Re-Imagining Federal Credit Unions’ Fields of Membership
Chip Filson shares some history on how Ed Callahan helped shape the credit union industry by opening up new possibilities in credit union field of membership, seeking to repurpose it as a building block, not a regulatory hurdle.
As FDIC Proposes Deposit Insurance Changes, CU Trades Emphasize Parity
As policymakers struggle with whether to increase deposit insurance at financial institutions—the FDIC outlined its own plan on Monday—credit union trade groups said they want banks and credit unions to be treated the same if changes are made, reports David Baumann of CUCollaborate.
Advocating For Choice: Private Insurance
Per the Michigan Credit Union Act, all state-charted credit unions are required to use National Credit Union Share Insurance Fund (NCUSIF) as their deposit insurance provider. Julie Gessner argues this lack of choice only hurts members in the end and encourages legislative change.
Financial Literacy Spotlight: Phroogal Founder Jason Vitug and the CU Happy Tour
When Jason Vitug resigned as CEO of his credit union, he wasn’t sure what was next, until a bolt of inspiration hit. Now, Vitug works alongside the credit union industry to bring financial literacy and wellness to credit union employees, members, and communities alike. Emily Claus sat down with Vitug to discuss his journey and his upcoming CU Happy Tour–a 50-state, 100-credit-union collaboration effort to make financial literacy a national conversation.
Even More Ratios to Understand Your Credit Union’s Performance
CUSO Magazine’s Esteban Camargo follows up on his previous article on important credit union ratios to understand with five more KPIs credit union leaders use to gain a grasp of their credit union’s financial performance.
House Financial Services Committee to Consider CFPB Reform Legislation Ahead of Supreme Court Review
Continuing the never-ending debate on the Consumer Financial Protection Bureau, the House Financial Services Committee has announced that it will consider new legislation that would completely overhaul the organization’s structure ahead of the Supreme Court’s review of the case, reports Emily Claus.
Wrangling Inconsistent Data: How to Use Automation to Create Governance
Without data governance, your data can become an inconsistent nightmare, making utilizing it nearly impossible. Tabitha Pierce explains how to use Excel and Power Query to wrangle your data, take control, and create consistency.
Embracing the Future of Banking: A Roadmap to a ‘Phygital’ Communications Strategy
CEO of digital conversations platform Eltropy Ashish Garg shares his strategy for combining traditional banking methods with new technologies and services to create a hybrid, “phygital” experience for your members.
Too Much of a Good Thing: The Net Worth Balancing Act
Credit unions need to maintain a certain net worth ratio to be considered well-capitalized, and many go above and beyond to ensure the safety of their institution. CUSO Magazine’s Esteban Camargo wonders whether it is possible to be too safe when managing net worth.
Credit Union Organizers Want North Minneapolitans to ‘Feel at Home’
George Floyd murder was galvanizing moment in effort to establish Black-led state-chartered, federally insured credit union reports David Baumann of CUCollaborate.
