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.
NCUA Financial Reports Shed Light on Gabriels Community Merger
When Gabriels Community Credit Union announced it was merging with Michigan State Federal Credit Union without a vote from the credit union’s members, a number of questions were raised. Now, financial reports from the NCUA are shedding mote light on the credit union’s financial status and what might have led to the merger. Emily Claus reports.
Marketing Should Never Stop, It Should Adapt to the Circumstances
Marketing isn’t just about getting members to invest in new products and services, it’s also about letting your members know how you can help them when they need it. Sarah Ashby reflects on events of recent years and how essential it is that your marketing plan remains adaptable, regardless of the circumstances.
NCUA and Mergers: Keeping Members Out of the Room Where It Happens
In the past month, the NCUA has approved of two mergers, both without a vote from the members of the merging credit union. While permissible under NCUA rules, the silence of those involved and the unwillingness to share information has Emily Claus asking why owners are being kept out of the room where it happens.
Listen and Launch: How Everence Federal Credit Union Will Change in the New Year
Nathan Anderson, Chief Operating Officer of rkGoBig, sat down with Kristen Heisey, CEO of Everence Federal Credit Union, to discuss her credit union’s growth strategy, her leadership tactics, and how to improve an already successful operation.
CFPB’s Proposed Overdraft Fees Rule Lauded by Some, Condemned by Others
The CFPB’s proposed overdraft rule, which would affect the largest credit unions and banks, is praise from consumer rights advocates. Banks and credit unions, however, are standing united in opposing the rule, reports David Baumann.
The People’s Voice: Saint Lawrence FCU Owners Veto Merger
Last fall, members of a New York credit union overwhelmingly voted to reject a merger. Chip Filson looks into the situation and why members may have responded as they did.
Embracing Efficiency: The Advantages of Digital Forms in Modern Workflows
Old habits die hard, and while having a physical paper trail for your business can seem essential, Sari Rahal offers a few reasons why you should be switching to digital forms and letting go of paper.
NCUA’s Tanya Otsuka Attends First Meeting as Member of the Board
Ten days after being sworn in on January 8th as the 25th NCUA Board Member, Tanya Otsuka attended her first National Credit Union Administration board meeting. Esteban Camargo reports on the events.
Revitalizing Workforces: New Year, New Employees
As employees look to better themselves in 2024, businesses should look to do the same and find ways to better support their employees. Stephanie Underwood argues the benefits of offering employee wellness programs and why you should be looking into them sooner rather than later.
