New Free Resources from Tim Harrington of TEAM Resources

New! Free Resource

Digital Self-Audit Questionaire

We've added a new free resource!

Check out our Free Downloads page of the website. We recently added the Digital Self-Audit Questionnaire. You can use this useful tool in a variety of ways to find out how digital-ready you are to take on this challenging climate.

One way to do this is to distribute the questions to all of your participants ahead of time and have them bring their answers to your session. Then you can "calibrate" your scores and find out how synched your team is, where there is alignment and where there needs to be a discussion before action.

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TEAM Building from TEAM Resources

Now is NOT the time to

forgo developing your teams and creating a more trusting and interdependent group!

Your teams are under stress and operating under extraordinary circumstances. This is all the more reason to take a collective breath and make sure they have the tools they need to understand and count on each other. You can maintain morale and increase engagement. And yes, you can do this effectively with online tools! (And it's far better than building towers out of straws and masking tape.)

We are endorsed by Paradigm Personality Labs to use the WorkPlace Big 5 Model of assessments to give team members a better understanding of each other and of how the group can interact under any circumstances.

Coming Soon:

The May Blog: How to Spot a Board in Trouble
New Board Governance Video Series episodes
Expanded online training content and videos, including options for understanding credit union financials (one of Tim's particular specialties)

While you wait, check out our most recent Board Governance Video:

How are you Adapting?

SEE MORE

Tim Harrington, CPA

CEO, TEAM Resources

Kevin Smith

Consultant/Publisher, TEAM Resources

www.forteamresources.com

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More Consumers Turning to Digital Wallets to Manage Finances

BOSTON — Consumers facing financial pressure are increasingly turning to digital wallets not only for convenience, but also as a way to better manage their household finances, according to a new report from PYMNTS Intelligence . The report, titled “ The New Checkout: Crimped Consumers Lean Into Online Retail and Digital Wallets, ” is based on a survey of 2,108 U.S. adults and found digital wallet adoption is growing fastest among younger consumers and those experiencing financial stress. According to PYMNTS Intelligence, digital wallets are evolving beyond simple payment tools by offering features such as buy now, pay later options, real-time balance information and spending management tools that help consumers monitor their finances. Source: PYMNTS Intelligence Among consumers experiencing high financial stress, 28% said they used a digital wallet for their most recent retail purchase, compared with 11% of consumers reporting low financial stress. For grocery purchases, 21% of financi...

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Coffee Consumption Guidance

Most adults can safely drink up to five 8-ounce cups of black coffee per day, and regular consumption may improve cardiovascular health, the American Heart Association said yesterday. An analysis of recent studies suggests that consuming about 400 milligrams of caffeine daily may lower the risk of Type 2 diabetes, stroke, heart disease, and heart failure. However, because most research is observational, scientists are still unsure why caffeine may benefit heart health. Some studies suggest antioxidants in coffee help reduce inflammation, indicating not all caffeine sources offer the same effects. Synthetic caffeine products, such as energy drinks, have been linked to a higher risk of high blood pressure and irregular heart rhythms. Coffee's benefits also diminish when sugar and high-fat creamers are added. Brewing methods may matter, too. Cardiovascular benefits have been linked most strongly to paper-filtered or instant coffee. Unfilter...

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Unemployment 101

Unemployment 101 For millions of Americans , the prospect of becoming unemployed is a persistent source of financial anxiety. The US unemployment rate, or the percentage of people in the labor force who are actively looking for work but aren't currently employed, has long been considered an economic bellwether. Many economists agree that a rate between 4% and 5% is considered healthy. As of June 2026, the US unemployment rate was 4.2%. > Learn how the unemployment rate is calculated. ( More ) > The US Bureau of Labor Statistics' monthly jobs report tracks the unemployment rate and more. ( More ) Americans who are unemployed for up to 26 weeks ...

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New GDP Data is ‘Positive,’ Clouds Clearing, Says NAFCU Economist

WASHINGTON–Although discussion and forecasts continue to focus on a recession in the U.S. economy, economic growth remained solid at the end of 2022, according to new federal data. Curt Long The Commerce Department said U.S. gross domestic product, adjusted for inflation, increased at an annual rate of 2.9% in the fourth quarter of 2022, down slightly from a 3.2% growth rate in the Q3. Consumer spending grew at a 2.1% rate, according to the Commerce Department data, which will be revised at a later date. “The big picture view of economic growth in the fourth quarter is a positive one,” said NAFCU Chief Economist and VP-Research Curt Long. “Much of that grow...

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Fed Chair Says Inflation To Hang Around a Bit Longer; New Beige Book Data Show Why

WASHINGTON–The chairman of the Federal Reserve told the House the current increase in inflation is temporary, although it will remain elevated in the months ahead before moderating. Fed Chairman Jay Powell’s comments before Congress came on the same day the Fed released its Beige Book analysis, which found an economy showing increasing strength, but also suffering shortages of many materials and manpower. During his testimony before House Financial Services Committee as part of his semiannual monetary policy report to Congress, which he will repeat today before the Senate, Powell said asset valuations have generally risen as the economy has improved and investor risk appetite has grown. “Household balance sheets are, on average, quite strong, business leverage has been declining from high levels, and the institutions at the core of the financial system remain resilient,” Powell said. What About Inflation? As for inflation, which is of conce...

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NAFCU Asks NCUA Cease Using Orman Material

NAFCU has asked that NCUA stop using material from controversial consumer advocate Suze Orman after Orman launched a prepaid debit card program that has the potential to hurt credit unions. **** Read More ; NAFCU Asks NCUA Cease Using Orman Material :

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Inflation Cools in June Report, But One CU Economist Says There’s One Reason–And it Could Change

WASHINGTON — U.S. consumer inflation cooled more than expected in June, offering relief after several months of elevated price pressures, though economists cautioned the improvement could prove temporary as renewed geopolitical tensions threaten to push energy prices higher. The Consumer Price Index fell 0.4% in June on a seasonally adjusted basis, the largest monthly decline since April 2020, after rising 0.5% in May, according to data released Tuesday by the Bureau of Labor Statistics . Compared with a year earlier, consumer prices rose 3.5%, down from 4.2% in May. Foot off the Gas Dawit Kebede “Falling gas prices led June’s decline and pulled headline inflation lower year-over-year. Renewed hostilities could complicate the energy picture ahead, and a reversal in gasoline costs would be the most likely channel for that pressure to show up,” said America’s Credit Unions Senior Economist Dawit Kebede. “But softening core prices point to broader-based moderation, suggesting the ea...

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