BIRMINGHAM, Ala.—Executive benefits have become an increasingly important piece of the hiring package, and that trend is only accelerating with the war for talent being felt by every employer, says Dennis Dollar.
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ALEXANDRIA, Va.–When credit unions merge, their respective net worth levels seem to play little role in deciding whether to pay out some of that capital to members as a result of the combination.
ALEXANDRIA, Va.–A review by CUToday.info of the last four months of disclosure forms filed with NCUA by credit unions that are merging reveals intriguing insights into who is being compensated as the result of mergers and for how much, which CUs have distributed net worth to members (in some cases there is no distribution even in cases where capital is north of 40%), and poignant tales from credit unions that say they see no path forward.
ABINGDOM, U.K.—The rise in ransomware attacks, and the mounting costs from recovering from an incident, should be all the motivation any credit unions needs to line up resources today to help them get back on their feet if they are victimized by hackers tomorrow, asserts one security expert.
LAS VEGAS—There’s a strong likelihood you are reading this on a device that already has malware installed on it and by the time you see a demand that ransom be paid to free up your data—if you ever see it at all—it may be weeks or months after that malware was installed.
LAS VEGAS–Two former NCUA Board chairmen, one of whom remains on the board, talked about what it took to get the new CUSO rule passed, what’s ahead next week with a vote on “service facilities,” the challenge with board members when it comes to being digital, why members are less “satisfied” with their CU, and more.
LAS VEGAS–One of the most successful professional football players of all time said he never would have made it to the Hall of Fame had it not been for a bully when he was a kid. And in that experience, he said, there is a lesson for anyone who is a leader--or wants to be.
LAS VEGAS–Credit unions and CUSOs are being told there are some terrific new opportunities for growth now available—such as generating new loan volume by partnering with companies such as Tesla and with numerous fintechs—but those opportunities come with risks and other issues CUs may not realize, according to a panel of experts here.
LAKE FOREST, Ill.—After earlier forecasting rates will begin to move up near year’s end, one economist has now outlined steps credit unions can take to protect their share of the more than $4 trillion in deposits at stake.
IRVINE, Calif.—Credit union lenders are optimistic about the growth for indirect auto lending in 2022 and are finding ways to stay close to dealers as they navigate through the pandemic. However, there are some concerns being voiced, especially over the length of loan terms and loan-to-value ratios.