Financial regulators and Congress have done a poor job of tailoring regulations to the size of financial institutions, the Treasury Department said Monday, in calling for many of the changes long advocated by credit unions. “As banking regulators are approaching...
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?
Nebraska CU Opens to Help People Trapped by Payday Lenders
In Nebraska, a new credit union has opened to reduce the influence of payday lenders in the state’s capital city. The NCUA said Monday it granted a federal charter and share insurance fund coverage to Community HOPE Federal Credit Union. Community Development...
Shares & Deposits Up, Membership Down at Fed Insured CUs
Federally insured credit unions showed continued improvement in nearly every category during the first quarter of 2017, with large credit unions continuing to outpace smaller ones, the NCUA said Monday. At the median, shares and deposits rose in every state over the...
Credit Unions, Leagues, CUSOs Reveal Staff Changes
This past week, professionals from credit unions, leagues, vendors and CUSOs – including CU Direct, CUNA Mutual Group and PSCU – made big moves in their careers. Check out the latest People news here. WEST Janelle Hockenbrocht and Chelsey Johnson of the...
Mobile Banking Benchmarking for Credit Unions
The average credit union released its initial retail mobile banking app 3.51 years ago and 95.4% above $100 million in assets offer a mobile app according to a new benchmarking solution. Atlanta-based FI Navigator Corporation and Boston-based Sievewright &...
Former Michigan CU CEO Charged with Embezzlement
Michigan authorities said Stanley Hayes, former CEO of the liquidated Valley State Credit Union, allegedly embezzled more than $710,000 from the Saginaw cooperative. Michigan Attorney General Bill Schuette filed 13 felony charges against the 45-year-old Hayes on...