, a daily newspaper [...]