MADISON, Wis.—Borrowing before loan rates get even higher, and spending are squarely on the minds of many consumers right now, and that combination is leading to a liquidity crunch and ALM pressures for many credit unions, according to one CU economist, who is offering some advice on how best to respond.
PALM DESERT, Calif.–To really know how to create an innovative culture at a credit union, it’s important to understand “horses’ butts.” And that’s important, because times of chaos such as the current environment are ripe with opportunities, according to one expert, who shared strategies for driving change inside credit unions.
HELENA, Mont.—Tracie Kenyon is not certain what’s ahead for credit union leagues, but she knows there’s still room for state-level associations that want to remain independent and serving CUs in their current boundaries.
SEATAC, Wash.—Will the large credit union leagues and associations just get larger?
LAKE FOREST, Ill.—The overdraft guidance issued by the CFPB last week should not have credit unions panicking—yet—over the future of their OD programs, says one expert, who is emphasizing the guidance issued is just that, guidance.
ST. LOUIS–Just in time for Halloween, a new survey reveals what Americans think about the supernatural, their experiences with the paranormal and whether they have ever lived in or would buy a haunted house.
LVIV, Ukraine–Amid blaring air raid sirens, a credit union CEO and the former president of the World Council of Credit Unions have returned safely to Poland after helping to personally deliver to a children’s hospital here an ambulance that was funded by credit unions and individuals in the United States. And all in response to the damage caused by the person that same CEO calls "the devil."
ST. PETERSBURG, Fla.—All the positive things credit unions attempt to do in fighting fraud, including remaining friendly and reducing transaction friction, could lead to a negative—those steps can help pave the way for crooks, one expert is saying.
LAS VEGAS–Credit unions that believe buy now, pay later (BNPL) solutions are victimizing consumers by trapping them in doubt may be surprised to learn BNPL providers believe it’s just the opposite—it’s card issuers like credit unions that are incentivizing their members to get in debt and stay there.
LAS VEGAS–Still dismissing fintechs? Those CUs that have played down or even dismissed the warnings over the threats to their member relationships as presented by financial technology companies will want to take a hard look at the trade show of one conference here, which is five times the size of the largest event in the U.S. credit union community and which is wall to wall with companies eager to put the “disintermediate” in member “disintermediation.”
