Resources Blog

In President Joe Biden’s State of the Union address on February 7, he called on Congress to crack down on “junk fees.” He defined the term in his address as “those hidden surcharges too many companies use to make you pay more.” Among those attributed to this murky category were charges related to overdraft services.

Few people get excited about basic banking, however, credit unions can augment mundane banking functions with unique lifestyle-based banking features.

For over 100 years, credit unions have played a crucial role in the financial ecosystem by providing members with access to affordable loans.

The concept of liquidity plays a crucial and important role in the stability of financial institutions. However, with great importance comes inherent risk. The concern over liquidity risk has grown for credit unions, prompting the need for closer examination due to the present financial climate. Enter Liquidity Stress Testing.

What if credit unions came together under one umbrella to consolidate their item processing to achieve benefits that would not be available to them individually?

In an age where financial transactions are increasingly digitalized, credit unions play a vital role in safeguarding the finances of their members and themselves. As we mark Cybersecurity Awareness Month, it’s an opportune time to emphasize the pivotal role of cybersecurity best practices. Let’s explore the key tips you must adopt in order to protect members and your own operations.

For credit unions, it’s no secret that technology is transforming our industry. We all know how important the digital experience is for serving our members, attracting new members, and staying competitive with banks and other financial services competitors. Simply put, technology helps us serve people better – and artificial intelligence (AI) is poised to revolutionize how we do that.

If you are in need of liquidity or simply looking for a secondary liquidity source, look no further than SimpliCD Issuance. Primary Financial, the custodian of the SimpliCD program, is a credit union owned entity created to serve credit unions.

Battling cybercrime in the financial services industry can be downright scary. Threat actors are continuously evolving new phishing or ransomware campaigns on banks and credit unions. Human error remains the number-one attack vector—often an unsuspecting employee who unwittingly gives a scammer the keys to your credit union.

The financial industry has witnessed a transformation with embedded insurance. This new digital approach seamlessly integrates insurance coverage into various consumer touch points. Embedded insurance has emerged as a game-changer for loan payment insurance, offering benefits to both lenders and borrowers.