FROM OUR PARTNERS: Research: Expectations & Concerns Drive Borrower Behaviors

By Erika Romenesko, Strategy Manager, Lending Member Experience, TruStageTM Money matters are top of mind for a lot of people today. Clickable economic headlines, charismatic financial influencers and the rising costs of nearly everything are definitely contributing to consumers’ increased financial anxiety. Worry often sparks action. Indeed, new research from TruStageTM indicates that consumers are […]

2023 Q4 Quarterly Report

The figures in the latest quarterly report of Call Report data, focusing on Utah credit unions, show that, generally, Utah credit unions had a good year compared to the rest of the country, although there are signs of increasing consumer stress. The following numbers are taken from the first page of the report:   US […]

2024 Utah Legislative Session Recap

The 2024 Utah Legislative Session ended on March 1, with several bills arising in the last few weeks that required amendment in order to be workable for Utah’s credit unions. HB 572, State Treasurer Investment Amendments, took some work. The bill’s purpose was to grease the wheels of funding for attainable housing. Under the bill, […]

Utah’s Credit Unions Meet with Federal Delegation

Previous Next Last week Utah’s credit unions met with all six members of Utah’s federal delegation during America’s Credit Union’s annual Governmental Affairs Conference (GAC). About 35 professionals from 10 credit unions and the Association met with Congressmembers in rooms in the Capitol and Capitol Visitor’s Center. The location made it possible to meet with all members of the […]

The Utah Credit Union Association invites you to join it for @Lunch Networking 

Starting in April, the Utah Credit Union Association will expand efforts to gather credit union professionals for a series of round tables focused on distinct operational areas.  Association President/CEO Scott Simpson: “People who come from banks to credit unions are almost always impressed our industry’s collaborative spirit. Getting together to share ideas and help solve […]

California and Nevada Credit Union Leagues and Utah Credit Union Association Form Alliance

(Top) Scott Simpson, President and CEO of Utah’s Credit Unions; (bottom) Diana Dykstra, President and CEO of the California and Nevada Credit Union Leagues.

LAS VEGAS, Feb. 28, 2024 – The California and Nevada Credit Union Leagues, together with the Utah Credit Union Association, announced today they have entered into an agreement to form a joint association support services organization. While each state entity will maintain governance of their respective advocacy operations, non- advocacy related services and back-office functions […]

Leveraging 3 strategic frameworks to shape your 2024 strategic planning  

By Steve Heusuk, Director of Competitive and Market Intelligence, and Adam Leslie, Director of Strategic and Business Planning at TruStageTM  As we step into the new year, the industry is met with an elevated volume of new developments and trends that are accelerating at breathtaking speeds. Credit unions find themselves navigating a landscape shaped by […]

FROM OUR PARTNERS: 2024 U.S. economic outlook and its impact on credit unions

By Steve Rick, Chief Economist for TruStageTM Recent economic and market data tells us 2024 will bring slow but steady economic growth and possible interest rate reductions. The Fed will continue to battle inflation with a balanced approach to interest rates in hopes of staving off a recession and bringing inflation rates to an acceptable […]

FROM OUR PARTNERS: How embedded finance is shaping financial services

By Abbie Rodriguez, Senior Vice President Lender Experience for TruStageTM The term embedded finance gets thrown around a lot. But what does it really mean? A simple definition might look something like this: the opportunity to integrate financial products and services right into the customer experience, at the point of need. In reality, it’s not […]