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1 month ago | 
cuinsight.com | Nick Olexa |Jason Stverak |Greg Mesack |John Pettit
I grew up in a small Michigan community, just outside a well-known city home to a world-class university. Our town had two national banks on Main Street, several doors down from each other. Over the years, a few regional and community banks also opened their doors on the fringes of town. Regardless of their size or location, every single one of these financial institutions has since changed ownership or rebranded through merger or acquisition.
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2 months ago | 
cuinsight.com | Ken McCarthy |John Pettit |Patrick Conway |Greg Mesack
The addition of a couple of large players to the Philadelphia banking market has forced legacy credit unions and banks in the region to double down with branches. Glenn Grau, EVP of Sales at branch design firm PWCampbell in Pittsburgh, told Tyfone he is seeing a lot of building activity in the Philadelphia market, especially with community banks and credit unions. So what’s driving the move to more brick and mortar? “I think it is about growth,” Grau said.
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Jan 14, 2025 | 
cuinsight.com | Caroline Willard |Jim Nussle |Anthony Hernandez |Greg Mesack
Kicking off a new year always fills me with hope and renewed energy. That’s especially true this year, as our movement steels itself for skirmishes big and small. Given all the legislative and regulatory challenges that credit unions are facing, we need to be vigilant not to allow fragmentation or infighting to creep in. The solution lies in reinforcing and leveraging the unified advocacy machine that has been meticulously built over decades.
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Jan 7, 2025 | 
cuinsight.com | Todd Spiczenski |Jim Nussle |Greg Mesack |Trey Hawkins
March ushers in America’s Credit Unions’ Governmental Affairs Conference (GAC), a transformative event set to drive progress and innovation across the credit union industry. Leaders, policymakers, advocates, and vendors from around the country will come together to tackle urgent challenges, share forward-thinking strategies, and champion financial well-being for communities nationwide. Taking place March 2–6 at the Walter E.
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Dec 6, 2024 | 
cuinsight.com | Greg Mesack |Erin Coleman |Greg Neumann |Jim Nussle
It can be uncharacteristically quiet in the nation’s capital during the post-election “lame duck” session before the end of the year. Even more so after a presidential election, when most eyes are on next year, the next Congress, the next assignment in the next administration. Both chambers of Congress and their committees will look different next year. Retirements, administration appointments, and filling those vacancies mean new leaders and new staff.
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Aug 27, 2024 | 
cuinsight.com | Greg Mesack
Credit unions face a growing tidal wave of fraud costs. In fact, you’d be hard-pressed to find anyone involved in the financial services marketplace that isn’t looking for a solution to combat both fraud and the rising costs of fighting it. A recent bill introduced in both Chambers of Congress claims to tackle this problem. However, it instead threatens to upend the financial services marketplace as we know it, with community institutions like credit unions—and the people they serve—hardest hit.
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Dec 26, 2023 | 
cuinsight.com | Lauren Culp |Mark Arnold |Jim Nussle |Greg Mesack
As 2023 draws to a close, we at CUInsight remain both inspired and grateful for the many amazing humans in the credit union world. So many of the thought leaders in our industry contribute content to CUInsight, and we share a heartfelt thank you to each and every one of them for gifting us with their insights, calls to action, and words of wisdom. We’d also be remiss if we didn’t thank you: our audience who turns to CUInsight daily as The Place for All Things Credit Union.
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Dec 20, 2023 | 
cuinsight.com | Joshua Barclay |Greg Mesack |Nicolle Hood |Joman Kwong
Credit union loans outstanding increased 0.4% in October, compared to a 0.5% increase in September of 2023 and a 1.2% increase in October of 2022, according to CUNA’s latest Monthly Credit Union Estimates. Home equity loans led loan growth during the month, rising 3.4%, followed by credit card loans (1.3%), adjustable-rate mortgages (1.2%), unsecured personal loans (1.1%), other mortgage loans (0.09%), and used auto loans (0.2%).
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Dec 20, 2023 | 
cuinsight.com | Greg Mesack |Joshua Barclay |Nicolle Hood |Joman Kwong
NAFCU and other financial services trade groups sent a joint letter to the U.S Senate on Tuesday opposing Sen. Jack Reed’s, D-R.I., Predatory Lending Elimination Act. The legislation would impose a limitation to fees and interest charged on consumer loans through an all-in national rate cap of 36 percent, preventing lenders the ability to appropriately assess borrower risk.
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Dec 20, 2023 | 
cuinsight.com | Steve Cocheo |Joshua Barclay |Greg Mesack |Nicolle Hood
Navy Federal Credit Union went live on the Real Time Payments Network in early November and on its first full day received over $2.7 million in real-time deposits, setting a network record. Adding Navy Federal to the network is strategic to The Clearing House, the private-sector group that runs several payments systems, including the RTP Network, according to Elena Whisler, chief client officer at TCH. The reason is its sheer size and its profile.
