CUSO Magazine

For decades, mortgage innovation has focused primarily on interest rates, underwriting, servicing, and digitization. Far less attention has been paid to one of the most fundamental risks homeowners face: putting a large percentage of their net worth into a single, undiversified asset in a single local housing market. That concentration has consequences not only for consumers, but also for mortgage lenders.

The NCUA published proposed changes to the 5300 Call Report on Friday, mainly focusing on adding Stablecoin account reporting. Following the passing of the GENIUS Act last year, which enabled credit unions to begin working with Stablecoin and Stablecoin issuers, it seemed likely that the NCUA would create some form of tracking that usage.

The “Cybersecurity Reckoning” refers to the point in time when AI’s ability to find flaws and bugs in our systems and defenses significantly outpaces how quickly any human could find and fix them. When that happens (though according to experts, it already has), companies and organizations will need to reckon with their outdated defenses.

Somewhere out there is a credit union website with forty menu items, a homepage that scrolls for what feels like a full minute, and a “quick links” section that is neither quick nor a small number of links. And somewhere else is a credit union website with three pages total, no mention of what a HELOC actually is, and a phone number as the only path to information. Both of these are the same mistake wearing different outfits.

The CEO Made the Decision. Who Changed It? The credit union CEO is sitting in an executive update meeting, listening to the team explain where an important initiative stands. The status report is reasonable. The decisions along the way seem reasonable. The team is confident as they walk through what they’ve accomplished to date. And yet, something is off. So, the CEO asks a few questions, hoping the answers will provide some clarification—and maybe make that feeling go away. They don’t. “Wait.

The National Credit Union Administration’s newest board member and chairman John Crews is settling into the job, and America’s Credit Unions (ACU) has some recommendations on what the NCUA should be prioritizing for the near future. The advocacy group published a letter to the chairman detailing seven areas the NCUA should be focusing its efforts.

If you read my last article, you have realized that there is no such thing as a perfect hire, but hopefully you have invested in the process and found yourself hiring someone great. But hiring is just the first step for management. Now, what you can do to ensure the hire is a great one is invest in their onboarding and training. Here are my top eight steps to ensure that you have a successful onboarding experience. 1.

Cybersecurity is a massive industry, generating between $212 billion and $302 billion per year—and for good reason. For every moment of every day, cybercriminals are working tirelessly to bypass our defenses and gain access to our data, money, software, accounts, and more.

A while back, a coworker of mine wrote an article discussing the differences between credit unions and banks, and which is better. Well, I may be a little biased with my opinion since I have been in the credit union business for almost a quarter of a century, but this topic got me thinking—specifically, about the terminology differences between the two.

This week, America’s Credit Unions and its political PAC announced they would be supporting five pro-credit union representatives in the upcoming House election in November with political advertising campaigns. As part of ACU’s bipartisan approach, the chosen candidates are a fairly even mix of political parties, with three of the candidates being Democrats and two Republicans, and they represent four different states.