Adapting to the Evolving Financial Regulations Facing Credit Unions Today
Jennifer Kelly details the shifting regulatory environment for credit unions, especially on the wake of the CFPB’s uncertain future.
Open Finance Ecosystems: The Only Certainty in a Changing US Financial Regulatory Landscape
While the CFPB’s future and the status of all its rules—including it’s ruling on opening banking—remains uncertain, expert Natália Cruz argues that open banking will only increase in popularity and become a consumer expectation—regardless of the CFPB’s fate.
The Ultimate Cooperative Advantage
In a financial business, the temptation to prove success through dollar signs and numbers is pervasive. Chip Filson reminds credit unions that their greatest success is demonstrated in their relationships with members and the impact on their communities.
Do Americans Want or Need More Credit Union Charters?
Chip Filson shares stories of the keh and the tanda, two kinds of financial institutions benefiting small communities in America, what credit unions can learn from them, and the opportunities these cooperatives signal.
Improving Cash Efficiency
While many are turning to digital payments for the majority of their transactions, cash still plays an integral part in our economy, and as such, credit unions should look to improve cash logistics efficiency, says Jim Petit.
Avoiding the Tyranny of Open Banking
As open banking starts to gain traction, Allyn VanDyk encourages credit unions to start asking the right questions in preparation before taking any steps.
The Need for a Level Playing Field
Chip Filson points out one major area of difference between federally- and state-chartered credit unions: compensation transparency. Chip asks the question, why should FCUs be exempt from this basic level of accountability to their members?
Why the CLF Has No Interest
The Central Liquidity Facility exists to provide credit unions with liquidity lending, and yet it hasn’t had activity in years. Not only that, but they’re struggling to manage their assets and Chip Filson is wondering whether credit unions still need it.
How to Bring Indirect Members Into the Fold
Converting all indirect members into full-fledged members is every credit union’s dream, though easier said than done. Emily Claus discusses how to make the most of your interactions with an indirect member and what roadblocks might be keeping them from committing to you as a primary financial institution.
The Next NCUA Chair: Someone Who Cares About Us
With a new President incoming and NCUA Chair Todd Harper’s term ending in August 2025, Chip Filson is asking who credit unions would like to see appointed to the role, and what attributes that person will have.
