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.
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.
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.
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!
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.
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.
Financial Literacy Month: How is Your Credit Union Celebrating?
Calling all credit unions: April is Financial Literacy Month! Is your credit union ready for it? Emily Claus covers the history and purpose of the month, ways your credit union can get involved, and why you shouldn’t miss out on this year’s festivities.
The History of Check Processing
Take a trip down memory lane with Scott Page as he reflects on the history of check processing and the journey to get it where it is now.
Overdraft Class Actions: What Credit Unions Need to Know in 2022
With class-action overdraft lawsuits on the rise, Patrick Sickels explains how credit unions can get into trouble with fees and ambiguous phrasing and what steps you can take to protect your credit union.
