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?

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...

Proposed New and Renewal of Agency Information Collections; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Fiserv & GoldBean Help Financial Orgs Serve Beginning Investors

Brookfield, Wis. based Fiserv, Inc. is equipping financial institutions to better serve beginning investors with the addition of tailored digital advice and education to Wealth Management Network from Fiserv. Fiserv is adding these capabilities through an agreement...

CDFI Program Biased Against CU & Banks, Trade Groups Allege

The Community Development Financial Institutions program is biased toward non-credit union, non-bank grant recipients that are largely unregulated, seven trade groups, including CUNA and NAFCU said Tuesday. The groups, including the National Federation for Community...

McWatters Officially Named Chair of NCUA by Trump

President Donald J. Trump designated Acting National Credit Union Administration Board Chairman J. Mark McWatters as the tenth Chairman of the NCUA Board, effective June 23. “I thank President Trump for this honor and the trust he has placed in me,”...

Making Financial Services Frictionless: ACUC Onsite

Mark Sievewright presenting "Becoming Digital: The Path to Frictionless Financial Services" at CUNA's ACUC in Las Vegas. LAS VEGAS – Early in his session at CUNA’s America’s Credit Union Conference Monday, Mark Sievewright read a group text...

Credit Union Goes to Video to Connect With Members

Hackensack, N.J. based Vidyo, announced the $2.6 billion Vernon Hills, Ill. Baxter Credit Union is deploying its cloud-based video collaboration technology to connect members with several video-only branches in 2017. BCU plans to use video to remotely link members,...

Lawmaker Fears Unfair Fintech Biz Lending Practices

A Democratic member of the House Financial Services Committee is asking five fintech companies for detailed information about their services to small businesses, disclosures and services to minority-owned firms. In asking for the information, Rep. Emanuel Cleaver...