Low-Income Credit Unions: Scam or No Scam

The NCUA lit this bonfire when in early May it tweaked the criteria for a credit union to win designation as a low-income credit union. That matters because an LICU gains significant flexibility in how it can do business, notably it can accept deposits from any source and gain exemption from aggregate loan limits on […]

CU 2.0 Podcast 91 Sherif Hassan Capiform on Smarter Lending Now

credit union podcast

How could we build a lending tool that anybody could use? That is the driving thought that led Sherif Hassan to form fintech Capiform and the timing could not be better. That’s because, with the Covid-19 pandemic and the ensuing recession, suddenly credit unions are awash with savings deposits (as investors flee equity markets) and they also […]

CU 2.0 Podcast Episode 82 Jon Ogden MX on the Future of Banking

credit union podcast

Does your credit union have a future? There’s the blunt question. Welcome to the CU2.0 Podcast with your host Robert McGarvey. Today’s guest Jon Ogden, head of strategic content at digital firm MX which has recently released two provocative reports, The Ultimate Guide to the Future of Banking and the Ultimate Guide to Digital Transformation. Read them, they […]

CU 2.0 Podcast Episode 81 Keith Leggett and Bank-Credit Union Mergers

credit union podcast

When a credit union buys a community bank is that dancing with the devil? Welcome to the CU2.0 podcast with your host Robert McGarvey. Today’s guest Keith Leggett, now retired Chief Economist with the American Bankers Association who still actively writes his blog, Credit Union Watch. The topic of the talk: bank – credit union mergers. […]

CU 2.0 Podcast Episode 80 Scott Petry Authentic8 on the Tower of Babel in Many FIs

credit union podcast

They just don’t talk well together. That’s the surprising conclusion in a report entitled “Surprising Disconnect Over Compliance and Secure Web Use at Financial Firms,” research sponsored by IT security company Authentic8. (Download the report here.) Inside many banks and credit unions IT, compliance, and legal just don’t talk the same language and often do not […]