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Apr 15, 2024 | 
cuinsight.com | Linda Lafortune |Bryn C. Conway |Tracey Jackson
In today’s financial services industry technological advancements seem to dictate the rules of the game, and it is easy to get caught up in the whirlwind of emerging trends. The technology landscape is constantly evolving, presenting both challenges and opportunities. However, amidst the push for innovation, it is essential not to lose sight of the timeless value of personal interactions—the foundation of the industry we all hold so dear.
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Apr 15, 2024 | 
cuinsight.com | Bryn C. Conway |Tracey Jackson |John Goltz
This is the question I get asked every year when I schedule our pilgrimage to Chicago to experience Opening Day at Wrigley Field. At the surface level, it’s a logical question. Baseball is a seasonal sport. One of green grass, sunshine, shirt sleeves and basking in the glory of a warm day from your uncovered seats. Opening Day at the Friendly Confines has none of these characteristics.
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Apr 12, 2024 | 
cuinsight.com | Jim Nussle |Tracey Jackson |John Goltz |Nanci Wilson
It was a busy week engaging with policymakers in Washington, D.C., as our advocacy team met with members of the Federal Reserve Board—including Chair Jerome Powell—and the Federal Communications Commission (FCC). We’ve been very clear about our opposition to the Fed’s debit card interchange proposal, but we continue to emphasize the very real negative impacts in these meetings.
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Apr 12, 2024 | 
cuinsight.com | Jack Wayne Imes |Tracey Jackson |John Goltz
The financial services industry faced intense challenges in 2023, such as high interest rates, staffing shortages and liquidity, to name a few. To remain competitive, financial institutions were forced to increase deposit rates, sending more money out their doors to retain deposits, which had a dramatic impact on their net interest margin.
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Apr 12, 2024 | 
cuinsight.com | Seth Blank |Tracey Jackson |John Goltz |Nanci Wilson
While new requirements often elicit groans from busy bank marketers, the latest around email authentication from Google and Yahoo are crucial measures — not unnecessary burdens. As tempting as it may be to dismiss these sender requirements as just more red tape, ignoring them could directly impair a marketer’s ability to reliably deliver emails and drive campaign results. At the end of the day, a marketer’s top priority is to send messages and campaigns that their subscribers want to receive.
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Apr 12, 2024 | 
cuinsight.com | Nick Coleman |Tracey Jackson |John Goltz |Nanci Wilson
On Wednesday, April 10th, the Credit Unions for Kids National Advisory Board accepted the Founders Award on behalf of the credit union industry. The Founder’s Award is a highly prestigious award provided to a distinguished individual or organizations who have made amazing contributions to CMN Hospitals. These contributions positively impact and benefit member hospitals, including time, effort, talent, significant personal commitment, or a leadership role.
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Apr 12, 2024 | 
cuinsight.com | Tracey Jackson |John Goltz |Nanci Wilson |Lauren Culp
Lenders are continuously focused on new products to gain a competitive edge; but the unprecedented changes in interest rates over the past 18-24 months, coupled with consistently rising housing prices and tight inventory, has placed a renewed focus on home equity lending.
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Apr 12, 2024 | 
cuinsight.com | David Baumann |Tracey Jackson |John Goltz |Nanci Wilson
A critic of the credit union tax exemption predicted Thursday that Congress may take a close look at the benefit as they search for ways to pay for expiring tax cuts next year. Parts of the 2017 “Tax Cuts and Jobs Act” expire next year and “there’s going to be a rush to look under every [sofa] cushion” to pay for an extension of the cuts, Scott Hodge, president emeritus and senior policy advisor at the Tax Foundation, said in an interview with Washington Credit Union Daily.
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Apr 12, 2024 | 
cuinsight.com | Aly J. Yale |Tracey Jackson |John Goltz |Nanci Wilson
Inflation has been high for years now, and while it’s decreased quite a bit from its peak of 9.1% in June 2022, it’s still below the Federal Reserve’s target goal of 2%. To move the needle and curb spending further, the Fed has kept interest rates paused at a 23-year high at its last three meetings.
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Apr 12, 2024 | 
cuinsight.com | Tracey Jackson |John Goltz |Nanci Wilson |Lauren Culp
America’s Credit Unions wrote to several House and Senate committees this week in support of international credit union priorities as Congress considers funding for the U.S. Agency for International Development (USAID). America’s Credit Unions is a member of the World Council of Credit Unions (WOCCU).
