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...

Moving to Vertical EMV Cards: Advance Financial FCU

Schererville, Ind.-based Advance Financial Federal Credit Union announced last week that it began issuing a new Visa EMV debit card with a vertical orientation — a rebellious graphics-design maneuver highlighting some of the pros and cons of quite literally...

Employer Social Media Screening at All-Time High

Post responsibly, as employer screening of candidates’ social media posts is at an all-time high, according to a CareerBuilder survey of 2,300 hiring managers and human resource professionals. Nearly three-quarters (70%) of...

Life Assets Grow More Slowly Than U.S. Wealth: Fed

The Federal Reserve Board headquarters in Washington (Photo: Thinkstock) The Federal Reserve Board says assets at U.S. life insurers grew a little in the first quarter, but not as much as overall U.S. wealth.  Life insurers held $4.35 trillion...

Credit Unions Have a Perception Problem

Credit unions have a lot of explaining to do. That was a key takeaway CUNA President/CEO Jim Nussle told credit union professionals during the final general session of the Southeast Credit Union Conference in Orlando on Friday. Nussle revealed what he called...

Coopera, Corporate Central, Clark County CU Welcome New Talent

This past week, credit unions across the country welcomed new staff members and made promotions. In addition, credit union consulting firm Coopera and security solutions company DefenseStorm hired new executives. WEST The $650 million Clark County Credit Union in Las...

Holes In EMV-Enabled POS & ATM Systems Open Vulnerabilities

Having an EMV-enabled system in place is not a total guarantee against breaches. Holes in updated POS infrastructures may have instigated recent compromises, and credit unions need to aware as well. According to EMV chip data from The Strawhecker Group more than 52%...