Millennials going into debt to keep up with peers

Millennials are a generation that drops acronyms into almost every sentence. And one popular term, FOMO, or fear of missing out, is creating rising debt. It’s the same “keeping up with the Jones” sentiment that has caused overspending in many generations, and a survey by Credit Karma shows 39 percent of millennials says they’ve spent […]

SAS Conference planned for Mobile in May

The Small Asset Size (SAS) Credit Union Conference  planned for May 15 in Mobile, AL, is designed for credit unions under $50 million in assets but may also be appropriate for credit unions under $100 million in assets. SAS Conferences provide insightful information on topics most important to smaller credit unions right now as well […]

CU Happenings – April 20, 2018

Friends of the Navy-Marine Corps Relief Society, Inc. presented $40k to local society The Friends of the Navy-Marine Corps Relief Society, Inc., a 501(c)(3) organization facilitated by Pen Air Federal Credit Union, presented a check in the amount of $40,000 to the Navy-Marine Corps Relief Society of Pensacola. A presentation was held at the 18th […]

NCUA Board meets, approves two rules

The National Credit Union Administration Board held its fourth open meeting of 2018 at the agency’s headquarters today and unanimously approved two items: A final rule reducing regulatory burdens on federally insured credit unions with assets of $10 billion or greater by removing certain current capital planning and stress testing requirements. A final rule revising […]

JMFA says complacency can be costly with overdrafts programs

Jim Griffis, a regional director for John M. Floyd & Associates (JMFA), writes about the importance of keeping pace with changes in overdraft strategies: There are myriad reasons why organizations fall behind when it comes to updating their products or improving existing services. Regulatory uncertainty, budgetary constraints, insufficient staffing, technology concerns, outdated business philosophies and […]