The House and Senate have both adjourned for their August in-district work period. While your Members of Congress are back in the district, we urge you and your staff to engage with them on three key priorities demonstrating the credit union difference. • NDAA: Urge your Members to oppose Section 2821 of the Senate NDAA [...]
The people helping people philosophy is clearly at work in a new pilot program, the Minority Depository Institution (MDI) Mentoring Pilot, offered by the NCUA. The program provides opportunity for strong and experienced credit unions to provide guidance to small MDI credit unions to increase their ability to serve low-income and underserved populations. This innovative [...]
This year marks the 10-year anniversary of the virtual Discovery Conference where innovation experts, industry thought leaders, and credit union executives come together for a full-day experience. The sole purpose of the conference? Helping credit unions prepare for their upcoming 2020 strategic planning. This year’s agenda is packed with dynamic speakers and valuable content. Tom [...]
By Ron Jennings, Executive Vice President, John M. Floyd & Associates As technology, regulations and consumer preferences continue to morph at a rapid speed, it’s essential for your service offerings to keep pace. Does your overdraft program have what it takes to continually meet these ever-changing demands? Amazon did it when they went from shipping [...]
Shortly after Federal Reserve Chairman Jerome Powell cut interest rates by a quarter of a point, the U.S. dollar reached its highest level in more than two years. The announcement of the cut comes just days after the Department of Commerce’s Bureau of Economic Analysis (BEA) revealed personal income increased $83.6 billion (0.4 percent) in [...]
Information about how NCUA examines for liquidity and interest-rate risks will be covered in an Aug. 14 webinar hosted by the agency. Registration is open for the webinar, “Liquidity and Interest-Rate Risk Management,”which will begin at 2 p.m. ET and run approximately one hour. Liquidity and interest-rate risks are supervisory priorities for the NCUA in 2019. [...]