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.
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.
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.
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.
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.
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.
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.
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.
Cooking with CUSO Mag: Desjardins and Madeleines
In this brand new exclusive series from CUSO Magazine, Esteban Camargo bridges the gap of credit union history and food blog… Learn about the life of French-Canadian Alphonse Desjardins before baking a fresh batch of delicious madeleines.
The Rise of Pig Butchering Scams
As bad actors consistently seek out new ways to scam money from your members, it is important to stay informed. AJ Schalk details the latest tactic—the Pig Butchering scam—and how you can spot the warning signs that a member has fallen prey.
