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?

Dependent Care and Board Member Expense Reimbursement

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board is amending its regulations concerning the reimbursement of reasonable expenses for federal credit union (FCU) officials. The amendment revises the definition of compensation to exclude...

Preemption-Federal Credit Union Non-Interest Charges and Fees

SUPPLEMENTARY INFORMATION: I. Introduction A. Background Federal credit unions (FCUs) routinely rely on third parties for a range of products and services.[1] In particular, third parties are crucial to FCUs' provision of payment cards, which are vital and deeply...

Regulation for Federal Financial Assistance

SUPPLEMENTARY INFORMATION: I. Executive Summary The Office of Management and Budget (OMB) proposes to revise several parts of the OMB Guidance for Federal Financial Assistance located in title 2 of the Code of Federal Regulations (CFR), subtitle A, to improve and...

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%...

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...