As the credit union industry waits to see what direction the NCUA board will head now that the two new members have taken their oaths of office, I believe the recent swearing-in ceremonies of each provides a good insight on what to expect.
THE 'tude
Admit it. You’re kinda lucky. Your credit union has no competition.
As consumers’ dynamic needs continue to perpetually evolve, financial institutions have strong incentives to be the first movers in offering the latest and greatest technological products and services.
We now know NCUA’s examiners missed an alleged $40-million embezzlement that lasted nearly two decades, as detailed here last week.
For credit unions across the country, providing unparalleled member experiences is a top priority year-over-year.
At first, it just seems like some incredible, edge-of-the-seat crime thriller you might find on Netflix—the CEO of a relatively tiny, obscure financial institution is living on the edge with a secret, invisible life that includes private jets, a gambling habit, luxury cars and more.
As person-to-person (P2P) payments become table stakes, perhaps you’re asking, “Is now the time to jump on the P2P band wagon? Do we risk falling behind if we ignore these digital payments?”
March is the month of women.
When CUNA’s GAC is in town, the only thing you’re more likely to trip over in Washington than a congressman sucking up to a CU audience is a CU audience being told how important it is to tell the “credit union story.”
Earlier this month, I had the good fortune of attending CUNA’s Governmental Affairs Conference (GAC) in Washington.