As CEO of a bank that formerly operated as a credit union, I know well the importance of last week’s Supreme Court ruling on the field of membership requirements for credit unions. Having seen [...]
Yesterday’s Supreme Court decision upholding the National Credit Union Administration’s field-of-membership rule puts to rest a nearly four-year saga in which bankers fought tooth and nail to prevent consumers from having expanded options [...]
Amid the coronavirus pandemic, credit unions are grappling with business continuity planning as they turn to remote work. Many CUs are taking steps to protect staff and members by instructing some employees to work from [...]
The National Credit Union Administration will not conduct onsite exams as the industry grapples with the fallout from the coronavirus pandemic. The regulator said Monday in a letter to credit unions that it was “limiting [...]
In a recent news opinion piece for Fox Business News, Alex Sanchez, president/CEO of the Florida Bankers Association, viciously attacked the credit union industry, claiming “corporate welfare” for credit unions must end. It’s [...]
Bankers have been taking their claws out lately when it comes to credit unions. In addition to the usual attacks on the credit union tax status, they loudly protested the latest emergency merger, despite that [...]
Credit unions are poised to go green in 2019 – and they don’t mean championing the environment. Marijuana will be legal in more than half of the states next year. In some states the drug [...]
Credit unions continue to see strong gains in auto lending, but tried-and-true tactics may need a tune-up in the year ahead. According to Bob Child, chief operating officer at CU Direct, a “softening” of used [...]
Members of Congress want to investigate National Credit Union Administration’s legal fees? Good luck with that. Such was the message from two former members of the NCUA board involved with setting up the arrangement [...]
CO-OP Financial Services announced that its CO-OP Shared Branch network has now passed Chase Bank in terms of the number of branch offices, giving the credit union cooperative the second-largest such network of financial institution [...]
Outstanding service on its own isn’t enough for credit unions to get top-of-wallet status with members. That’s the word from Samantha Paxson, chief marketing and experience officer for CO-OP Financial Services, who told [...]
Credit unions stand to receive a windfall of as much as $800 million next year if the National Credit Union Administration is able to go forward with a plan to merge its corporate credit union [...]
The Filene Research Institute has named Lauren Culp as the new manager of the Cooperative Trust, the mentorship and development program for young professionals within the credit union movement. Culp succeeds James Marshall, who has [...]
Credit unions can talk all they want about data analytics, but putting those tools in place won’t mean much without an analytics culture. That’s the word from two former credit union executives – Brewster [...]
A new study focusing on mobile and internet banking behaviors finds that no matter how cutting-edge a mobile banking app is, account balance, transaction history and money transfer features are utilized most often. “Everyone checks [...]
