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.
Managing Critical Vendor Relationships: More Process Than Tool
Having a vendor management tool can be a great boon, but it’ll take a sound plan and policy to manage your vendor relationships effectively. Jim Vilker shares his thoughts on what a good policy and procedures need to succeed.
Writing for the Web: Make Your Words Count
Writing for the web takes some getting used to, especially if you’ve never done it before. Good thing Alycia Meyers has some tips on how to make your article clear, concise, and easy for readers to navigate.
Credit Union Trade Groups Endorse Proposed CUSO Rule While Consumer Groups Argue Would Authorize Predatory Lending
Two stories from David Baumann of the Washington CU Daily: Saying that the NCUA’s current rule governing Credit Union Service Organizations is sorely outdated and hampers innovation, CUNA and NAFCU are calling on the agency board to finalize an updated regulation. The National Credit Union Administration’s proposed Credit Union Service Organization rule would allow CUSOs to become predatory payday lenders that could make loans that far exceed the interest rate in the Federal Credit Union Act, consumer groups are warning.
Continuity at the Core: Testing and Exercising Your Response
In the sixth installment of his business continuity and disaster recovery series, Jim Lawrence discusses testing and exercising your response plan and why it’s so essential.
What the Heck is Optics Data?
Keegan Daniel dives into the topic of optics data to explain how credit unions can use it to help their members and improve services.
No Limiting Principle
NCUA’s update to corporate rule 704 is not without many issues claims Chip Filson. All the little missteps that go into new policy set precedent for the “how we’ve always done it” mantra that damages from within.
House Financial Services Dems Push for $8.5 Million Boost for Credit Union Community Development Fund
David Baumann of the Washington CU Daily reports that the Democrats on the House Financial Services Committee out-voted the Republicans to pass the Views and Estimates Report, which contained requests to congressional budget writers for an $8.5 million increase for the National Credit Union Administration’s Community Development Revolving Loan Fund in FY22. It also contained strong support for the Consumer Financial Protection Bureau.
Analyzing Website Design Trends From the Top Credit Unions
Web Applications Developer Sam Lechenet analyzes common trends design among the top ten credit unions’ websites, and suggests what common elements you may want to implement into your site.
