ST. PETERSBURG, Fla.–If credit union employees are reporting they feel “exhausted,” or perhaps you are feeling similarly tired yourself, it may actually be something else you and they are feeing—“loneliness,” according to one leader who admitted it was an insight gained only after having once contemplated remaining in her closed garage with the car running and later realizing what is often expected of leaders is a “big fat lie.”
WASHINGTON—With debate swirling around whether any rules are even needed for incentive-based compensation plans in credit unions, one expert is predicting a wave of comment letters could push a final rule to at least a year away—and that’s only if the results of the November elections don’t table this matter for good.
LAKE FOREST, Ill.—The current “chaotic” state of deposit pricing could lead to increased fees for consumers, right at the same time Washington and financial regulators are zeroing in on those charges, one economist is suggesting.
LAHAINA, Hawaii—One year after a wildfire destroyed 2,200 homes, killed more than 100 people and nearly entirely wiped away this historic town on Maui, credit unions here are offering an update on the support they have provided to date—and the enormous challenges that continue to lie ahead as the Lahaina community looks to rebuild.
MADISON, Wis.—That credit unions are at risk of continuing to lose members to fintechs and even big banks is well known. Less well known is the key to changing that, according to one person—and that key is communication.
FRESNO, Calif.—As rising home prices and ongoing high interest rates continue to push the American Dream of owning a home further away from many younger would-be buyers, Noble Credit Union has introduced a 40-year mortgage that has quickly attracted borrower interest.
WASHINGTON—NCUA’s new incentive-based compensation proposal is another example of credit unions getting pulled into rulemaking that’s unnecessary for the movement, according to Carrie Hunt.
PLANO, Texas—Over the coming year credit unions must monitor the mismatch between loan and share growth to protect liquidity and place less pressure on gross margins, says one economist, who adds margins should continue to improve.
BIRMINGHAM, Ala.—Will Visa’s new “one-card concept” garner quick adoption? One payments expert is not sure, stating the solution might face the same, slower-than-expected consumer usage as did digital wallets following their initial release.
DETROIT— Credit union acquisitions of banks deals are getting bigger and bigger on both the buying and selling sides.
