Sep 16, 2022
As we approach the month of October, recognized as National Cybersecurity Awareness Month, it is important also to acknowledge another milestone worth remembering. This September marks the fifth anniversary of the now famous Equifax data breach that impacted hundreds...
Sep 16, 2022
In late 2019, the Credit Union National Association (CUNA) created a website called Credit Unions: Advancing Communities where credit unions could tell their story by uploading impactful member stories. Each state has its own page on the website where a member, a...
Sep 16, 2022
They say many hands make light work, but I tend to disagree. Sure, when lugging groceries from the trunk to the kitchen, an extra set of hands is appreciated. But otherwise, the inverse relationship between number-of-hands and size-of-workload seems somewhat moot in...
Sep 16, 2022
The Santa Letter Campaign information has gone out to credit unions this week. If you did not receive the information or have questions about the campaign, please contact Amy Shaw, ashaw@nebrcul.org. Santa Letters are sold for $3 in branches starting now up until...
Sep 16, 2022
Join us for the 2022 NCUL Virtual Compliance Conference. Our featured speakers include experts from ViClarity and CUNA Mutual Group. Please register separately for each session you plan on attending. The cost is $40 per session and invoices will go out after the...
Sep 16, 2022
S.4674, the Credit Card Competition Act of 2022 introduced by Senators Durbin and Marshall appears to be a solution in search of a problem. The act, if passed, would impose price caps on the amount merchants can be charged when choosing to utilize credit card networks...
Sep 16, 2022
The Nebraska Credit union League and credit union advocates continue to meet face-to-face with candidates running for the Nebraska Legislature and Congress leading up to the November 8th General Election. The visits are an opportunity to educate candidates on the...
Sep 16, 2022
Inflation remains hot, and the Federal Reserve pushes forward on its mission to tame inflation. With the most recent 75-basis-point increase in the key overnight rate, the Federal Reserve brought the benchmark rate to the 2.25%-2.50% range. Unfortunately, on the heels...
Sep 16, 2022
By MaryAnne Colucci, Director of Fraud and Risk, Envisant Consumer reports of fraud losses to the FTC increased by 70% from 2020 to 2021 (FTC). Technology is the power behind many of these fraud attacks. According to a survey by ID Insight and About-Fraud, 65% of...
Sep 16, 2022
For years the League has encouraged Nebraska lawmakers to reject any bank attempts to share the land lease arrangement between the Department of Defense and credit unions. We have, and continue, to work closely with Congressman Don Bacon a member of the House Armed...
Sep 16, 2022
The application period is now open for credit union young professionals to be a “Crasher” during the 2023 CUNA Government Affairs Conference in Washington D.C. The application deadline is December 2nd. Crash the GAC is a creation of the Filene Research Institute and...
Sep 16, 2022
Activating new credit cards is a very common practice that today is pretty simple and easy, but just a few years ago, activating a new card you received in the mail wasn’t all that convenient. At the time, options were limited. You would have to call your credit union...
Sep 16, 2022
By Angela Russell, CUNA Mutual Group Chief Diversity Officer Multicultural business strategy is essential if credit unions are to remain relevant to an increasingly diverse marketplace. Over the last five years, multicultural consumers accounted for 61 percent of...
Sep 16, 2022
CECL. It’s a four-letter word that fills credit union officials with dread. It’s an accounting standard that few people understand that was issued by an accounting board nobody ever heard of. And like a pesky animal eating your petunias, all efforts to get rid of it...
Sep 16, 2022
The buy now, pay later (BNPL) industry grew rapidly during the pandemic, but borrowers may have received uneven disclosures and protections, according to a new CFPB report. Five firms surveyed in the report originated 180 million loans totaling over $24 billion in...
Sep 16, 2022
What is Amazon Business? Whether shopping for home or work, people value Amazon for its convenience, selection, and value. But credit unions have different needs than individual buyers. That’s why we created Amazon Business – to combine the selection, convenience, and...
