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?

Renewal of Agency Information Collections for Comments Request: Proposed Collections

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comments. SUMMARY: The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and...

Community Development Revolving Loan Fund

SUPPLEMENTARY INFORMATION: Table of Contents Basic Information Eligibility Program Description Eligible Activities Application Contents and Format Submission Requirements and Deadlines Application Review Information Award Notices Post-Award Requirements and...

Beyond Processing | Core As A Strategic Enablement Platform – NACUSO

By Jennifer BerryVise President of Core Conversions and ConsultingSynergent For years, credit unions have viewed the core primarily as a transactional processing system—the operational engine responsible for maintaining accounts, posting transactions, balancing...

CU InfoSecurity 2017: Visa Talks Multiple Biometric Authentication

How Visa looks to help consumers bypass the insecure login and password combination by advancing biometric intelligence was at the center of a presentation CU InfoSecurity 2017 conference in San Diego. With the arrival of mobile phones with fingerprint sensors and...

CFPB’s Cordray Blasts House Report as Misleading, Inaccurate

CFPB Director Richard Cordray says a House committee staff report that accused him of failing to cooperate with the panel’s Wells Fargo probe is inaccurate and misleading. In that report, the Republican staff of the House Financial Services Committee recommends...

CUNA Hopes Economy Finds ‘Goldilocks Solution’

While CUNA officials started the year predicting a 2.5% economic growth rate, they're now hoping they were too optimistic. Bill Hampel, CUNA's chief policy officer, said an economy that is too hot might cause the Fed to raise rates more aggressively, chilling the...

Face Time Is Real Time

In a recent article published in CU Times, David Baumann writes of a conversation he had with a credit union lobbyist who works for one of the national credit union trade organizations. In response to a question as to why credit unions have not had any face time with...

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...