Credit unions complain now about their regulatory load, but the CFPB is just getting warmed up, and the NCUA will have more to come as well.
CUNA’s Governmental Affairs Conference serves as an annual rally cry for credit unions. Like a good coach, it pumps up the team, provides direction and does a little cheerleading minus the short skirts. Gathering all of the players is great for bolstering that cooperative team spirit to approach Capitol Hill...
The aim of the GAC is political advocacy, but it should also reinvigorate credit union professionals with the cooperative nature of the industry.
At the time I received the job offer from Credit Union Times in 2000 I had also gotten an offer from a credit union in the marketing department. This popped in my head recently for some reason. I’d almost forgotten. I pondered how my life and career might be different...
Considering here what credit unions can do to keep at bay the what-might-have-beens.
Directors are at once our greatest strength and at once our greatest weakness,” now-retired CUES CEO Fred Johnson told me in his exit interview. Unfortunately, it is uttered far too often and is far too true. Governance is a common topic of conversation, but I’m not confident much is being...
Make clear to new board members what their responsibilities are, what’s expected of them if they are to serve the credit union. Set those standards high.
DDoS attacks have been confirmed that have taken down two credit unions and several large banks’ websites. It’s been proven our entire financial system is vulnerable. While stealing personal information doesn’t seem to have been at play, this is a critical concern for the entire financial services industry.
Regulators fiddle while Rome set to burn.
The creeping economic recovery has pushed credit unions to think more creatively to generate new revenues and efficiencies. A story we posted referring to Kern Schools Federal Credit Union last year drew an angry comment from a member recently.