No one would argue the COVID-19 pandemic hasn’t changed our industry.
THE 'tude
Perhaps it really did lead to some looks of astonishment and a few WTFs and we just didn’t notice behind all the medical masks, but one recently released survey meets all the requirements of a scary Halloween for credit unions. Or perhaps the survey is just a scary mask and behind it things aren't so frightening.
At its Oct. 15 meeting, the NCUA board proposed a new derivatives rule that greatly eases the prescriptive nature of the previous rule and credit unions’ burden for gaining authority.
A hodge podge of news items and other tidbits I found while packing away my International CU Day party paraphernalia.
Hapfy Mfernathunul Cerdit Umion Dah.
LendEDU recently published its fifth annual Student Loan Debt by School by State Report, a deep dive into student loan debt figures for the Class of 2019 at 475 U.S. colleges and universities, and the numbers are, unsurprisingly, bad.
The term “faster payments” is popping up more frequently – not just in payments-specific trade publications, but in the mainstream media as well – as discussions focus on the need to send money to consumers and businesses directly, accurately and quickly in the digital age.
If credit unions could count $1 toward their capital for every new survey announcing it has uncovered startling news the coronavirus pandemic has led to a surge in consumers using digital tools to access accounts rather than a branch, CUs would be paying out bonus dividends.
The NCUA and FDIC’s lack of diversity made CUToday’s headline news last week when a study uncovered the banking regulators had the least diverse workforces among federal financial regulators.
Some notes from around credit unions I dug up from the bottom of a box of medical face masks: