Chris Corse

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CUNA publishes analysis of updated CDFI Certification Application

Dec 11, 2023 | cuinsight.com | Randall Smith |Seth Brickman |Chris Corse |Jeff Rendel

CUNA Senior Director of Advocacy and Counsel Elizabeth Sullivan posted initial analysis of the Community Development Financial Institution (CDFI Certification Application on CUNA’s Compliance Community. While it will take weeks to dig into the complete details, Sullivan notes that the application changes appear to be ultimately positive.
November jobs report gives ‘mixed messages’

Dec 11, 2023 | cuinsight.com | Randall Smith |Seth Brickman |Chris Corse |Jeff Rendel

New data from the Bureau of Labor Statistics revealed 199,000 jobs were added in November. Gains in October remained the same and September was revised down 35,000. NAFCU Chief Economist and Vice President of Research Curt Long provided insights in a new Macro Data Flash report. “The November jobs report was one with mixed messages,” said Long. “The household survey was stronger than the establishment survey, resulting in the first drop in the unemployment rate since July.
AACUL, leagues, America’s Credit Unions will advance credit union movement

Dec 11, 2023 | cuinsight.com | Jim Nussle |Randall Smith |Seth Brickman |Chris Corse

It was great to meet with League leaders this week in Dana Point, Calif., for the American Association of Credit Union Leagues (AACUL) Winter Conference. As you can imagine, there was plenty to discuss. Thank you to the League presidents, chairs, and executives who shared their candid feedback, the challenges they are facing, and ideas on leveraging the expertise of our leaders and organizations to support credit unions in the best way possible.
Hiway Credit Union launches Hockey Kids4Kids, supports children with disabilities

Dec 11, 2023 | cuinsight.com | Phil Choi |Randall Smith |Seth Brickman |Chris Corse

Credit Union Spotlight, presented by CUInsight, features credit unions taking action and changing their local communities. Join us as we recognize and celebrate the important work these credit unions do to bring their mission to life. Sports are a wonderful way to bring people together, and one credit union in Minnesota found an innovative way to combine people’s love of hockey and serving their community.
Better branch ROI requires better equipped universal bankers

Dec 11, 2023 | cuinsight.com | Nathan Moore |Randall Smith |Seth Brickman |Chris Corse

Adding universal bankers to the branch staff is a trend that took off more than a decade ago. Yet banks and credit unions still struggle with limitations that keep them from making the most of the universal banker approach. At its core, a universal banker combines a teller role with a sales role. This hybrid job suits the consultative approach that many financial institutions favor, but it is a poor fit for the teller line that still exists in many branches.
In light of consumer loan losses, FICO’s time is over

Dec 11, 2023 | cuinsight.com | Seth Brickman |Chris Corse |Jeff Rendel |Mark Arnold

Of all the abnormal economic conditions we’re experiencing, the increase in consumer loan losses is what’s most perplexing in the eyes of Ent Credit Union’s Chief Revenue Office Bill Vogeney. In a recent CUManagement article, Vogeney says, after nearly four decades of lending experience in the credit union movement, he has never witnessed such a rapid rise in consumer credit losses in such a short period of time when the nation isn’t going through a recession or experiencing job losses.
The case for credit union-fintech partnerships

Dec 11, 2023 | cuinsight.com | Jeff Rendel |Mark Arnold |Cindy McGinness |Chris Corse

A partnership, in its simplest form, allows two parties to produce a result that is greater than the sum of what they could each do individually. Naturally, the partnerships with the strongest goal alignment tend to be the most successful. In the case of credit unions and fintechs, it just so happens that both are chasing the same ambition – growth. Something is standing in the way, however.
Here's where mortgage rates and home prices are heading, according to Zillow and Redfin

Dec 11, 2023 | cuinsight.com | Brenden Rearick |Randall Smith |Seth Brickman |Chris Corse

Some semblance of a buyer’s market in real estate could finally be on the way in 2024, bringing to a close a year of low inventory and record high prices. But don’t get too excited; it will likely be a slow change. That’s according to new housing market predictions from real estate companies Redfin and Zillow. Both are forecasting that buyers will see some improvements in terms of inventory and prices in 2024.