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Dec 19, 2024 | 
cuinsight.com | Steven Rick
As we look ahead to 2025, the economic landscape presents a mixed but cautiously optimistic picture. Although overall growth is expected to be moderate, with a 2% gross domestic product (GDP) increase—slightly lower than the 2.4% growth this year—there are several key trends and economic factors to consider.
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Dec 27, 2023 | 
cuinsight.com | Molly Lehrsch |Lauren Culp |Miriam Ackerman |Steven Rick
Recent conversations with CEOs and top People leadership echo similar sentiment – an unsettled relationship with employees, overwhelmed HR teams, and a need to improve efficiencies while finding cost savings. Trying to address these challenges is a heavy lift, but many HR teams are also trying to balance other important priorities like manager development, workplace culture, employee communication, and the rapid business changes impacting employees too.
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Dec 27, 2023 | 
cuinsight.com | Miriam Ackerman |Lauren Culp |Steven Rick |Jim Bouchard
In today’s increasingly purpose-driven world, consumers are looking to do business with organizations that share their values and make a positive impact on the community. For credit unions, which have a long history of social responsibility and member focus, this presents a unique opportunity to differentiate themselves from traditional banks and attract new members.
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Dec 26, 2023 | 
cuinsight.com | Lauren Culp |David Baumann |Steven Rick |Jim Bouchard
Although the timetable has slipped, Senate Majority Leader Charles Schumer, D-N.Y., said Wednesday that marijuana banking legislation remains a priority for enactment next year. But in an end-of-year speech on the Senate floor, Schumer delivered a stern warning about the political climate on Capitol Hill. “Without bipartisanship, we will not get anything done,” he said. Schumer went on to blame the Republican-controlled House for blocking major legislation. The Senate Banking Committee approved S.
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Dec 26, 2023 | 
cuinsight.com | Jim Marous |Lauren Culp |Steven Rick |Jim Bouchard
Author: Jim Marous (The Financial Brand)Date: July 5, 2023Executive summary: Inside his new book, “Rewired: The McKinsey Guide to Outcompeting in the Age of Digital and AI,” Eric Lamarre and his co-author took a deep dive into the digital transformation and AI imperatives that every banker should be keeping an eye on.
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Dec 26, 2023 | 
cuinsight.com | Lauren Culp |Atm Usa |Steven Rick |Jim Bouchard
Whether you own / operate a small lobby ATM or a large fleet of bank-grade ATMs, your machine(s) needs periodic, preventive maintenance – just like your car. ATMs collect dust over time, and human interactions with card readers and keypads can transfer dirt, grime, and oil from hands onto the machine. Ink and oil residues from cash, which soil rubber parts in the bill pathways, can build up over time.
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Dec 26, 2023 | 
cuinsight.com | Lauren Culp |Taras Nohas |Steven Rick
It’s interesting the response you get when you ask whether a board conducts director assessments. Some say, “Why bother? We never use the results anyway.” Others have a well-established process and use the information gathered in different ways. Board assessments can uncover performance gaps that could be holding the organization back. The central purpose of the board evaluation is to continuously improve directors’ ability to govern effectively.
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Dec 26, 2023 | 
cuinsight.com | Lauren Culp |Steven Rick |Jim Bouchard |Armstrong Speakers
After wrapping up some end-of-year work, including passing the National Defense Authorization Act, both chambers are in recess until 2024. In addition, the Senate confirmed Tanya Otsuka to the NCUA Board prior to the year-end recess. Otsuka will replace NCUA Board member Rodney Hood, who termed out in August. Otsuka’s term on the NCUA Board will run through Aug. 2, 2029. NAFCU will remain engaged on credit union priorities during the recess.
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Dec 26, 2023 | 
cuinsight.com | Lauren Culp |Steven Rick |Jim Bouchard |Armstrong Speakers
Thank you for tuning in to episode 73 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight. In The CUInsight Network, we take a deeper dive with the thought leaders who support the credit union community. We discuss issues and challenges facing credit unions and identify best practices to learn and grow together. My guest on today’s show is Joshua Barclay, Growth Marketing Manager at CRMNEXT. Joshua shares his career journey that led him to his current role.
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Dec 26, 2023 | 
cuinsight.com | Steven Rick |Jim Bouchard |Armstrong Speakers |Heather McKissick
Recent economic and market data tells us 2024 will bring slow but steady economic growth and possible interest rate reductions. The Fed will continue to battle inflation with a balanced approach to interest rates in hopes of staving off a recession and bringing inflation rates to an acceptable standard. Presently, the effective federal funds rate stands at 5.35%, with projections suggesting a marginal drop in the summer of 2024.
