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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.
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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.
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Apr 9, 2024 | 
cuinsight.com | Matt Saefkow |Jimese Harkley |Paul Kundert |Lauren Culp
Let’s talk regulatory compliance. Governing bodies are cracking down on ancillary product refunds and more. Allied’s Peter Krall joins us to dissect the regulations and discuss how financial institutions can keep their borrowers protected. In this episode…[:27] Meet Peter Krall[4:20] What is Product Refund Liability? continue reading »
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Apr 9, 2024 | 
cuinsight.com | Vic Pantea |Matt Saefkow |Jimese Harkley |Paul Kundert
If your credit union is federally insured, have you been paying attention to recent statements coming from NCUA Chairman Harper? The February board meeting included a report on the 2023 year-end financials for the NCUSIF and a very healthy report it was. Total assets now exceed $21 B. The really good news was that there were only three credit union failures that resulted in losses to the fund of $1.4 M.
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Apr 9, 2024 | 
cuinsight.com | David Baumann |Matt Saefkow |Jimese Harkley |Paul Kundert
Senate Majority Leader Charles Schumer, D-N.Y., said on Friday that he wants the Senate to tackle marijuana banking legislation during the next few months.
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Apr 9, 2024 | 
cuinsight.com | Justin Estes |Matt Saefkow |Jimese Harkley |Paul Kundert
In today’s rapidly evolving commercial banking landscape, community banks and credit unions face many challenges and opportunities as they strive to meet their business clients’ changing needs and expectations. To shed light on the latest trends and strategies for success, The Financial Brand’s Jim Marous was joined by two industry experts from Alkami Technology on the Banking Transformed podcast: Jacob Leick, director of product management and Mandy Lopez, lead product manager.
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Apr 9, 2024 | 
cuinsight.com | Frank Allgood |Matt Saefkow |Jimese Harkley |Paul Kundert
When a credit union leader says they want to do a short run on a campaign, my initial response is, “Are we swimming or treading water?” Unfortunately, too many credit unions are only looking to dip their toe in the water. Let me explain. As someone who lives in the Carolinas, I’m very aware that FanDuel and DraftKings have arrived in North Carolina.
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Apr 9, 2024 | 
cuinsight.com | Matt Saefkow |Jimese Harkley |Paul Kundert |Lauren Culp
Resolutions to nullify the CFPB’s credit card late fees rule via the Congressional Review Act (CRA) were introduced in the Senate by Sen. Tim Scott, R-S.C., and Rep. Andy Barr, R-Ky., Monday. America’s Credit Unions supports the resolutions as it strongly opposes the rule from the CFPB, which caps credit card late fees at $8. The CFPB’s misguided final rule on credit card fees clearly demonstrates a misunderstanding on how credit cards work.
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Apr 9, 2024 | 
cuinsight.com | Matt Saefkow |Jimese Harkley |Paul Kundert |Lauren Culp
As a whole, people are more distracted than ever. A study in 2004 measured the average attention on a screen to be 2 ½ minutes. Some years later it was found to be 75 seconds while in 2023 it diminished further to an average of 47 seconds.[1]A lot of time has been spent talking with leaders about how to break through the noise and earn just a few minutes of their members’ attention.
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Apr 9, 2024 | 
cuinsight.com | Jimese Harkley |Paul Kundert |Lauren Culp |Sydney Isabelle Mayer
Isaac Newton is said to have said, “Tact is the knack of making a point without making an enemy.” With this statement, Newton, famous for inventing calculus and for his work on forces during the 1600s, seems to have been well ahead of his time in understanding emotional intelligence.
