LAKE FOREST, Ill.—As state governments, Washington and consumer groups focus on checking account pricing and overdraft fees, which type of banking institution is the least transparent with these charges?
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SAN ANTONIO—The most important thing credit unions can know right now? Knowing what’s important to their members, according to SWBC.
SCOTTSDALE, Ariz.—A move made by the Federal Reserve in late 2022 means it’s time many credit unions redesign their checking accounts to keep interchange revenue flowing at current levels, according to one analyst, who says the issue is especially acute for smaller institutions.
TAMPA, Fla.—Credit unions are moving quickly in what has become a fast-paced financial services world, but Trellance suggests the industry might be better served by slowing down—a little—with CU leaders further advised to try to join their own credit unions sometime.
ARLINGTON, Va.—A new overdraft rule in California could bring more compliance burden to credit unions in this state, and may also mark the beginning of a greater focus on overall fee revenue at financial institutions, NAFCU is suggesting.
LAKE FOREST, Ill.—A new overdraft law has gone into effect in California that could impact credit union OD pricing, and possibly make some CUs targets for consumer groups, says one expert who adds a similar rule could be adopted in other states.
ALEXANDRIA, Va.–“Government” and “innovation” may be two words not often found in the same sentence, but NCUA Board Member Rodney Hood believes there is now reason to believe the two are compatible, following the creation of the agency’s new Office of Financial Technology and Access.
RALEIGH, N.C.—The path to Maurice Smith’s credit union career began in the middle of a North Carolina potato field when he was 12—and facing a difficult life question from his father.
LAS VEGAS–A CEO who began his career during one crisis and who managed his credit union through another at the end of his tenure says the one takeaway those events have in common is they underpin what financial cooperatives mean for so many people.
ALLEN, Texas—One credit union has implemented a new training program it says is not only helping to retain current staff in a highly competitive jobs environment, but also attracting new employees.