NCUA Equity Ratio Dips to 1.22%, But Board Says Restoration Plan is Not Needed Yet
The National Credit Union Administration’s Share Insurance Fund’s equity ratio is expected to dip to 1.22% by the end of June, but the agency board decided Thursday not to require the development of a fund restoration plan, reports David Baumann of the Washington CU Daily. The Board also discussed its Normal Operating Level policy at its May meeting.
Actionable Instagram Marketing Tips for Your Credit Union
Need to freshen up your credit union’s social media accounts? Don’t have them to begin with? That’s okay, Casey Smith has you covered with great tips to get your credit union’s Instagram going.
Our Member Economy Creates Abundance
CU*South CEO, Leo Vaulin, contemplates the concept of abundance in the credit union industry, and how credit unions should be reaching out to communities and members.
Benefits of Adding Video to Your Credit Union Website
Casey Smith argues that video is an essential but underutilized tool for credit union websites and provides examples of how it can set you apart from your competition.
House Panel Hints at Field of Membership Expansion Legislation
The House Financial Services Committee has given an early indication that it may consider legislation that would allow credit unions to expand their fields of membership into underserved areas, reports David Baumann of the Washington CU Daily. Among other issues, the Committee also may discuss making changes to the NCUA Central Liquidity Facility, the difficulties starting Community Development Financial Institutions and Minority Depository Institutions and killing the Office of the Comptroller of the Currency’s “rent-a-bank” rule. The hearing is May 19.
Get to Know Lender*VP With Pete Winninger
CUSO Magazine sits down with Lender*VP’s Vice President of Professional Services, Pete Winninger, to learn more about his team and what services they provide to their credit union clients.
Identifying Tools for Cross Selling Success
Melissa Fulgenzi wants to know if your core processor has the tools for cross selling and, more importantly, if you’re using them to help your members find new services and opportunities.
A Cooperative Opportunity Trifecta
While the NCUA’s response to start ups may be slow and tied down by regulatory requirements, Chip Filson praises a new program in California aimed at encouraging and supporting young, diverse groups in creating cooperative start ups.
PPP Runs Out of Money for Most Credit Unions
The Small Business Administration’s Paycheck Protection Program has run out of money for loans that most credit unions and banks would make, but PPP loans are still available through Community Development Financial Institutions, an SBA spokesperson said. As reported by David Baumann of the Washington Credit Union Daily.
A Guide to Increasing Your Credit Union’s Email Subscribers
Gaining email subscribers is a great asset in marketing your credit union, but figuring out how can be a confusing and daunting process. Casey Smith has some helpful advice to get you started and get your list growing.
