MADISON, Wis.–While the perception (and often reality) is international policymaking bodies are little interested in the issues of concern to small organizations such as credit unions, there is actually some good news on that front, according to one person.
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OTTOWA, Canada–In Canada, the challenge of stressing the importance of “proportionality” in regulation comes with the added challenge that it’s not a battle at the national level, but instead a battle in 10 provinces and three territories, according to one person. And that may not even be the biggest looming threat in the country.
WASHINGTON–When it comes to international bodies such as the G20, it’s critical the world’s credit unions come together to appear as large as possible if they have any hope of helping the very smallest of their members, according to one person.
SYDNEY, Australia–In order to get regulators to really understand how overwhelming the burden of their combined rules and regulations have become, this country’s credit unions had to turn to the “death star.”
WASHINGTON–New World Council of Credit Unions President and CEO Elissa McCarter LaBorde got right to the point when it comes to a large, international body whose focus and policies may seem far removed from the comparably small global credit union community whose leaders seldom give it much attention.
MADISON, Wis.–A question often asked by credit union leaders–do diversity, equity, and inclusion (DEI) practices and policies affect CU performance?–now has not just an answer, but insights that reveal the best strategy involves using “bundles.”
SEATTLE—One CU is recommending every credit union look closely at where its loans are made geographically and model out the impact climate change could have on them. And perhaps also consider its own role in helping to mitigate the threats of a warming planet.
ATLANTA—As car prices continue to hit the gas, more than ever consumers are shopping by payment. What that means, according to one expert, is credit unions need to do a better job of getting the payment information in front of members.
BOISE, Idaho–Zoom Fatigue is the least of the threats from the new virtual environment, according to one expert, who says the much more dangerous fallout is the misunderstandings resulting from failures in “digital body language.”
KALAMAZOO, Mich.—It's probably too soon for credit unions to get involved in cryptocurrency, according to one compliance attorney, who says it’s best to let NCUA do the “heavy lifting” first before cooperatives put their toes into the digital currency market.