Ari Farrell

Jan 5, 2024 | cuinsight.com | Matt Johnson |Carol Schillios |Schillios Consulting |Ari Farrell

Your credit union relationship managers are finding members that want to establish operating lines of credit (LOC’s) with the credit union. You want to serve the needs of your members, but you realize the challenges that come with working capital LOC’s. First, it can be a significant amount of up-front work and never materializes into a loan. Second, LOC’s can carry a couple of risks that if unchecked, can turn into problematic loans and increase regulatory scrutiny.

Jan 5, 2024 | cuinsight.com | Carol Schillios |Schillios Consulting |Ari Farrell |Suchit Shah

Her braid. It was the first thing I noticed. It lay thick and silky across her shoulder like a Gauguin painting. She wore a traditional Malay ikat fabric skirt and a Grateful Dead t-shirt. Wall to wall, other women sat cross-legged on the floor of the small living room. When we arrived late to the credit association gathering, the weekly meeting had already begun. I felt like an interloper as I leaned against a wall watching. I caught the eye of the woman with the braid.

Jan 4, 2024 | cuinsight.com | Rich Jones |Ari Farrell |Suchit Shah |Mollie Bell

Often, leaders see decisiveness and strength as the primary characteristics of leadership. The reality is that leadership is more complicated and nuanced than these two attributes. Among the many qualities leaders need, fragility and resilience emerge as essential and distinct yet interconnected. In today’s ever-evolving, ever-disrupting landscape of challenges, a leader must navigate uncertainty, adapt to change, and inspire others to follow suit.

Jan 4, 2024 | cuinsight.com | David Baumann |Ari Farrell |Suchit Shah |Mollie Bell

The Biden Administration last month took the first steps toward developing a framework for broadening access to financial services among underserved communities, asking for public comment on ways to develop a financial inclusion strategy. “Improving inclusion in the financial system is a critical part of fostering financial security, expanding opportunities to build wealth, and closing the racial wealth gap,” the Treasury Department said, in soliciting comments.

Jan 4, 2024 | cuinsight.com | Ari Farrell |Suchit Shah |Mollie Bell

The banking industry’s record of discrimination in loans and credit has not been pretty. Repeated studies have found that Black and Latino Americans are much more likely to be unbanked or underbanked than white Ameicans, and that these populations continue to express distrust in banks and financial institutions. Today, it is assumed that most respectable financial institutions do not intentionally discriminate against consumers based on race, gender, religion etc.