Matt Saefkow

Apr 10, 2024 | cuinsight.com | Jill Nowacki |Asha Connors |Eric Marcus |Matt Saefkow

The CFPB’s proposed annual collection of auto loan data points is beyond the bureau’s statutory authority, America’s Credit Unions and other trade organizations wrote to leaders of the Senate Banking and House Financial Services Committees Tuesday. The CFPB requested approval from the Office of Management and Budget in January to expand a pilot program to more than 4,000 auto lenders that make at least 20,000 auto loans per year.

Apr 10, 2024 | cuinsight.com | Jill Nowacki |Asha Connors |Eric Marcus |Matt Saefkow

An email from Scott* when he was notified he would not be considered as my client’s next President/CEO:Jill, I’ll be interested to see the candidate you select as my experience in retail banking is extensive. My background is diverse in retail sales, customer experience, strategy, finance, and risk. I am currently responsible for over $2 Billion in portfolio assets, not to mention lending investments with assets under management exceeding $100 Million.

Apr 10, 2024 | cuinsight.com | Eric Marcus |Matt Saefkow |Jimese Harkley |Asha Connors

The “Great Resignation” may be over, but the talent gap in the credit union industry persists. While there may be a larger pool of applicants, finding the right fit with the specific skills and experience your credit union needs remains a challenge. Traditional hiring can be time-consuming and expensive, especially for niche tech positions. Recruiting top tech talent often requires offering competitive salaries and benefits, which can strain credit union budgets.

Apr 10, 2024 | cuinsight.com | Eric Marcus |Matt Saefkow |Jimese Harkley |Paul Kundert

Loan portfolio management requires a keen understanding of various factors that impact returns. Yet far too often, credit union boards and decision-makers focus primarily on only one element: charge-offs. While loan losses are certainly important, another critical, but often underestimated element that can have as much, if not more, of an impact on returns is prepayments.

Apr 9, 2024 | cuinsight.com | Matt Saefkow |Jimese Harkley |Paul Kundert |Lauren Culp

It takes hard work and practice to be financially fit. A professional baseball player attends spring training to prepare for the long season ahead. And there are things you can do this time of year to prepare financially for the year ahead. A good goal is exciting and can make your life better. Financially speaking, maybe it’s to buy a house, pay for school, or retire early. Or something as simple as embarking on your dream vacation.