CU Strategic Planning’s Post

Passing the CDFI Fund Transparency Act (HR 3161) can help the CDFI Fund, credit unions and other stakeholders better understand compliance and other matters involving the CDFI Fund. Read more about the bill and our position here: https://loom.ly/rF5UBuI #creditunions #CDFIs #CDFI #transparency

✅ We're back with our savings series and today we're breaking down a CD. Certificates of deposit are a great way to make the most of your money but there's a catch. Learn more: cnb.cx/3AqS8TB #cnbcselect #cnbc #personalfinance #cd #CDaccounts #whatsaCD #whatsavingsaccountshouldihave #savingsaccounts

We're CDFI credit unions' Easy Button! We do the heavy liftining so you don't have to, but we love what we do and THAT's what makes it easy. Learn more: https://loom.ly/FlDwS8c #creditunions #CDFIs #CUDifference #TestimonialTuesday

Diversify your community associations’ deposit portfolio with CDARS, which offer increased FDIC coverage for up to $50 million dollars. This service works to maximize your returns by placing your funds across multiple banks, all while working only with us, a bank you can trust. Learn more about the benefits of CDARS today and take your associations’ banking to the next level: https://bit.ly/3YeZpiF #CommunityAssociations #HOABanking #HOAManagement

Back in 2019 1st Advantage Federal Credit Union was facing a dilemma many #FinancialInstitutions are facing today - the need to #Upgrade their #ATMFleet. Rather than #SpendCapital on new #ATMs, they turned to ATM USA LLC and #ATMOutsourcing. #SaveMoney #EliminateCompliance #StopUpgradingATMs #ATMManagement #ATMServices #ATMAsAService #OffPremiseATMs #BankAtWork #Bank #CreditUnion #Cash #ATMUSA

Back in 2019 1st Advantage Federal Credit Union was facing a dilemma many #FinancialInstitutions are facing today - the need to #Upgrade their #ATMFleet. Rather than #SpendCapital on new #ATMs, they turned to ATM USA LLC and #ATMOutsourcing. #SaveMoney #EliminateCompliance #StopUpgradingATMs #ATMManagement #ATMServices #ATMAsAService #OffPremiseATMs #BankAtWork #Bank #CreditUnion #Cash #ATMUSA

The only way to manage cash crisis in FGN is to enforce the present limits with BVN across all banks. This is possible. It has been done before for fx transactions to prevent dubious customers from withdrawing from multiple banks. IF NOT, a limit of 500k per individual account will continue to amount to 3m for those with 6 bank accounts and so on...

Hear from our CEO!

I’ll go into this in more depth in my weekly memo, but the FDIC’s vaunted plans for GSIB resolutions -- see Gruenberg speech yesterday (https://bit.ly/4aNmQmg) -- leaves so many critical questions unanswered as to make it still more likely that a GSIB or even just a large bank facing stress would ignite systemic risk. And, even if the FDIC were prepared for big-bank stress – it isn’t – there’s nothing constructive said re what it would do if a nonbank or FMU faltered. Fourteen years and counting since Congress gave the FDIC the tools to prevent more bailouts. #GSIB, #FDIC, #nonbank, #FMU, #banks #Gruenberg, #systemicrisk

Back in 2019 1st Advantage Federal Credit Union was facing a dilemma many #FinancialInstitutions are facing today - the need to #Upgrade their #ATMFleet. Rather than #SpendCapital on new #ATMs, they turned to ATM USA LLC and #ATMOutsourcing. #SaveMoney #EliminateCompliance #StopUpgradingATMs #ATMManagement #ATMServices #ATMAsAService #OffPremiseATMs #BankAtWork #Bank #CreditUnion #Cash #ATMUSA