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Apr 11, 2024 | 
cuinsight.com | Lauren Culp |Suresh Balasubramanian |Scott Butterfield |Albert Howard
All eyes are on PSCU/Co-op Solutions this week as 2024 Member Forum, PSCU’s legacy conference, kicks off in San Antonio. This year’s event boasts record attendance with over 1,400 credit union leaders registered. Event headliners include former President George W. Bush and Melissa Proctor, and event signage features this year’s theme “United in Vision.”Much of the attention this week is on the recent merger for PSCU/Co-op Solutions.
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Apr 11, 2024 | 
cuinsight.com | Jennifer Schonberger |Suresh Balasubramanian |Scott Butterfield |Albert Howard
Two Fed officials offered new reassurances Thursday to investors a day after another hot inflation reading spooked markets, saying it is still possible that interest rates will be cut this year. New York Fed president John Williams said it will make sense to reduce rates gradually “starting this year” if the economy proceeds as expected.
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Apr 11, 2024 | 
cuinsight.com | Suresh Balasubramanian |Scott Butterfield |Albert Howard |Jill Nowacki
America’s Credit Unions President/CEO Jim Nussle and Chief Advocacy Officer Carrie Hunt Wednesday met with Federal Communications Commission (FCC) Commissioner Geoffrey Starks to provide the credit union perspective on the FCC’s final rule related to a consumer’s right to revoke consent to receive robocalls and robotexts under the Telephone Consumer Protection Act (TCPA).
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Apr 11, 2024 | 
cuinsight.com | Suresh Balasubramanian |Scott Butterfield |Albert Howard |Jill Nowacki
Welcome back to our second act of this two-part article series. In Volume 1, we explored how to transcend the ‘9 to 5’ boundaries and dance to the tune of streamlined loan processes, all set against the backdrop of transforming your member experiences. In this set, we’re diving into the consequences of taking a “wait and see” approach to digital progression and exploring strategies to cultivate a lasting “I will always love you” sentiment among your members.
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Apr 11, 2024 | 
cuinsight.com | Scott Butterfield |Albert Howard |Jill Nowacki |Asha Connors
The many threats to fees and other income are top of mind for everyone today. And for good reason. Most credit unions wouldn’t have a positive bottom line without fees and other income. Credit union leaders are engaged and committing time, talent, and financial resources to advocate against the threats to fee income. Truly it is a time for all credit union leaders to work together to protect credit unions’ ability to earn fair fees and other income.
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Apr 11, 2024 | 
cuinsight.com | Albert Howard |Jill Nowacki |Asha Connors |Eric Marcus
In the fast-paced digital age, credit unions face a unique set of challenges, particularly in maintaining uninterrupted communication with their members. Traditional methods, especially reliance on phone systems, have proven vulnerable to disruptions, posing significant risks to service continuity and member trust. However, innovative digital platforms are emerging as vital tools to overcome these challenges, ensuring credit unions can keep their operations resilient and responsive.
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Oct 18, 2023 | 
cuinsight.com | Tansley Stearns |Randall Smith |Molly Irelan |Albert Howard
I love October. Especially in the Midwest, the fall blue skies shine boldly and hint at the chill in the air as summer fades. Joy emanates with the celebration of fall festivals, the creativity of Halloween costume planning, and the building anticipation of Nobel Prizes being awarded. Every year, I observe in awe the achievements of humans who defy the boundaries of our collective understanding in physics, chemistry, physiology or medicine, literature, peace, and economic sciences.
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Oct 17, 2023 | 
cuinsight.com | Molly Irelan |Albert Howard |Randall Smith
Community Development Financial Institution-certified credit unions are key to achieving the mission of the CDFI movement, CUNA wrote to the Senate Banking, Housing, and Urban Affairs Committee Tuesday. The committee conducted a hearing on how CDFIs promote housing and economic opportunities. “[CDFI credit unions] work every day to expand economic opportunity for people and communities who have been excluded from the mainstream financial system,” the letter reads.
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Oct 17, 2023 | 
cuinsight.com | Molly Irelan |Albert Howard |Randall Smith
A group of Senate Republicans, led by Senate Banking Committee Ranking Member Tim Scott, R-S.C., sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson over the weekend raising concerns about the agency’s proposed changes to credit report requirements for the government-sponsored enterprises (GSEs).
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Oct 17, 2023 | 
cuinsight.com | Rich Jones |Molly Irelan |Albert Howard |Randall Smith
On the surface, the differences between running a bank and running a credit union seem very similar. However, for the Board of Directors to select the right executive to lead a credit union, it must consider that credit unions differ significantly from traditional banks’ structure, purpose, and values. The purpose of a credit union transcends the income statement and balance sheet, and that purpose must be considered when hiring a bank executive to run a credit union.
