THE 'tude

As the United States payment card industry moves away from magnetic-stripe credit and debit cards to ones that utilize EMV chips, it’s vital for consumers, businesses and credit unions to get up to speed on the new technology in the coming months.

With fewer than 50 days remaining before we hit the EMV liability shift deadline on Oct. 1, more and more credit unions are asking themselves what steps they should take to ensure the transition is as seamless as possible for their members.

For the second month in a row the number of mergers is up compared to last year.  The NCUA approved 27 mergers in June 2015, which is up from the 20 mergers in June of last year. 

With recent support from the Small Business Administration, credit unions now have the ability to increase their lending programs to small businesses.

During a recent update before a strategic planning session, a mid-sized credit union CEO revealed that his credit union’s mission and vision statements read like many others. The statements were something along the lines of being a financial services cooperative dedicated to its members’ well-being and seeking to become its members’ primary financial institution, with a focus on integrity, service, and community