EDWARDSVILLE, Ill.—Following the Federal Reserve’s 50-basis-point rate cut in response to coronavirus’ threat to the economy, credit union ALCO committees and senior management are huddling across the country, discussing actions to take now and in the near future to keep their CUs performing.
CINCINNATI—Could leasing surpass 40% of new car sales in the coming years? One leasing expert contends it’s possible.
MADISON, Wis.—Depending on how long the threat continues to grow, the coronavirus and fears around a global pandemic could push the country toward a recession few credit unions have planned for, according to economists who are urging financial institutions not to pull back on lending and worsen the situation.
ATLANTA—With the auto market expected to be flat or down this year compared to 2019, one expert is contending that how well credit unions fare will depend on how well they embrace digital in the space, especially as banks are demonstrating some real progress.
LAKE FOREST, Ill.— It’s Leap Day tomorrow, those extra 24 hours in February that arrive in most years divisible by four. But the day is more than just a calendar quirk—it also creates some financial dilemmas, the experts say.
SPRINGFIELD, Va.—While African-Americans are making progress in advancing to more leadership positions within credit unions, there is still much more “work to be done,” according to Lynette Smith.
WASHINGTON–Credit unions share two things in common with every other employer in the country: They are very much looking to attract and retain the very best people who genuinely care—and they are going about it in the completely wrong way.
WASHINGTON–Three people were recognized here with the U.S. credit union movement’s highest honor, and they in turn extolled their fellow CU leaders to not forget how many members still live payday to payday, to make serious commitments to inspiring others, and to hire a new generation who will carry on the passion.
WASHINGTON–In a city known more than ever for divisiveness, one person who has met many of the world’s leading political figures told credit union leaders they would be best served asking themselves if they wanted to be moths, or would their legacies be that of torch bearers? A single word will make the difference, he added.
WASHINGTON–The largest gathering of credit unions in the country will kick off this weekend when CUNA hosts its annual Governmental Affairs Conference (GAC). Approximately 5,000 people are expected for the meeting at the Washington Convention Center.
