Industry News

It is that time of the week everyone, #HumanitarianHighlight day!! These credit unions have demonstrated their #CUdifference within their communities and we can't be more proud to share their experiences and inspirations with you all. If you went above and beyond for your community and want to be given a shout out, use the hashtag #HumanitarianHighlight to be featured on our page!  Collins Community Credit Union Do you know what’s the best thing about working for a credit union? Partaking in different event to help benefit those in need! Collins Community CU devoted their time in participating in the 2019 Fight…

Due diligence is the number one most important step any C-level executive has to complete in order to move forward with an agreement or contract with a third-party vendor. This process is crucial to any company, but one must be wise when going over all the legal obligations. Think of due diligence as a domino effect. If something goes wrong with any third-party vendor, what precautions should the company take to keep true of the due diligence? Or if a data breach happens, what would be the proper steps a CU must take in order to complete all the steps…

It's finally that time of the week, #HumanitarianHighlight day!! We love hearing about credit unions take the stand in helping out their community. It truly is an inspiration to see and witness their efforts in wanting to uplift those who are in tough situations. If your credit union would ever like to be in our future HH posts, use the #HumanitarianHighlight so we can see what amazing acts of kindness you all have done and please let us know if you have any questions or comments!!  Credit Union Association Of The Dakotas During the Sioux Falls Stampede Hockey Club game, Southeast…

In an article written by Richard Gallagher, CEO of Oak Tree Business Systems, Inc. exemplifies the true fundamentals of form integrations and credit union mergers. Ever wonder what the key is to surviving the credit union industry or what to do when any document changes occurs? Find out more by reading the full article on CEO Advisory.  "When credit unions merge, forms and disclosures integrate from under the umbrella of the surviving credit union. Even if the non-surviving credit union keeps the same name, forms will need to be addressed as they will now be a member of the surviving credit…

Hello everyone and happy Thursday!! This week's #HumanitarianHighlight is a special one and we are so excited to give these incredible credit unions a shout out for all the awesome work they have done in their community. If you went above and beyond for your community and want to be given a shout out, use the hashtag #HumanitarianHighlight to be featured on our page!  Dover Federal Credit Union Donated a gracious amount of $1,588.95 to help support the Green Beret Project. Starting off, the Green Beret Project was funded out of personal savings and amazing volunteers who saw the need to…

The classic saying, “Any press is good press” continues to become more and more false with the reliance on online reviews to influence patrons. With the emergence of more and more review sites, blogs, comment sections, etc., it is impossible to ignore online opinion when considering SEO and potential members. There are great benefits of reading reviews as a consumer. One can learn from real experience by verified customers about what to expect. The ultimate negative for businesses comes with the misuse of internet speech to express anger, which unfortunately occurs more often than good experience reviews (without review incentive).…

It's time for another #HumanitarianHighlight!! Need some inspiration to help end the week? Look no further, we wanted to give a shout out to these incredible credit unions who have done an impeccable job in creating a #CUdifference within their community. If your credit union would ever like to be in our future HH posts, use the #HumanitarianHighlight so we can see what amazing acts of kindness you all have done.  Heritage Federal Credit Union With some determination and spirit, HFCU set a night record for the highest total donations on a single night while volunteering at Ritzy’s Fantasy of Lights.…

A fascinating topic that we all love to talk about is disclosures. Disclosure regulations do change every so often, so credit unions must make sure that their small print is up to date. Making sure to follow along with which disclosure forms go with which account or making sure that all your staff is aware about the updates is imperative to the company. Mind that that compliance examiners are always monitoring which forms each credit unions are using.  "And remember, this is but one of many examples. Involve yourself with the credit union industry long enough and you find change to…

Hello everyone and welcome back to another #HumanitarianHighlight! Be sure to check out what each of these credit unions have done to create a #CUdifference. If you went above and beyond for your community and want to be given a shout out, use the hashtag #HumanitarianHighlight to be featured on our page!  Pelican State Credit Union   How incredible is this? The entire Pelican team got together to assemble teddy bears for the service project this year! All of the bears that were made, are going to be donated to Life of a Single Mom, which will then be gifted to children…

 Hello everyone and welcome back to another #HumanitarianHighlight! What better way to spend a Thursday, than to get inspired from the credit unions mentioned in this post?! If your credit union would ever like to be in our future HH posts, use the #HumanitarianHighlight so we can see what amazing acts of kindness you all have done.  Premier Source Credit Union  Being the magnificent credit union as they are, Premier Source CU donated $500 to the Juvenile Diabetes Research Foundation. JDRF is a nonprofit organization that funds type one diabetes research in an effort to advocate ways to better manage…