Understanding Contract Terms and Risk Assessments

Understanding Contract Terms and Risk Assessments

Patrick Sickels provides a look into contract terms that credit unions should watch out for and understand before signing on the dotted line.

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Death and Taxes: A Tale of Bank vs. Credit Union Lobbying

Death and Taxes: A Tale of Bank vs. Credit Union Lobbying

Banks and credit unions have been duking it out in D.C. over the tax exemption status the latter are allowed. David Baumann recaps the lobbying efforts both sides are making to discredit the other.

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Executives on Leadership: How to Build Trust

Executives on Leadership: How to Build Trust

Alycia Meyers dives into the method behind trust and shares a few secrets from leaders on how they build trust–starting with employees.

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Hood: Regulators Need to Develop Joint Cannabis Banking Policy

Hood: Regulators Need to Develop Joint Cannabis Banking Policy

NCUA Board member Rodney Hood called on federal banking regulators to begin developing a joint principles-based approach to marijuana banking, reports David Baumann of the Washington CU Daily.

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Contactless and Digital: The Shift of Payment Options and Where They Go from Here

Contactless and Digital: The Shift of Payment Options and Where They Go from Here

Linda Stearns reflects on the shift to contactless payments and digital wallets over the last couple years and how this will affect payments going forward.

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The Coterminous Advantage

The Coterminous Advantage

Negotiating vendor contracts all at once may seem overwhelming, but Ed Jesionowski argues that it gives the credit union a great advantage in the long run.

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What Credit Unions Can Learn from Morris Plan Banks

What Credit Unions Can Learn from Morris Plan Banks

Morris Plan banks, which began the same time as credit unions, were the original consumer bank lending success. Their growth far surpassed credit unions. There are none left today. Is there a message for credit unions seeking scale by buying whole banks in this example? Chip Filson looks into the now extinct banks.

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IRS: CU, Bank Reporting Rule Would Raise $460 Billion in 10 Years

IRS: CU, Bank Reporting Rule Would Raise $460 Billion in 10 Years

Requiring financial institutions, including credit unions, to report to the Internal Revenue Service the inflows and outflows from customer accounts could raise $460 billion in additional tax revenue over ten years, according to IRS Commissioner Charles Rettig. Reported by David Baumann of the Washington CU Daily.

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Is Data Privacy Legislation Coming to Your State?

Is Data Privacy Legislation Coming to Your State?

The privacy of data is becoming increasingly important by the day, and credit unions could find themselves paying a pretty penny for failing to meet regulations. Patrick Sickels reviews data privacy legislation currently on the table and discusses the potential for more.

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Trust, But Verify: How Not to Potentially Lose Out on Thousands

Trust, But Verify: How Not to Potentially Lose Out on Thousands

Are you putting your credit union at risk for losing thousands of dollars? Cody Smith argues that failing to validate results after a software change is released can lead to big losses over time.

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