Jul 21, 2023
By Andy Roquet, Senior Executive Benefits Specialist CEOs must have all the same knowledge that has served the movement for decades—plus more. Credit unions are facing a difficult people problem, and it may not be the one that immediately comes to mind. While labor...
Jul 21, 2023
Card fraud is on the rise. As sophisticated fraudsters continue to find new and creative ways to attack unsuspecting account holders, it’s more important than ever to protect your financial institution and cardholders from potential losses. One of the newer forms of...
Jul 21, 2023
ATM skimming attacks continue to occur at alarming levels. In 2022, there were over 161,000 cards compromised and 2,730 separate financial institutions were affected due to skimming activity according to data from FICO. That number increased nearly five times from the...
Jul 21, 2023
When the Federal Reserve created Regulation II (Debit Card Interchange Fees and Routing), the implementing regulation for the Durbin Amendment in 2011, debit card issuers had to enable two unaffiliated networks on their cards. Technology and how people use their debit...
Jul 21, 2023
South Sioux City, NE – Siouxland Federal Credit Union and Midwest Community Credit Union are excited to announce their merger has received regulatory approval along with member approval by a majority vote of the Midwest Community Credit Union membership. The legal...
Jul 21, 2023
Thirty-seven (37) Nebraska credit union professionals and volunteers raised a record-setting $2,400 in support of CULAC, the PAC of Credit Unions, during its “$30 by the 30th” campaign. The campaign asked credit union supporters to donate $30 in the month of June to...
Jul 21, 2023
Credit union leaders from Nebraska went to Capitol Hill to visit with Nebraska’s Congressional Delegation in mid-July. Credit union representatives included Frank Wilber, President/CEO of Liberty First Credit Union representing District 1; Robin Larsen, President/CEO...
Jul 21, 2023
A letter to the editor penned by League President and CEO Scott Sullivan and published in the Omaha World Herald on June 23rd points out that interchange is the cost of keeping consumers’ data safe. The editorial was sent in response to the introduction of the Credit...
Jul 21, 2023
By CHERYL LAWSON, EVP of Compliance Review, JMFA Despite no new guidance from the CFPB, regulators are emphasizing the need to evaluate and review overdraft services. Is yours up to date with the latest advice? Will there be any overdraft legislation passed or CFPB...
Jul 21, 2023
Proactive risk management in uncertain times for credit unions From bank runs to unrealized losses, financial institutions in 2023 are facing growing risks to their deposit books and investment portfolios. And at the root of their problems are rising interest rates,...
Jul 21, 2023
Camp FHLB is officially open for our 2023 Regional Meetings. No archery experts here though. Instead of hunting and fishing, we’re focused on finance with badges to earn in everything from economics to balance sheets. Leave the sleeping bag at home. This one-day...
Jul 21, 2023
For over a decade, low Fed and prime rates have meant credit unions could maintain fixed loan rates without much squeeze on profit margins. Now, as these rates continue to rise, credit unions might consider incorporating a variable rate strategy into their portfolios....
Jul 21, 2023
MemberXP Where is your credit union on the path to creating a brand-defining member experience that engages members, creating both market-share and wallet-share? This self-assessment has 15 questions and takes about 5 minutes to complete. At the end you’ll get a...
Jul 21, 2023
Consumers are looking for greater convenience in payments, and digital wallets are clearly on the rise. For credit unions, the question is – How can you best capitalize on this opportunity, while supporting your members’ evolving payment needs? As traditional methods...
Jul 21, 2023
The NCUA joined several other banking agencies and released a Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts. According to the NCUA, the statement is a “principles-based resource for credit unions when engaging with commercial real...
Jul 21, 2023
Voters in Nebraska’s 2nd Congressional District may have a rematch in 2024 between incumbent Congressman Don Bacon and State Senator Tony Vargas. On July 7th. Vargas announced his campaign to run for Congress in Nebraska’s 2nd Congressional District. Vargas was...
Jul 21, 2023
The people in this country deserve more than a singular vision of what the American Dream should be. We all have different goals, and we ask to define our own ideas of a successful life. So it’s within these multitudes of dreams that we find a question to answer: how...
