Takeaways from the 2022 CU*Answers Leadership Conference
CU*Answers held its Annual Leadership Conference discussing the future of the industry and of CU*Answers as it moves forward into 2023. Check out the key takeaways from each section of the event!
Bill Expanding Credit Union Fields of Membership Passed by House
On Wednesday, June 15, the House passed the Expanding Financial Access for Underserved Communities Act which will give federal credit unions the ability to expand their fields of membership to include underserved communities, reports CUSO Magazine’s Esteban Camargo.
Federal Housing Administration Gains Support for Forty-Year Mortgage Proposal
As the comment period for the 40-year mortgage proposal made by the Federal Housing Administration drew to a close, NAFCU and CUNA voiced their support, reports Esteban Camargo.
Is It Time for Credit Unions to Get Their Bank On?
With overdraft fees in the crosshairs, certified Bank On accounts are gaining recognition. Esteban Camargo explains what these accounts are and how credit unions can implement them at their institutions.
CUNA Releases Study on Credit Unions’ DEI Efforts
Esteban Camargo reports on the Credit Union National Association’s recently published study on credit union efforts to incorporate diversity, equity, and inclusion efforts into their strategic plans.
Senate Subcommittee Meets to Discuss Overdraft Fees
The United States Senate Subcommittee on Financial Institutions and Consumer Protection met on Wednesday, May 4 to discuss overdraft fees and their effects on working families. Esteban Camargo reports on the discussion.
The CAMELS in the Room
Starting April 2022, NCUA introduced a new letter to the CAMEL rating system: “S” for Sensitivity to Market Risk. Esteban Camargo gives a brief history of CAMELS and what each letter stands for in this financial literacy month series.
Important Ratios to Understand Your Credit Union’s Performance
As we continue our series on financial literacy basics for credit unions, Esteban Camargo gives some commonly used ratios and benchmarks some attention, explaining what they are, how they are, how they’re calculated, and what they’re used for.
How to Read Your Financial Statements
Esteban Camargo continues his series on financial literacy with an introduction to financial statements. You don’t need to be a CPA to understand them–anybody can benefit from being able to comprehend their organization’s financial status via their balance sheet and income statement!
Now You Know Your ALMs
It’s Financial Literacy Month and Esteban Camargo is here to teach you how to sing your ALMs. Part one is a veritable alphabet soup of credit union acronyms and terms that might be confusing.
