Lynn Weirick

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Articles

The importance of succession planning in credit unions

Oct 17, 2024 | cuinsight.com | Lynn Weirick

Succession planning is essential for any organization, but it holds particular significance in credit unions. These member-owned institutions rely heavily on stable leadership to maintain trust and continuity. As credit unions face increasing competition and regulatory demands, having a well-thought-out plan for leadership transitions is key to long-term success. Succession planning involves more than just finding a replacement for the CEO or other executives.
Empowering our communities through financial education

Apr 3, 2024 | cuinsight.com | Robbie Young |Phil Seely |Paul Robert |Lynn Weirick

April marks an important observance: Financial Literacy Month. As credit unions, we recognize the critical role financial literacy plays in empowering individuals and communities to make informed financial decisions, fostering economic well-being and stability. Financial literacy is more than understanding how money works—it’s about learning how to manage financial resources effectively for financial security. It involves budgeting, investing, handling debt, and planning for the future.
How debit cards can empower the financial-wellbeing of underserved members

Apr 3, 2024 | cuinsight.com | Phil Seely |Paul Robert |Lynn Weirick |John Vardalas

Fourteen percent of U.S. households are underbanked according to the FDIC’s most recent National Survey of Unbanked and Underbanked Households. The FDIC describes the underbanked as those who use transaction and credit services outside their financial institutions. Credit unions seeking to bridge the gap can make use of a well-rounded debit program to help their underserved members build stronger financial health and make the most of account services available to them.
Four reasons your employees need a strong mission, vision, values

Apr 3, 2024 | cuinsight.com | Paul Robert |Randall Smith |Lynn Weirick |John Vardalas

“It goes without saying that no company, small or large, can succeed over the long run without engaged employees who believe in the mission and understand how to achieve it.” – Jack WelchIn our last article, we provided six reasons for creating a strong Mission, Vision, and Values at your credit union.
US job openings rise slightly; labor market steadily easing

Apr 2, 2024 | cuinsight.com | Lucia Mutikani |Lynn Weirick |John Vardalas |Randall Smith

U.S. job openings edged up in February, though labor market conditions are gradually easing in support of expectations that the Federal Reserve will start cutting interest rates by June. The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday showed there were 1.36 vacancies for every unemployed person in February, down from 1.43 in January. The decline in the vacancy-to-unemployment ratio reflected a spike in unemployment at the start of the year.
THINK 24 Speaker Spotlight: David Mattin

Apr 2, 2024 | cuinsight.com | Randall Smith |Lynn Weirick |John Vardalas

From the frontlines of trend analysis straight to Nashville’s stage, David Mattin is ready to demystify AI and the evolving customer experience at THINK 24. Internationally recognized for his expertise in emerging technologies, innovation, and social change, he’ll bring a forward-thinking perspective to this can’t-miss event.
What is CFPB Section 1033 and how will it affect financial institutions?

Apr 2, 2024 | cuinsight.com | Kristen Jason |Lynn Weirick |John Vardalas |Randall Smith

In October 2023, The Consumer Financial Protection Bureau (CFPB) proposed a groundbreaking rule, commonly referred to as Section 1033 or the Personal Financial Data Rights rule, which will impact how consumers interact with their personal financial data. This rule, rooted in the Dodd-Frank Act, is a cornerstone of the open banking movement, granting consumers unprecedented control over their financial data.
Create "easter eggs" on your credit union social media

Apr 2, 2024 | cuinsight.com | Sean Galli |Lynn Weirick |John Vardalas |Randall Smith

Easter egg hunts are always a blast. Whether you’re searching for carefully dyed eggs or plastic canisters with candy inside, the appeal is the same: you find something special in a normal environment. Unfortunately, your community financial institution’s social media often comes off as too “normal.” What you’d expect. Not attention-grabbing. It’s time to create some “easter eggs” on your community bank and credit union social media. It’s time to generate something special that attracts attention.
CFPB overdraft proposal will harm credit union members, should be withdrawn

Apr 2, 2024 | cuinsight.com | Lynn Weirick |John Vardalas |Randall Smith

America’s Credit Unions vehemently opposes the CFPB’s proposed rule on overdraft fees, as it will harm community-based credit unions and their members, the organization wrote to the CFPB Monday. The comments were sent in response to the CFPB’s proposal on overdraft services charged by financial institutions with more than $10 billion in assets.
Elevate your credit union's reach and impact

Apr 2, 2024 | cuinsight.com | Lynn Weirick |John Vardalas |Randall Smith |Dan Price

Step up your financial education game effortlessly — join hundreds of industry leaders who’ve already seen the difference that Zogo’s innovative and interactive approach can have on their business. The secret to Zogo’s educational philosophy is simple: Creating digitally-optimized, bite-sized lessons that deliver information in seconds, letting your members learn from anywhere.