John Pettit

Spartanburg

Managing Editor at CUInsight.com

Managing Editor at https://t.co/xPk0zVIfWo

Articles

From "weird bank" to a calling: My journey to the credit union movement

2 months 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.
Banks’ tax hypocrisy will hurt Main Street, not credit unions

2 months ago | cuinsight.com | Jason Stverak |Greg Mesack |John Pettit |Alyssa Horwitz

Recently, the Independent Community Bankers of America (ICBA) urged Congress to end what it calls an “unwarranted tax subsidy” for credit unions. The demand is as predictable as it is outrageous. While bankers paint credit unions as freeloaders, they conveniently ignore how banks themselves exploit the tax code to avoid paying taxes. Let’s call this attack what it is: a blatant attempt to eliminate competition by punishing the very institutions that put consumers and communities first.
Carla Harris headlines an inspiring morning at #GAC2025

2 months ago | cuinsight.com | John Pettit |Greg Michlig |Lauren Culp

Carla Harris took the stage on Monday morning at #GAC2025, delivering an inspiring keynote based on her book, Lead to Win: How to Be a Powerful, Impactful, Influential Leader in Any Environment. She outlined the 8 keys to leading with authenticity and strategic influence:Authenticity: Harris reminded us that leadership begins with showing up as your authentic self. "Your authenticity is your distinct competitive advantage," she stated.
#GAC2025: Where CU advocacy takes center stage

2 months ago | cuinsight.com | John Pettit |Greg Michlig |Ken McCarthy |Patrick Conway

It's that time again. The 2025 Governmental Affairs Conference (GAC) is back, and if you’re serious about making an impact in the industry, you're probably one of the thousands of credit union professionals who have descended on Washington, D.C., to rally behind the movement and ensure CU voices are heard on Capitol Hill. This year’s theme is Together We Move — Moving with purpose. Moving with passion. Moving with strength.
CUInsight and DCUC launch Collaborators program to enhance credit union engagement

2 months ago | cuinsight.com | Greg Michlig |Ken McCarthy |John Pettit |Patrick Conway

CUInsight and the Defense Credit Union Council (DCUC) have partnered to introduce CUInsight Collaborators, a new offering that will bring exclusive, DCUC-specific industry insights, expert perspectives, and valuable resources directly to credit union professionals. This initiative enhances access to priority content, direct expert engagement, and curated updates, all tailored to highlight the unique expertise and solutions of each Collaborator.
Apple announces $500 billion US investment in bet 'on the future of American innovation'

2 months ago | finance.yahoo.com | John Pettit

Apple ( AAPL) announced Monday that it will spend and invest more than $500 billion in the US over the next four years, including plans to build a new manufacturing factory, double its advanced manufacturing fund, and hire 20,000 people. "We are bullish on the future of American innovation, and we're proud to build on our long-standing U.S. investments with this $500 billion commitment to our country's future," Apple CEO Tim Cook said in a statement.
The checking account wake-up call

2 months ago | bankingjournal.aba.com | John Pettit

By Mark GibsonCommon wisdom states that a banking relationship begins with a checking account. If that wisdom is true, a seismic shift is occurring in the banking industry. The vast majority of checking accounts are being opened by very large institutions. This has potentially large implications for future market share and revenue streams in the industry. Bank leaders benefit when they understand the checking account landscape and put proactive plans in place to reverse this trend.
Stability through uncertainty

2 months ago | linkedin.com | Jim Nussle |John Pettit

There’s a lot of uncertainty in Washington right now, with everything from the rulemaking process to the status of government funding up in the air. While there is a lot happening outside of our control, we can’t lose sight of what we can control, and that’s reaffirming the credit union difference at every possible opportunity. Credit unions need to be there for their members. And we are here for credit unions.
Consumer Sentiment Drops 9.8% Amid Fears of ‘Tariff-Induced Price Increases’ | PYMNTS.com

2 months ago | pymnts.com | John Pettit

By PYMNTS | February 21, 2025 | Concerns that tariffs will lead to higher prices drove a 9.8% decline in consumer sentiment in February, according to the University of Michigan’s Surveys of Consumers. Consumer sentiment saw a 9.8% month-over-month decline and a 15.9% year-over-year decline, according to the survey’s final results for February released Friday (Feb. 21).
CUInsight’s inaugural Advisory Council: A new era of collaboration and innovation

2 months ago | cuinsight.com | Greg Michlig |Ken McCarthy |John Pettit |Patrick Conway

CUInsight is proud to introduce the CUInsight Advisory Council, a dynamic group of 12 distinguished credit union professionals from across the United States. Representing a diverse range of institutions, roles, and expertise, these leaders will provide valuable perspectives to help shape CUInsight’s offerings, ensuring we continue to deliver impactful thought leadership, industry news, podcasts, and virtual education.