Following the reduction in staff by nearly a quarter, the NCUA claimed it was delivering millions in cost savings to credit unions. However, the numbers show a different outcome: an increase in total spending even with fewer staff members, says Chip Filson.
While credit unions and their staff tend to operate on a reactive basis, solving problems as they come along, Ashleigh Craven shares how shifting to a proactive approach can make the most of your teams skills and increase operational efficiency.
Interchange income is a big part of credit union revenue, and U.S. Senators have it in their crosshairs. CUSO Magazine’s Esteban Camargo continues his financial education series with an explanation of interchange and the legislation proposed to change how it works.
Before credit unions can begin offering stablecoins, the NCUA needs to issue its final regulatory rules on the issue by July 18th. America’s Credit Unions has responded with its suggestions on how the rule should be altered before the deadline passes, reports Emily Claus.
As we continue to celebrate Financial Literacy Month, Emily Claus reminds credit unions that effort and intention matter when creating a financial literacy program, and why the task should not be left up to social media posts.
