USPS Banking Pilot Faces Legality Issues From Multiple Opponents
In September of 2021, the United States Postal Service announced it would begin a new program at a few select offices wherein people could cash their paychecks or business checks in exchange for gift cards. Participants could cash checks up to $500. The program at the time was met with...
Filene Research Institute Reveals Results of DEI Survey
Emily Claus shares the results of the Filene Research Institutes survey on DEI Practices and Policies including where credit unions are succeeding and where there is room for improvement.
Maine Harvest Credit Union to Merge Only Two Years After Opening
Maine Harvest Federal Credit Union has announced it will be merging with other Five County Credit Union—only two years after its much-publicized opening. Emily Claus dives into the reasons behind the merge.
Letter From NCUA Chairman Makes Crypto Services More Accessible for Credit Unions
NCUA Chairman Harper has finally responded to requests for the NCUA to issue regulations for working with cryptocurrency technology in a four-page letter. Emily Claus details the contents of the letter and what this means going forward.
The Death of the Member
Are credit union members slowly being transitioned from owners to customers, and if so, can the cooperative foundation of the industry survive? Emily Claus weighs in.
NCUA Argues for Third-Party Vendor Authority in Capitol Hearing
The NCUA has made another bid for third-party vendor authority, this time focusing on AI technology. Citing shortcomings with small credit unions, the NCUA argues that their intervention is necessary for both security and financial reasons.
New Bill Aims to Prevent the SBA From Becoming a Direct Lender
Republicans have introduced a new bill to congress that aims to scale back the Small Business Association’s lending abilities, leaving a gap for credit unions to fill in the lending sphere. Emily Claus details the contents of the bill as well as CUNA’s endorsement of it.
Financial Literacy Spotlight: The Berenstain Bears Cub Club
As part of Financial Literacy Month, Emily Claus spotlights the Berenstain Bears Financial Literacy Program for kids, created through a partnership with Franklin Mint Federal Credit Union and the Berenstain Bears organization.
Increasing Financial Literacy in Students: Credit Union of Texas Opens SMART Branch
Credit Union of Texas, in an effort to increase financial education amongst students, has created an encompassing financial literacy program consisting of student-run SMART branches and student financial coaches. Emily Claus explains.
The Current State of Financial Literacy
As we head into Financial Literacy Month, Emily Claus analyzes the current state of financial literacy in the country in regard to topics such as budgeting, saving, retirement, and loans.
