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Apr 19, 2024 | 
cuinsight.com | John Pettit |Jennifer Wagner |Jordan Freudenberg |Seth Brickman
Financial education classes aren’t required for high school students to get a diploma in the U.S. for several reasons—all of them really dumb. Here are a few:Standards aren’t standard: High school curricula are often packed with required courses in basic subjects like math, science, English, and history. There’s not a lot of room for other subjects, and financial education may not always be seen as a priority compared to these core subjects.
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Apr 19, 2024 | 
cuinsight.com | Jordan Freudenberg |Jennifer Wagner |John Pettit |Seth Brickman
Over 75% of Americans are financially anxious, which could be due in part to a rising trend of poor financial literacy. Research indicates that while 59% of Baby Boomers meet the criteria for financial literacy, only 36% of Gen Z achieve similar benchmarks. While credit unions have a history of excelling at financial education, integrating financial education into your content creation can build better brand awareness and deepen member relationships.
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Apr 19, 2024 | 
cuinsight.com | Jennifer Wagner |John Pettit |Seth Brickman |Jeff Mortenson
People helping people is a cornerstone of the Credit Union Movement. It’s no surprise that generations after Great Depression-era workers first pooled their financial resources to stand up the credit union model, their families are financially stronger. They have their own homes. They run small businesses. They pursue higher education and other financial ideals. Still, the need is great for financial education to help people navigate their daily lives.
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Apr 18, 2024 | 
cuinsight.com | John Pettit |Seth Brickman |Jeff Mortenson |Kerala Taylor
Perhaps what you wanted to do with your undergraduate degree hasn’t panned out quite as you’d hoped, or maybe you’ve planned all along to continue your education. That’s completely understandable—between the 2020 pandemic and the current housing crisis, times have been tough, especially for young adults. Earning an advanced degree is a great way to increase your earning power—or pivot to another industry entirely—but funding it can seem difficult.
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Apr 18, 2024 | 
cuinsight.com | John Pettit |Seth Brickman |Jeff Mortenson |Kerala Taylor
As guardians of sensitive cardmember and account data, credit unions running a credit card program must monitor cybersecurity trends closely to protect their cardmembers. Cybercriminals continue to evolve their methods, and fraud reports and losses continue to climb. Current attack methods to be aware of:Recent Artificial Intelligence (AI) developments, like ChatGPT, have made phishing attempts much more effective.
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Apr 18, 2024 | 
cuinsight.com | John Pettit |Seth Brickman |Jeff Mortenson |Kerala Taylor
No one likes to be blindsided by change—perhaps least of all when it affects finances. Regulations—though typically meant to improve circumstances—can be disruptive without the proper prep, foresight, and collaboration. With bias and misleading headlines scattered across the web bent on picking facts that support their statements, having committees and personnel dedicated to preserving unbiased reports and supporting banks and consumers is critical.
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Apr 18, 2024 | 
cuinsight.com | John Pettit |Seth Brickman |Jeff Mortenson |Kerala Taylor
Battered by economic challenges, today’s financial consumers are being forced to reevaluate their spending and saving habits. Fewer consumers are feeling financially secure, with nearly half of all surveyed living paycheck to paycheck. Despite this difficult terrain, many—if not most—credit unions know what they need to do to succeed. They recognize that a deep understanding of their members’ financial needs and concerns is key to earning their trust, deposits and daily transactions.
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Apr 18, 2024 | 
cuinsight.com | Bo McDonald |John Pettit |Seth Brickman |Jeff Mortenson
I am flying solo for this episode and am diving deep into a powerful email that hit my inbox. Join me as I unpack the wisdom it holds and its implications for leadership, culture, and tough conversations. As a leader wearing multiple hats, from president of a marketing company to serving on various boards, I often find myself navigating the delicate balance of nurturing a healthy culture while addressing challenging behaviors.
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Apr 18, 2024 | 
cuinsight.com | John Pettit |Seth Brickman |Jeff Mortenson |Kerala Taylor
U.S. existing home sales fell in March as higher interest rates and house prices sidelined buyers from the market. Home sales dropped 4.3% last month to a seasonally adjusted annual rate of 4.19 million units, the National Association of Realtors said on Thursday. Economists polled by Reuters had forecast home resales slipping to a rate of 4.20 million units. Sales fell in the densely populated South, the Midwest, which is considered the most affordable region, and the West.
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Apr 18, 2024 | 
cuinsight.com | John Pettit |Seth Brickman |Jeff Mortenson |Kerala Taylor
Draft data privacy legislation addresses several areas of interest for America’s Credit Unions, but it falls short of addressing many credit union concerns, President/CEO Jim Nussle wrote to a House Energy and Commerce subcommittee. The letter was sent ahead of a hearing on the legislation unveiled last week.
