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 [...]