The rise of the importance of mobile platforms means any credit union that is behind that curve will lose members.
If a financial services provider can't keep pace with rising consumer expectations, it will be left in the dust.
Credit unions learn a valuable lesson in collaboration.
As they look to carve out future success and beat their competitors, credit unions must remember their purpose.
Attorney Guy Messick explains the importance of CUSOs.
The NCUA's MBL rule proposal could position credit unions as valuable community lending sources.
This year has been an exciting and pivotal year for CUSOs as they continue to be an incredibly important part of the credit union industry.
When done well, loan participations spread income making opportunities to the buyers and provide funds for the sellers to serve more members.
All of us in the credit union industry–regulators, credit union professionals and directors–have a role to play. Our actions have consequences both short term and long term. I fear that the actions of some of us are leading credit unions on a path to mediocrity.
The NCUA is currently considering amendments to Part 703, the investment regulation. NCUA has not yet issued proposed changes.