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...

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%...

NCUA Board to Consider Whether to Ask for Comments on OTR

The NCUA board will consider whether to open its Overhead Transfer Rate methodology for additional comment when it meets on Friday June 23. The board normally meets on Thursdays, but will meet on Friday this month to allow Acting Chairman J. Mark McWatters to testify...

CU InfoSecurity 2017: Cybersecurity Assessment, Going Phishing

Credit unions received tips on boosting cyberprotection and adhering to regulatory compliance using the Cybersecurity Assessment Tool, better training, and workflow automation at the CU InfoSecurity 2017 conference in San Diego. Jim Brahm, CEO of security assessment...