The Overdraft Issue

The Overdraft Issue

Overdraft fees have long been the topic of debate, with the CFPB looking to severely limit or get rid of them entirely and credit unions, in return, looking to get rid of the CFPB entirely. But there are two sides, maybe even three, to every story. Emily Claus examines the overdraft issue, the various perspectives on it, and what potential outcomes there might be.

Read more
Why Learning Programming Can Be a Boon for Your Career in the Financial Industry

Why Learning Programming Can Be a Boon for Your Career in the Financial Industry

Learning the ins and outs of the programs you use everyday at the credit union can offer numerous rewards for both you, your credit union, and its members. Brendan Lindsey offers advice on how to get started and what resources are at your disposal.

Read more
CDFI, LID, and MDI: What’s the Difference?

CDFI, LID, and MDI: What’s the Difference?

The credit union world is chock full of acronyms. CUSO Magazine’s Esteban Camargo looks at community development financial institutions (CDFIs), low-income credit unions (LICUs), and minority depository institutions (MDIs); what they mean and the benefits each provide.

Read more
The Credit Card Competition Act and Its Implications for Card Rewards

The Credit Card Competition Act and Its Implications for Card Rewards

As we continue this two-part series on interchange, Esteban Camargo discusses the Credit Card Competition Act of 2023, what supporters and opponents are saying about it, and what the aftermath of the 2010 Durbin Amendment might suggest is in store for credit cards.

Read more
One State, a Credit Union CEO, and Financial Literacy

One State, a Credit Union CEO, and Financial Literacy

This Financial Literacy Month, Chip Filson shares the story of how the state of Kentucky is working to increase financial education within the school system and how one credit union CEO is stepping up to the plate to support these efforts.

Read more
What is Interchange and Why Does it Matter to Credit Unions?

What is Interchange and Why Does it Matter to Credit Unions?

Financial literacy month continues with part one of Esteban Camargo’s two-part series on interchange income: what it is, why it’s important to credit unions, and what politicians are trying to change.

Read more
Explaining Credit Union Allowance for Credit Losses and CECL

Explaining Credit Union Allowance for Credit Losses and CECL

As Financial Literacy Month kicks back off, Esteban Camargo continues his education series on the inner working of credit unions by examining Allowance for Loan and Lease Losses and Current Expected Credit Loss.

Read more
Cooking with CUSO Mag: Colombian Cooperatives and Empanadas

Cooking with CUSO Mag: Colombian Cooperatives and Empanadas

In the second edition of this exclusive series from CUSO Magazine, Esteban Camargo bridges the gap of credit union education and food blog… Learn about the landscape of Colombian credit unions before making Esteban’s favorite food: Colombian empanadas.

Read more
Font or Fiction: How Scammers Are Using Fonts to Trick Your Members

Font or Fiction: How Scammers Are Using Fonts to Trick Your Members

Scammers are always upgrading their toolset in the hopes of tricking your members out of money. Emily Claus covers the rise of Homograph Attacks and how you can best defend your credit union and its members from falling prey.

Read more
CFPB and Open Banking: Searching for a Solution While Creating New Problems

CFPB and Open Banking: Searching for a Solution While Creating New Problems

The Consumer Financial Protection Bureau has released a new rule on open banking, a system which in theory is meant to help members, but in reality places undue burdens on financial institutions. Patrick Sickels and Jim Vilker cover the requirements of the rule and where it falls short.

Read more