CUNA Mutual Group Chief Economist Rick predicts strong 2017

Credit unions will remain healthy during the next year, as memberships continue to grow, CUNA Mutual Group Chief Economist Steve Rick predicted Tuesday during the 2016 Virtual Discovery Conference. Based on recent trends, credit union membership is expected to increase 3.8 percent this year, slowing somewhat to 3.3 percent next year, Rick said. “Our membership […]

NCUA to repay U.S. Treasury balance due by Oct. 31

By Oct. 31, the National Credit Union Administration plans to fully repay the $1 billion outstanding balance on the agency’s borrowing line with the U.S. Treasury. When that payment is made, the Temporary Corporate Credit Union Stabilization Fund’s outstanding borrowings from the U.S. Treasury will be fully repaid. NCUA’s $6 billion borrowing line with the […]

Circuit Court to hear Oral Arguments in case challenging TCPA Order

Oral arguments in the case challenging the FCC’s July 2015 TCPA Order will be held Wednesday, Oct. 19. CUNA staff plans to attend the hearing that will be held at the D.C. Circuit Court of Appeals. CUNA has been closely following this case and filed a joint Amici Brief highlighting credit union concerns with the Order. Some of the specific consequences […]

Celebrate International Credit Union Day and promote the CU difference

International Credit Union (ICU) Day (Twitter #ICUDay) will be celebrated Thursday, a tradition dating back to 1948 when the third Thursday of October was set as a time to recognize and celebrate the achievements of the credit union movement. It’s also a perfect time to remind your members about all the services and benefits your credit union […]

NCUA projected budget released with significant increases for 2017

The NCUA is projecting an $8.2 million increase (2.8 percent) in its 2017 budget, as well as an additional $14 million for 2018, according to a proposed budget released late last week. The release comes less than two weeks before the agency’s Oct. 27 budget briefing, the first such meeting since 2008. Among the notable increases in […]

Ways CUs can connect with younger members in the digital realm

In a world rapidly transitioning to more and more forms of communication, digital platforms and emerging technology solutions are meant to connect members to credit unions — not build barriers. When communicating with your members digitally, it is important to be concise and direct. Similar to interpersonal relationships, you do not want to come across as overwhelming […]