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 [...]
America’s Credit Unions News Archives
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 [...]
NCUA issues regulatory alert on QM rule delay
NCUA this week issued a Regulatory Alert (21-RA-06) to federally insured credit unions addressing the Consumer Financial Protection Bureau (CFPB) finalizing the delay of its Qualified Mortgage (QM) rule. The mandatory compliance date is now [...]
AACUC highlighted among 20 Black-owned businesses in New York Times
The African-American Credit Union Coalition (AACUC) is featured in The New York TimesBlack Wall Street virtual storefront, which started Tuesday. AACUC was nominated by Kevin Paasch, president of MemberWealth Management and general agent for MassMutual [...]
‘Wanting to do the right thing’
Some diversity, equity, and inclusion (DEI) programs start with a small step while others take a larger, more formal approach. But they all have the same intent. “It evolves from a genuine heart of wanting [...]
Credit reporting accuracy benefits borrowers, lenders alike
Restrictions on the reporting or consideration of certain debt prevents lenders from seeing borrowers’ complete debt circumstances and clouds lenders’ ability to fairly assess borrowers’ creditworthiness, CUNA wrote to a House Financial Services Subcommittee Tuesday [...]
Inclusive by nature
Royce Ngiam was well on his way to a successful career in banking when a colleague told him about credit unions a few decades back. “She said for all intents and purposes the way you [...]
Fed testimony, credit reporting hearing scheduled this week
The Senate is in session this week, and while the House is in recess this week it will continue to conduct committee meetings. Additional information on this week in Congress can be found on CUNA’[...]
Economic recovery is uneven
While the economy is rebounding more quickly than expected, the recovery isn’t benefiting everyone equally and the labor market is recovering in “fits and starts,” two economists told attendees of the 2021 CUNA Finance [...]
CUNA’s van Rijn talks ‘gamification’ with Buzzfeed
CUNA Senior Economist Jordan van Rijn talked with Buzzfeed recently about how things like leaderboards, rewards, points, and prizes in finance apps are “gamification,” or using game-like features to achieve certain goals. These features are [...]
Choosing to offer ‘the benefit of the doubt’ eases diversity conversations
Carolyn White aims to create conversations that focus on “building up” instead of “tearing down.” Whether White is leading diversity courses or teaching employees about the need for compliance, she gives people “the benefit of [...]
Senators introduce bipartisan governance modernization bill
Sens. Tina Smith (D-Minn.) and Ben Sasse (R-Neb.) introduced a bipartisan bill, the Credit Union Employee and Member Safety Act Thursday. The bill would update the credit union member expulsion process while ensuring a fair [...]
VIDEO: The big ‘what if’ in cannabis banking
Among regulators’ biggest concerns about cannabis banking is the prospect of credit unions having to divest these assets due to a changing regulatory landscape, says Doug Fagan, president/chief financial officer for $521 million asset [...]
CUNA writes to CFPB about proposed delayed effective date for recent debt collection rules
CUNA submitted a comment letter on Wednesday in response to the Consumer Financial Protection Bureau’s (CFPB) proposal to delay the implementation date of the Debt Collection Final Rule. The Bureau has proposed to delay [...]