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...

McWatters: Give Us More Flexibility to Write Rules

Congress should consider giving the NCUA more flexibility to write rules to provide regulatory relief and allow credit unions to offer more services, Acting NCUA Chairman J. Mark McWatters told the Senate Banking Committee Thursday. And he told the committee that he...

Tennessee CU CEO Retires, New CEO Named

The board of directors for the $51.2 million TNConnect Credit Union in Knoxville, Tenn., announced Tuesday that its president/CEO, Linda Childs (pictured at left), will retire Aug. 31. Her successor will be Martin Bradley (pictured below), the credit union’s...

3 Trends Driving Retirement Planning in the ‘New Normal’

Advisors’ most successful clients learned their formative investing lessons in the late 20th century—a “perfect storm” of favorable demographics and economic trends. But the past decade revealed starkly different conditions. This...

InsurTech Startup Gets Boost for Smartphone-Only Policies

Sure, one of the latest entrants into the "insure-a-thing" vertical, announced this week that it raised $8 million in Series A funding, which the New York City- and Los Angeles-based InsurTech startup intends to use to grow its product and marketing outreach. Run...

5 Best & Worst States for Keeping More Retirement Income

When you’re looking for a potential retirement spot, keep taxes high on the criteria—since whether a state has its own income tax, and if so what it taxes, can have a big impact on how much money you’ll have left to spend after April 15 has...

Most Websites Are No Match for a Bot Attack: Study

A new study developed by Distil Networks and the Online Trust Alliance revealed 95% of top websites across different verticals, including financial services, are no match against advanced persistent and damaging bots. The survey found that while an average of 16% of...