LAKE FOREST, Ill.—Credit unions are ramping up their investments in technology personnel while they are reducing their focus on executives whose expertise is risk, according to a new study that reveals how the “secret sauce” at banks and CUs differs.
LAS VEGAS—One credit union whose membership has been hit particularly hard by the pandemic-induced economic crisis says it's still “wait and see” whether big cuts will need to be made to keep the CU in business.
IRVINE, Calif.—Rising new car prices should not be a major factor in ramping up delinquencies that are expected to climb later this year, according to an automotive industry analyst who said rock-bottom rates and longer terms will help keep payments level for borrowers.
WASHINGTON–Bipartisanship in Congress? It may surprise many in credit unions–and America–that not only is there a core group in the House many haven’t heard of that is dedicated to bipartisan work and “getting things done,” they have actually been doing it.
ST. PETERSBURG, Fla.—It's time to “operationalize” diversity, equity and inclusion (DEI) efforts within the credit union, says Lynn Heckler, explaining that means DEI must be integrated within all of the organization’s processes and procedures.
GARBERVILLE, Calif.—Countless credit unions, their members and their staff are scrambling to deal with the devastation of widespread wildfires across Northern California and the Pacific Northwest that have killed dozens of people, destroyed millions of acres of land, covered branches in ash, and left many—including CU employees—without homes.
CHICAGO–The “existential” challenge facing many credit unions today is similar to that Dave Mooney faced when he took over at Alliant Credit Union as CEO. Seventeen years later, with Mooney retiring, he is offering some lessons learned and advice for other CU leaders looking to not just survive, but to grow and prosper as Alliant CU has.
ATLANTA–Credit unions are being urged to pay attention to additional collateral value risk as used prices remain high and dealers stock more pre-owned vehicles. The recommendation comes as dealers have moved quickly to respond to the pandemic, while at the same time two earlier predictions have yet to occur.
WASHINGTON—There is only one way for credit unions to effectively increase efforts around diversity, equity and inclusion, according to Dr. Samira Salem: education.
SYRACUSE, N.Y.—Credit unions must pay attention to how they will to transition members from forbearance to payment again, cautions one analyst who says an effective plan will help stem loan losses.
