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Sep 20, 2024 | 
cuinsight.com | Lorraine Ranalli
Nary a day goes by when we are not presented with an article or discussion about artificial intelligence. Early adopters tout it as a game changing must-have, while resisters fear for their jobs and livelihoods. The former make great arguments for the use of AI in just about every aspect of life. The latter cautions against rapid adoption, also presenting logical arguments. Then there are those in between who basically advise to proceed with caution. On this all three can agree, AI is here to stay.
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Feb 16, 2024 | 
cuinsight.com | Jim Nussle |Gigi Hyland |Lorraine Ranalli |Linda Lafortune
The attacks on legitimate financial services that many Americans rely on to make ends meet aren’t going away. As policymakers consider misguided proposals and rules under the guise of consumer protection, we need you to help set the record straight. Programs such as overdraft protection are seen as a financial lifeline should things get tight for everyday Americans across the country.
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Feb 16, 2024 | 
cuinsight.com | Chip Filson |Jim Nussle |Gigi Hyland |Lorraine Ranalli
“Democracy Dies in Darkness.”That is the official slogan of The Washington Post, adopted in 2017. The slogan was introduced on the newspaper’s website on February 22, 2017. The phrase was popularized by investigative journalist Bob Woodward, who used it in a 2007 piece criticizing government secrecy.
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Feb 16, 2024 | 
cuinsight.com | Myles Udland |Jim Nussle |Gigi Hyland |Lorraine Ranalli
US consumers raised their optimism about the US economy for the third straight month in February to cap a week that offered investors a complicated picture.
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Feb 16, 2024 | 
cuinsight.com | Steve Cocheo |Jim Nussle |Gigi Hyland |Lorraine Ranalli
Credit score “migration” isn’t a new phenomenon. Scores for individual consumers rise and fall by definition. If someone gets behind on a loan, that counts against their score. If they apply for a lot of credit cards, that’s a hit, too. Keeping current on an account helps keep the score up. The credit score system has been a basic of consumer credit for decades now, and the age of mobile phone apps for tracking scores has only heightened consumers’ own attention to these numbers.
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Feb 16, 2024 | 
cuinsight.com | Lorraine Ranalli |Bo McDonald |Jim Nussle |Gigi Hyland
Loan demand was strong last year. Deposits were elusive. But that’s not news to you. That was the overall story for most credit unions in 2023. For more than 10 years, we have collected and compiled quarterly call report data from our clients to look for trends and anticipate strategic shifts needed to remain competitive. Reviewing the data for last year, I’m not sure I could be more proud of what they’ve accomplished for their credit unions and their members. 1.
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Feb 16, 2024 | 
cuinsight.com | Jason Vitug |Jim Nussle |Gigi Hyland |Lorraine Ranalli
Community Development Financial Institutions, often called CDFIs, are the unsung heroes of financial empowerment and community growth. This guide will delve into what CDFIs are, who they serve, their benefits, how they help people, and where to find them. CDFIs are specialized financial institutions dedicated to providing affordable financial services to underserved communities.
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Feb 16, 2024 | 
cuinsight.com | Jim Nussle |Gigi Hyland |Lorraine Ranalli |Linda Lafortune
America’s Credit Unions President/CEO Jim Nussle urged the House Financial Services Subcommittee on Financial Institutions and Monetary Policy to ensure credit unions continue to have access to liquidity via multiple channels in a letter sent ahead of the subcommittee’s hearing on the Federal Reserve’s emergency lending.
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Feb 16, 2024 | 
cuinsight.com | Jim Nussle |Gigi Hyland |Lorraine Ranalli |Linda Lafortune
Credit unions will never apologize for putting people over profit. For-profit financial institutions are responsible to their shareholders, our industry is committed to—and responsible for—Americans reaching financial freedom. The Community Reinvestment Act (CRA) was created to protect minority and low-income communities from the damage done by redlining and other discriminatory practices from banks.
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Feb 16, 2024 | 
cuinsight.com | Gigi Hyland |Lorraine Ranalli |Linda Lafortune |John Pettit
As the Foundation team talks with credit unions about financial well-being for all, the single, recurring question we get is, “So, how do we actually ‘do’ financial well-being for all?”Folks understand that financial well-being for all is a long-term strategy requiring its team to commit, assess, plan, and act to improve the financial health of employees’ and members’ lives.
