The upended sense of normalcy caused by the COVID-19 global pandemic has generated dramatic changes in consumer spending behavior. CU Rise Analytics conducted a member spend analysis that looked at year-over-year and month-over-month (February to [...]
I am no expert on the COVID-19 virus. While fearful of near-term consequences to family, friends and community, I am highly optimistic about the future. The pathway through this pandemic will be anything but easy. [...]
The financial services industry continues to evolve at a rapid pace. The advancement of technology and channels, an influx of new competition and an active mergers and acquisitions landscape—not to mention the current pandemic [...]
We are working daily with many institutions on strategic thinking and financial modeling focused on the pandemic and the economy. In this article, we address some general talking points we thought you would find helpful [...]
Money can be stressful for people. The numbers don't lie. According to the National Financial Capability Study: More than half of Americans (53%) agree that “thinking about my personal finances can make me feel anxious” [...]
Following the financial crisis, the importance of having a prudent asset/liability management committee in place became abundantly clear. The Fed’s recent emergency rate cut in response to the coronavirus’s risk to the [...]
In February 2016, I was in Scottsdale, Arizona, for a week of training with my mentor, Jack Canfield. Jack was sharing his principles for success, and in one segment, he facilitated a session on the [...]
The housing shortage continues to plague the market. Many credit union members need affordable housing options, yet few exist. These members are stuck with increasing living expenses, a need to save for a down payment [...]
The credit union landscape is rapidly changing. The competition for top talent is fierce. Combine these two thoughts and it’s not surprising that some credit unions are widening their executive searches, interviewing leaders from [...]
Payment card data breaches, in which credit and/or debit card information is stolen from a third-party, have been occurring at an alarming frequency the last several years. According to the non-profit Identity Theft Resource [...]
Smaller Canadian credit unions pay up to a 20% higher effective tax rate than the nation’s “Big Six” banks as a result of a combination of outdated regulations and recent policy decisions, concludes a [...]
As we start a new decade, business leaders in every industry—including the credit union movement—are realizing the importance of creating diverse and inclusive workplaces. While promoting the necessity of diversity and inclusion will [...]
With the recent and significant uptick in global cases of the coronavirus (also known as COVID-19), and the virus now prevalent in the U.S., credit union executives and their leadership teams are assessing how [...]
If you’ve ever wondered if you’re doing enough in your strategic process, there is a highly beneficial piece that is often overlooked. Strategic plans commonly look out three to five years, yet financial [...]
Credit unions in the business of serving business members are pretty common today, led by sophisticated operations “that have been at it for a while and have the scale to go toe to toe with [...]
