Credit Union Industry News & Updates

The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.

WHAT’S GOING ON AT CREDIT UNIONS?

Request for Information Regarding Enhancing and Streamlining Data Collection From Credit Unions

AGENCY: National Credit Union Administration. ACTION: Notice; request for information. SUMMARY: The National Credit Union Administration (NCUA) is issuing this request for information (RFI) on opportunities to enhance and streamline NCUA's data collections....

Bank Conversions and Mergers, Subpart C-Merger of Insured Credit Unions Into Banks

( printed page 21391) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the merger of insured credit unions into banks. The Board proposes to eliminate certain prescriptive procedural,...

Sharing is Daring – NACUSO

By Nate AndersonPresident & CEOrekindle The Control Conundrum My local community hosts a Tuesday night “running group.” They run together, then go out for drinks and food afterward. Every week they do this.  I’ve known about this group for over a year and have yet to...

Guidelines for Safeguarding Member Information

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to remove Appendix A to part 748, guidelines for safeguarding member information, from the Code of Federal Regulations (CFR). Appendix A was issued to satisfy the NCUA's...

Supervisory Committee Audits and Verifications

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board is proposing to amend its regulations governing supervisory committee audits to eliminate unnecessary, redundant, and overly prescriptive provisions. This action is necessary to reduce...

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As a Premier Partner of NACUSO, Evergreen Financial Technology Group (EFTG) invests in mission-critical software businesses that operate independently but share a common belief that credit unions are vital to the fabric of our society. Our portfolio companies combine...

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By Dan Daggett COOCredit Unions First For years, Vehicle Service Contracts (VSCs) have been a reliable product for protecting members—and a profitable one for the providers behind them. But there’s a problem: in most cases, the credit union doesn’t see the profit....