Monthly Board Meetings: Necessary or Burdensome?
As legislation aims to reduce required board meetings from monthly to six times per year, Emily Claus discusses the potential benefits and ramifications of such a change, with input from two long-serving board members.
Supreme Court Agrees to Review Ruling Declaring CFPB Structure Unconstitutional
In light of the Supreme Court’s decision to review the ruling declaring the Consumer Financial Protection Bureau unconstitutional, Emily Claus reports on the history of the CFPB and its controversial structure, funding, and Payday Rule.
House Passes Credit Union Board Modernization Bill
The House has passed the CUNA-supported Credit Union Board Modernization Act, which would alter the current board meeting requirements from monthly meetings to a minimum of six meetings per year. Emily Claus reports.
Connecting Personally and Authentically With Members
Credit unions are meant to have a genuine care for their members and communities, but too often, that whittles down to nothing more than a marketing tactic. Emily Claus discusses how to balance the need for growth and digital methods with building a personal connection.
Tyndall Federal Credit Union’s Giveback Campaign Reinvents Profit Sharing
The methods behind profit sharing can be a bit of a mystery for members, who typically have no clue as to why they receive the amounts they do. Tyndall FCU decided to remove the mystery and show members exactly how they can earn, resulting in more money going directly into members’ hands.
House Report into PPP Loan Fraud Points the Blame at FinTechs
In December, the House released the findings of their investigation into PPP fraud and found that FinTechs were guilty of failing to protect against fraudulent loans and even sometimes knowingly pushing said loans through in turn for a profit. Emily Claus reports.
Credit Unions Celebrate the Holiday Season with Support for Their Communities
Helping their members and their communities is at the very heart of what credit unions do, and the holiday season is the perfect time to demonstrate that commitment. Emily Claus details a few of the many ways credit unions are spreading holiday cheer and how your credit union can get involved.
NCUA Establishes Asset Management and Assistance Center as Independent Office
On December 1st, 2022, the NCUA voted to re-establish the Asset Management and Assistance Center as an independent entity. Emily Claus reports on the reasons and logistics behind the change.
Is Life-Stage Tracking Worth It?
In the age of limitless data possibilities and shifting lifestyles, are the traditional, clear-cut life stages an effective tool for determining member needs? Or should credit unions try alternative approaches that, while less defined, are more accurate? Emily Claus argues the latter.
CUNA Calls on Government for Regulatory Standards Regarding Digital Assets
CUNA has called on the Treasury Department to create a national standard on digital assets, as they claim a lack of regulatory oversight has allowed FinTechs to gain an unfair market share that runs rampant with illicit activities. Emily Claus reports.