‘Find your why’
I accidentally fell into the credit union movement. I started my financial career as a teller for a commercial bank right out of high school. When my position as assistant manager was eliminated due to [...]
America’s Credit Unions News Archives
CU digitization working group releases statement of purpose
The U.S. Credit Union System Digitization Working Group, led by CUNA Executive Vice President and Chief Engagement Officer Greg Michlig, released a purpose statement Thursday. The group includes 41 credit union system leaders from [...]
Tax reporting proposal needs further cost-benefit study
CUNA joined several organizations Wednesday to encourage Congress to carefully assess the costs and benefits of imposing a new level of data collection to the tax reporting structure. President Joe Biden’s FY22 budget proposal [...]
‘Ask and listen’
I am a reformed banker and was doing commercial lending for a community bank in southeast Wisconsin. An old middle school friend was the financial analyst at Guardian Credit Union in Oak Creek, Wis., and [...]
CFPB issues FAQs on escrow accounts, Regulation E
The Consumer Financial Protection Bureau (CFPB) recently issued sets of frequently asked questions on Electronic Fund Transfer Act and Regulation E requirements, as well as servicing escrow accounts under Regulation X. The Regulation E FAQs [...]
FCC should ensure standardized call blocking notifications
The Federal Communications Commission (FCC) should maintain a standardized requirement for voice service providers to provide notifications of blocked calls, CUNA and other organizations said in comments filed with the FCC. The comments were filed [...]
NCUA releases CU system performance data for Q1
Federally insured credit unions reported net income growth of $11.3 billion, or 134.9%, over the year ending in the first quarter of 2021, according to the latest financial performance data released by NCUA. [...]
Small lenders must have access to secondary mortgage market
Small lender access to the secondary mortgage market is vital to ensuring the housing finance market benefits consumers, CUNA Senior Director of Regulatory Advocacy and Counsel Elizabeth LaBerge told a Federal Housing Finance Agency (FHFA) [...]
Collaborative strategies to fund your employee benefits
A credit union's greatest asset is not a line item on the balance sheet -- it is our employees. When it comes to attracting and retaining the very best individuals, credit unions need competitive employee [...]
CUNA Finance Council 2021 award recipients announced
CUNA Finance Council recognized its best and brightest via five awards presented at the recent CUNA Finance Council Virtual Conference, May 18-20. The winners and their accomplishments will be featured in an upcoming issue of [...]
Attract young leaders: 3 tips
At Zogo, many of our employees are in their early to mid-20s. Since we’re building a financial literacy app for Generation Z, it made sense for our team to be young and able to [...]
Comments on PCA flexibility, compliance guidance due in June
Comments on NCUA’s proposed temporary changes to Prompt Corrective Action (PCA) regulations are due in June. NCUA announced the changes last month, following months of CUNA-League engagement on pandemic-related PCA flexibility. The first proposed [...]
Biologist finds place to grow
With a degree in biology from Southern University and A&M College in Baton Rouge, La., Timothy Morris wasn’t planning on a career in credit unions. But the scientific world’s loss is [...]
Donovan discusses obstacles, solutions for financial inclusion
CUNA Chief Advocacy Officer Ryan Donovan spoke on CUBroadcast recently to discuss highlights and takeaways from CUNA's recent white paper, "Delivering Financial Products and Services to the Unbanked and Underbanked in the United States - [...]
Be ‘sticky but flexible’ to attract new leaders
Kyle Gurzynski’s degree in business finance and economics made him well-suited for a job at a bank. But his desire to make a difference in his hometown of Ludington, Mich., made Safe Harbor Credit [...]