The "Great Resignation" may be over, but the talent gap in the credit union industry persists. While there may be a larger pool of applicants, finding the right fit with the specific skills and experience [...]
Loan portfolio management requires a keen understanding of various factors that impact returns. Yet far too often, credit union boards and decision-makers focus primarily on only one element: charge-offs. While loan losses are certainly important, [...]
It takes hard work and practice to be financially fit. A professional baseball player attends spring training to prepare for the long season ahead. And there are things you can do this time of year [...]
Let's talk regulatory compliance. Governing bodies are cracking down on ancillary product refunds and more. Allied's Peter Krall joins us to dissect the regulations and discuss how financial institutions can keep their borrowers protected. In [...]
If your credit union is federally insured, have you been paying attention to recent statements coming from NCUA Chairman Harper? The February board meeting included a report on the 2023 year-end financials for the NCUSIF [...]
Senate Majority Leader Charles Schumer, D-N.Y., said on Friday that he wants the Senate to tackle marijuana banking legislation during the next few months. “In the weeks and months ahead, we have the opportunity [...]
In today’s rapidly evolving commercial banking landscape, community banks and credit unions face many challenges and opportunities as they strive to meet their business clients’ changing needs and expectations. To shed light on the [...]
When a credit union leader says they want to do a short run on a campaign, my initial response is, “Are we swimming or treading water?” Unfortunately, too many credit unions are only looking to [...]
Resolutions to nullify the CFPB’s credit card late fees rule via the Congressional Review Act (CRA) were introduced in the Senate by Sen. Tim Scott, R-S.C., and Rep. Andy Barr, R-Ky., Monday. America’[...]
As a whole, people are more distracted than ever. A study in 2004 measured the average attention on a screen to be 2 ½ minutes. Some years later it was found to be 75 seconds while [...]
Isaac Newton is said to have said, “Tact is the knack of making a point without making an enemy.” With this statement, Newton, famous for inventing calculus and for his work on forces during the [...]
Credit unions are financial cooperatives, mutually owned by their members. They are a special kind of financial institution organized and operated for the benefit of their membership. This unique structure is different from for-profit corporations [...]
If you are looking for members with high deposit value and aren't rate sensitive when borrowing, lthen you should be prioritizing your retiring members. That's the message that our sponsored guest Rhian Horgan, President and [...]
On April 8, 2024, a total solar eclipse was visible in parts of the United States. The eclipse clocked in at just over four minutes, but some local governments declared disaster declarations due to the [...]
Americans’ outlook for inflation was mixed last month amid expectations for bigger prices rises across a range of key goods and services, as worries about missing debt payments mounted, a report from the Federal Reserve [...]
