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?

The NCUA Staff Draft 2026-2027 Budget

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA's staff draft “detailed business-type budget” for 2026 and 2027 was made available for public review in the Federal Register as required by federal statute on September 29, 2025 as docket number...

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By Devin Hughes SVP Lender PartnershipsLendKey Against a backdrop of decreasing interest rates, emerging competitors, and federal reforms that upend old certainties, the stakes for credit unions heading into their 2026 planning sessions are as high as they have been...

The NCUA Staff Draft 2026-2027 Budget

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA's staff draft “detailed business-type budget” for 2026 and 2027 was made available for public review in the Federal Register as required by federal statute on September 29, 2025, as docket number...

NCUA Board Considers Share Insurance Fund Distributions on Feb. 15

The NCUA board will discuss Share Insurance Fund equity distributions when it meets on Feb. 15. Last year, the board approved the merger of the Share Insurance Fund with its Corporate Stabilization Fund. At the time, board Chairman J. Mark McWatters said that the...

Credit Unions Name New CEOs, Retirements

Bangor Federal Credit Union named Basil Closson as its new president/CEO. Credit unions in North Carolina, New York, Maine, Massachusetts, Virginia and Indiana recently named top executive leaders and announced retirements. The $2.2 billion Truliant Federal Credit...

Nussle Tells Hatch Credit Unions Must Be Permitted to ‘Evolve’

Credit unions must be permitted to evolve, and that evolution should not endanger their tax exemption, CUNA President Jim Nussle said this week, in a letter to Senate Finance Chairman Orrin Hatch (R-Utah). Hatch recently wrote a letter to NCUA Chairman Mark McWatters...

Sen. Warren Blasts Equifax for Lax Cybersecurity in Report

Sen. Elizabeth Warren, D-Mass., released the findings of a four-month investigation into how Equifax failed to protect the personal data of more than 145 million Americans. The new 15-page report containing the findings concludes...

E-Commerce Cyberattacks Grew During 2017 Holiday Season

ThreatMetrix, The Digital Identity Company, research identified 251 million fraud attempts, a 113% growth over 2016, during 2017’s fourth quarter. The report also revealed an increased attack volume originating from Russia. The Q4 2017 Cybercrime Report from San...